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The Role of Psychic Distance in the Process of Companies Internationalization - Review of Research Results

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Nizielska A.
Journal of Economics and Management
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2013
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vol. 13
85-99
EN
The article presents the review of existing research on the role of psychic distance in the process of companies internationalization (both secondary and primary). The main attention was dedicated to the measurement of this phenomenon. The concept of psychic distance was compared to cultural distance, they are used interchangeably in the article. The objective of the paper was also to discuss the conceptual and methodological properties of psychic (cultural) distance: the illusion of symmetry, stability, linearity, causality, discordance, as well as the assumption of corporate and spatial homogeneity and the assumption of equivalence. The last part of the article is dedicated to the examples of research examining the role of psychic (cultural) distance in decisions of: choosing market entry mode (export versus foreign direct investment; acquisitions versus green field investment), choosing the level of strategy adaptation to local market conditions and decisions concerning other fields of international business.
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Proces internacjonalizacji polskich przedsiębiorstw - przegląd wyników badań

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Nizielska A.
Studia Ekonomiczne
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2013
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vol. 172
123-134
EN
The aim of the article was the overview of research on the process of Polish companies internationalization. There were compared the main assumptions, methodology and results of research conducted on the process of Polish companies internationalization. The overview of research results allowed the author to formulate the conclusion, that there was no research on the role of Psychic Distance on the process of Polish companies internationalization. This is the research gap, which the author would like to fulfill in future.
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