It is well known that entrepreneurs possess human, political and social capital that allow them to be successful. While we know that each of these “capitals” possess value, we know much less about how they interact – for example, are they substitutes or complements? – and whether where...

This paper assesses the influence of spatial heterogeneity on the choice of entry modes by multinational enterprises (MNEs). We claim that the location of the target firm influences the choice of partial ownership, i.e., an MNE's choice to maintain a local partner. MNEs normally execute partial...