Firm's Intangible Assets and Multinational Activity: Joint-Venture Versus FDI
| dc.creator | Gattai, Valeria | |
| dc.date | 2017-04-01T15:17:29Z | |
| dc.date.accessioned | 2026-07-09T03:03:24Z | |
| dc.description | 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. | |
| dc.identifier | doi:10.22004/ag.econ.12081 | |
| dc.identifier | https://ageconsearch.umn.edu/record/12081/files/wp050122.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/12081 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/525638 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/12081 | |
| dc.title | Firm's Intangible Assets and Multinational Activity: Joint-Venture Versus FDI | |
| dc.type | Text |