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International Joint Ventures and Internal vs. External Technology Transfer : Evidence from China
Jiang, Kun - 2018
We study the economics of international joint ventures with administrative data for China exploiting the change in … foreign direct investment policy as China entered the WTO in the year 2002. Accounting for a quarter of all international …). As China has dropped joint venture requirements and shifted towards wholly foreign-owned FDI as part of becoming a member …
Persistent link: https://www.econbiz.de/10012922982
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Local Protectionism, Market Structure, and Social Welfare : China's Automobile Market
Barwick, Panle Jia - 2017
While China has made great strides in transforming its centrally-planned economy to a market-oriented economy, there … competition and social welfare in the context of China's automobile market. This market exhibits a salient feature that vehicle …
Persistent link: https://www.econbiz.de/10012949439
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International Joint Ventures and the Boundaries of the Firm
Desai, Mihir A.; Foley, C. Fritz; Hines Jr., James R. - 2021
This paper analyzes the determinants of partial ownership of the foreign affiliates of U.S. multinational firms and, in particular, why partial ownership has declined markedly over the last 20 years. The evidence indicates that whole ownership is most common when firms coordinate integrated...
Persistent link: https://www.econbiz.de/10013225937
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R&D Sourcing, Joint Ventures and Innovation : A Multiple Indicators Approach
Adams, James D.; Marcu, Mircea - 2021
This paper reexamines the limits of the firm in Research and Development (R&D). Using evidence drawn from industrial laboratories we study the causes and effects of R&D sourcing. We begin with the causes of sourcing, finding that Research Joint Ventures (RJVs), the option to purchase and...
Persistent link: https://www.econbiz.de/10013247215
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Why Do Multinational Firms Seek Out Joint Ventures?
Blomstrom, Magnus; Zejan, Mario - 2021
This paper uses a model of dichotomous choice to distinguish the characteristics of Swedish multinational firms that seek out joint ventures from those that do not. The findings suggest that firms with little experience of foreign production and highly diversified product lines are the most...
Persistent link: https://www.econbiz.de/10013244752
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Technology Transfer and Spillovers? Does Local Participation with Multinationals Matter?
Blomstrom, Magnus; Sjoholm, Fredrik - 2021
This paper examines the effects on technology transfer and spillovers deriving from ownership sharing of foreign multinational affiliates. More specifically, we try to answer two questions, using unpublished Indonesian micro data. Firstly, do establishments with minority and majority ownership...
Persistent link: https://www.econbiz.de/10013246990
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Universities, Joint Ventures, and Success in the Advanced Technology Program
Darby, Michael R. - 2013
America's most innovative firms participate in the U.S. Commerce Department's Advanced Technology Program (ATP) those that participated at least once accounted for over 40 percent of U.S. patents to U.S. entities during 1988-1996. Many firms are repeat participants. ATP participation has...
Persistent link: https://www.econbiz.de/10012754647
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Money as a Unit of Account
Doepke, Matthias - 2013
We develop a theory that rationalizes the use of a dominant unit of account in an economy. Agents enter into non-contingent contracts with a variety of business partners. Trade unfolds sequentially in credit chains and is subject to random matching. By using a dominant unit of account, agents...
Persistent link: https://www.econbiz.de/10013074294
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Signaling and Accounting Information
Myers, Stewart C. - 2006
This paper develops a signaling model in which accounting information improves real investment decisions. Pure cash flow reporting is shown to lead to underinvestment when managers have superior information but are acting in shareholders' interests. Accounting by prespecified,...
Persistent link: https://www.econbiz.de/10012783961
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Bank-Tax Conformity for Corporate Income : An Introduction to the Issues
Hanlon, Michelle - 2010
This paper discusses the issues surrounding the proposals to conform financial accounting income and taxable income. The two incomes diverged in the late 1990s with financial accounting income becoming increasingly greater than taxable income through the year 2000. While the cause of this...
Persistent link: https://www.econbiz.de/10012762515