The Psychic Distance Postulate Revised: From Market Selection to Speed of Market Penetration
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The shift in power to the congregation led to the rise of the Congregational Churches.
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DOR serves all Massachusetts taxpayers along with out-of-state businesses and individuals with whom have tax obligations to our Commonwealth. We assist parents who pay and receive child support and help cities and towns manage their finances. The average household size was 2. For every females age 18 and over, there were Dedham’s population is spread out with The median income for a household in the town was ,, and the median income for a family was , It hangs in the selectmen’s chambers at town hall and in the Great Hall of the Massachusetts State House.
A charter adopted in lays out the basic structure of the Town government, although it has been amended occasionally over the years. In , though citizens were still taxed for the support of ministers and other “public teachers of religion”, Dedham set a precedent toward the separation of church and state. Residents selected a minister different than that chosen by the church selectmen; their right of selection was confirmed by the Supreme Judicial Court.
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In this paper we revise the psychic distance postulate of the Uppsala Model Johanson and Vahlne, , by injecting more recent findings i. The model we propose posits that a higher psychic distance decreases the speed of market penetration. On distant markets, internationalizing technology-based ventures need more time to establish a position in the foreign network and to obtaining positive cash flow. Our model presents social capital as a mean to overcome the psychic distance and to increase the speed of market penetration.
We build our model on four case studies on technology-based new ventures internationalizing at very early ages. This is a preview of subscription content, log in to check access.
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