most relevant features: the dimension (size) of companies. Based on a qualitative methodology, we interviewed managers of … the furniture manufacturing industry. We concluded that companies value increase in size; nevertheless, for cultural … reasons, they are still resistant to such an increase. For increasing their size, companies value several instruments, such as …

importance of firm-level productivity and distance-related transaction costs as driving forces of FDI. Yet the timing of FDI has … uncertainty. Likewise, distance-related transaction costs discourage FDI by latecomers considerably less than FDI by early movers. …

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