magnify the importance of lender-to-borrower distance. Our findings are also obtained with estimation techniques that allow …

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. …

characterized by coordinates on some "basic" spherical surface. The basic "air" distance between them can thus be identified … distances from the centre of the sphere. Thus connections longer or shorter than the basic distance are to be found on an other … the distance is due to a "roundabout" connection or to the low speed parameters etc. It is thus possible to dodge the …

A distance between pairs of sets of autoregressive moving average (ARMA) processes is proposed. Its main properties are … discussed. The paper also shows how the proposed distance finds application in time series analysis. In particular it can be … used to evaluate the distance between portfolios of ARMA models or the distance between vector autoregressive (VAR) models. …