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The Antecedents of Psychic Distance

Lars Hakanson & Björn Ambos

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abstract This study investigates the antecedents of psychic distance. Building on original data in 25 of the world's largest economies, we investigate potential drivers of perceived psychic distances to foreign countries. The results show these perceptions to be influenced by a range of cultural, geographic, political and economic factors. Among these, absolute geographic distance accounts for the largest share of the explained variance, suggesting that physical distance should be given a more prominent role when it comes to empirically investigating international business decisions for which psychic distance perceptions may be important. The findings also suggest that, used in isolation, ‘cultural distance’ – as measured by the so called Kogut and Singh index – is a poor predictor of such perceptions.
   
type journal paper
   
keywords Cultural distance; Geographic distance; Institutional distance; Cross-cultural research/measurement issues; Psychic distance
   
language English
kind of paper journal article
date of appearance 9-2010
journal Journal of International Management.
publisher Elsevier (Amsterdam)
ISSN 1075-4253
ISSN (online) 1873-0620
DOI 10.1016/j.intman.2010.06.001
volume of journal 16
number of issue 3
page(s) 195-210
review double-blind review
   
citation Hakanson, L., & Ambos, B. (2010). The Antecedents of Psychic Distance. Journal of International Management., 16(3), 195-210, DOI:10.1016/j.intman.2010.06.001.