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As economic internationalization advances, the question of how firms cope with increasing pressure for competitiveness gains momentum. While scholars agree that firms need a competitive advantage, they debate whether firms exploit the comparative advantage of their economy and converge on that...
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, Italy, and the UK pursue strategies facilitated by national institutions governing the financial markets, antitrust …
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that strategy. To test this chain of reasoning, I identify the strategy of pharmaceutical firms in Germany, Italy, and the …
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