Ex-post Performance Implications of Divergence of Managers’ Perceptions of ‘Distance’ From ‘Reality’ in International Business

Despite much research on “distance”, little attention has been paid to the effect of divergence of managers’ perceptions of distance from reality (i.e. distance divergence) and its implications for firm performance. This knowledge is highly important since managerial perceptions of the firm’s environment do not always coincide with the actual environmental characteristics. Consequently, strategies based on inaccurate data may result in erroneous forecasts, missed opportunities and business failure. Using survey data from senior managers of Swedish exporters and corresponding objective data, this study is a first attempt to explore the ex-post performance implications of “distance divergence” when expanding into foreign markets. Our results demonstrate that the larger the divergence between managers’ perceptions of cultural distance and corresponding “objective” distance, the lower the performance expressed in companies’ sales. However, over/underestimation of cultural distance does not have differential effects on firm performance.“Stiftelsen Olle Hakelius Stipendiefond”, Grant no: 1165001

Laser spectroscopic characterization of the nuclear-clock isomer 229m^{229m}Th

The isotope $^{229}$Th is the only nucleus known to possess an excited state $^{229m}$Th in the energy range of a few electron volts, a transition energy typical for electrons in the valence shell of atoms, but about four orders of magnitude lower than common nuclear excitation energies. A number of applications of this unique nuclear system, which is accessible by optical methods, have been proposed. Most promising among them appears a highly precise nuclear clock that outperforms existing atomic timekeepers. Here we present the laser spectroscopic investigation of the hyperfine structure of $^{229m}$Th$^{2+}$, yielding values of fundamental nuclear properties, namely the magnetic dipole and electric quadrupole moments as well as the nuclear charge radius. After the recent direct detection of this long-searched-for isomer, our results now provide detailed insight into its nuclear structure and present a method for its non-destructive optical detection.Comment: 18 page