Dissipation of Knowledge and the Boundaries of the Multinational Enterprise

Arbeitspapier

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 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 the integrated solution 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 a new firm-level dataset, show that Japanese manufacturing operations in Europe are in line with these predictions.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Nota di Lavoro ; No. 121.2005

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Multinational Firms; International Business ; Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
• Thema: Dissipation ; Intangible assets ; FDI ; joint-venture ; Internalisation ; Japan ; Joint Venture ; Direktinvestition ; Immaterielles Anlagevermögen ; Wissenstransfer ; Multinationales Unternehmen ; Japan

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Gattai, Valeria
• Ereignis: Veröffentlichung
• (wer): Fondazione Eni Enrico Mattei (FEEM)
• (wo): Milano
• (wann): 2005

Weitere Informationen

• Handle: http://hdl.handle.net/10419/74269
• Letzte Aktualisierung: 10.03.2025, 11:46 MEZ