Country Relatedness And International Coherence

The conventional approach in international business research is to consider and/or compute country distance as independent of individual and firm actions. Borrowing from Teece et. al. (1994), we propose in this paper an alternative approach that relies on ‘survivor’ data culled from the very actions of these individuals and/or firms to compute ‘country relatedness’, the inverse of distance. We then focus on country relatedness for investment...