Castellani, Davide; Jimenez, Alfredo; Zanfei, Antonello - In: Journal of International Business Studies 44 (2013) 7, pp. 649-675
This paper shows that value creation by multinational enterprises (MNEs) is the result of activities where geographic distance effects can be overcome. We submit that geographic distance has a relatively low impact on international research and development (R&D) investments, owing to the spiky...