| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Firm's Intangible Assets and Multinational Activity: Joint-Venture Versus FDI |
| Valeria Gattai
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| 发表日期 | 2005
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| 出处 | Economy and Society
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| 出版年 | 2005
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| 语种 | 英语
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| 摘要 | This paper provides a theoretical formalisation of the joint-venture contract, as an alternative to Foreign Direct Investment (FDI), within a Dissipation of Intangible Assets framework. In a two-period, two-country equilibrium model, we discuss how the threat of knowledge spillover shapes the boundaries of a Multinational Enterprise. Similarly to the theoretical findings on the FDI-licensing trade off, we show that Foreign Direct Investment is more likely to emerge when know-how easily spills over - i.e. when firms are endowed with more intangible assets or they belong to high tech industries. Probit estimates, from an entirely new firm-level dataset, constructed by the author, show that the experience of Italian multinationals in Asia is in line with our theoretical predictions. |
| 特色分类 | F23,C25,O5
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| 关键词 | Intangible assets,Internalisation,FDI,Joint-venture,Asia
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/firm-s-intangible-assets-and-multinational-activity-joint-venture-versus-fdi/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117234
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推荐引用方式
GB/T 7714 |
Valeria Gattai. Firm's Intangible Assets and Multinational Activity: Joint-Venture Versus FDI. 2005.
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文件名：
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NDL2005-122.pdf
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格式：
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Adobe PDF
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