National capital city location and subsidiary portfolio expansion: The negative effect of geographic distance to the capital city at inception on the speed of subsequent investments
Hutzschenreuter, Thomas, Harhoff, Philippa-Luisa
Journal of International Business Studies · 2020 · Volume 51 · Issue 7
DOI: 10.1057/s41267-020-00305-1
Abstract
A multinational enterprise develops its subsidiary portfolio by investing in new foreign markets and subsequently pursuing further investments within these
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