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Objective: To analyze what are the determining criteria for multilatinas to leave their country of origin and settle in another specific country. Method: The probit technique applied to panel data was applied, as it is a method that allows the dependent variable to be represented by a dummy with regressors varying between individuals and the period. Main Results: The results found demonstrate that the macroeconomic variables of the countries of origin of the multilatinas were not significant for determining the location, but the world GDP, the characteristics of the firm, as well as mergers and acquisitions, were determinant and statistically significant for the location of multilatinas. This demonstrates that internationalization is highly related to the size of the firm, as well as its experience. In other words, the larger the firm, the more resources it will have to invest in new countries. Relevance / Originality: The study on multilatine companies has started to gain academic relevance in recent years (AGUILERA et al., 2017). This fact is justified, because few companies in Latin America are among the largest or most valuable companies in the world. Theoretical / Methodological Contributions: This study aims to expand the literature on multilatine companies by providing evidence on which factors contribute to the internationalization process of these companies. [ABSTRACT FROM AUTHOR]

This article analyzes how firm size moderates the degree of relationship between cultural distance (CD) and the preference of brazilian transnationals when choosing for a entrance mode strategy. Aiming to bring a new perspective on the topic of DC this study seeks to analyze the phenomenon beyond the cultural dimensions of Hofstede, using the theoretical framework of the Globe Project. This study get's a sample of 31 firms that are among the top 78 Transnational Companies (TNCs) in Brazil. Results indicate that the Brazilian TNCs are relatively less willing to choose more risky entrance mode strategies (acquisitions) when they operate in culturally distant countries. Firm size also acts as a moderator of the relationship between DC and the entrance mode preference, where bigger firms are less affected by cultural distance when deciding the strategy for international ventures. Finally, the two dimensions of DC (values and practices) shown different relations with entrance mode preference. [ABSTRACT FROM AUTHOR]