Coupled with the continuing threat of reduced defence expenditures and increasing competition, European defence companies have reacted with a number of strategic manoeuvres involving mergers, acquisitions and other forms of alliance. Moves towards a single European defence industry have been a...

This study attempted to identify how regional integration and spatial enlargement would affect firms’ strategic decisions from the outside of an integrated region. By analyzing data sets between 2000 and 2007 utilizing the gravity model, this study examined the specific properties of Korean...