Geographical Locations and Technology Capacities of Petrochemical Companies.

Technological orientation is one of the competitive functions in the capital market, which can be considered a basis for evaluating the advantages of companies in achieving strategic goals. This study aims to investigate the effect of geographical location on technology capabilities. It uses a resource-based view (RBV) to develop the research hypothesis. The research hypothesis was first tested using the data envelopment analysis (DEA) method to measure the technology capacities of companies and then by considering that the research dependent variable was measured as 0 and 1, based on logistic regression. The result of testing the research hypothesis was that the significance level of the coefficient of variable geographical distance (DIS) negatively and significantly affects the technical efficiency vector (TEV). Based on the test of the resource reliance theory, this result indicates that a geographical distance from the center can affect companies' access to competitive resources and, in this situation, reduce the capabilities of their core technology compared to competitors. This study is one of the few studies that examine the effect of technology capability on the geographical distance of petrochemical companies. Its results can help strengthen companies' strategic decisions. Therefore, this study can be considered innovative because it helps develop theoretical literature and strategic decision-making implications. [ABSTRACT FROM AUTHOR]