Abstract: It is widely recognized that foreign direct investment (FDI) plays an important role in economic development. However, its impact on entrepreneurial activity has not been well researched. Internationalization theory is used to explore how inward FDI impacts entrepreneurial activity....

Small and medium sized firms play an important role in the process of creative destruction. The focus of the paper is on the international diffusion of small and medium sized firms innovations. Small and medium sized firms face two challenges in globalization: property rights protection and...

Multivariate Gaussian mixtures are widely used in science and engineering for density estimation, model-based data clustering, and statistical classification. A difficult problem, of special interest for clustering, is estimating the model order, i.e. the number of mixture components. Use of...