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distance may have a non-monotonous effect on the likelihood of horizontal investments, and (iii) that globalization, if … assume that investors face costs of control that vary among sectors and increase in distance. The results show that (i … understood as reducing distance, leads to more integration. …
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distance may have a non-monotonous effect on the likelihood of horizontal investments, and (iii) that globalization, if … assume that investors face costs of control that vary among sectors and increase in distance. The results show that (i … understood as reducing distance, leads to more integration. …
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