“…Prior studies have identified the following factors influencing companies’ decision on the degree of standardization of their international advertising campaigns: (1) macroenvironmental determinants, (2) microenvironmental determinants (industry‐ and firm‐level determinants), and (3) consumer‐related determinants (Melewar, Pickton, Gupta, & Chigovanyika, ). Macroenvironmental determinants such as the political, economic, social, legal (Melewar et al., ), cultural (Papavassiliou & Stathakopoulos, ), and physical environment have received much academic attention. Studies have extensively explored the following microenvironmental determinants: the managerial and financial characteristics (Papavassiliou & Stathakopoulos, ), organizational experience and structure, and marketing institution (Melewar et al., ).…”