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Organization of multinational activities and ownership structure
Mugele, Christian; Schnitzer, Monika - 2006
assume that investors face costs of control that vary among sectors and increase in distance. The results show that (i … distance may have a non-monotonous effect on the likelihood of horizontal investments, and (iii) that globalization, if … understood as reducing distance, leads to more integration. …
Persistent link: https://www.econbiz.de/10010366525
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Technology transfer and spillovers in international joint ventures
Müller, Thomas; Schnitzer, Monika - 2005
It is often argued that multinationals are reluctant to transfer technology due to the fear of spillovers. We show that this need not be the case if host country policies like taxation are taken into account. Furthermore, we examine the incentives the multinational and the host country have to...
Persistent link: https://www.econbiz.de/10010366560
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The Control and Performance of Joint Ventures
Mantecon, Tomas - 2016
We analyze the control and performance of assets operating in joint ventures (JVs). Control in JVs is determined by the allocation of voting rights and by the contracts that govern the JVs. This hybrid allocation of control is aimed to ameliorate the potential for ex-post opportunism. An equal...
Persistent link: https://www.econbiz.de/10013003534
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Empirical Evidence of the Value of Monitoring in Joint Ownership
Mantecon, Tomas - 2013
Joint ownership of assets by two partners can have an adverse effect on the incentives to invest and can result in unstable and inefficient organizational structures. Control sharing, however, plays an important role in economic, political, and social institutions. There is scarce empirical...
Persistent link: https://www.econbiz.de/10013092255
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Corruption, networking and foreign ownership : recent evidence from CEE countries
Pal, Sarmistha - 2013
ownership in EU/OECD host countries and also when the home-host relative corruption distance is small. …
Persistent link: https://www.econbiz.de/10010195528
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Contracting Institutions and Ownership Structure in International Joint Ventures
Van Assche, Ari - 2013
This paper examines the role of contracting institutions on a multinational firm's optimal ownership strategy. We develop a model in which both a multinational firm and its local joint venture partner can ex post engage in costly rent-seeking actions to increase their ex ante agreed upon revenue...
Persistent link: https://www.econbiz.de/10013086822
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International joint ventures and internal vs. external technology transfer : evidence from China
Jiang, Kun; Keller, Wolfgang; Qiu, Larry D.; Ridley, William - 2018
This paper studies international joint ventures, where foreign direct investment is performed by a foreign and a domestic firm that together set up a new firm, the joint venture. Employing administrative data on all international joint ventures in China from 1998 to 2007 - roughly a quarter of...
Persistent link: https://www.econbiz.de/10011855593
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A Theory of Corporate Joint Ventures
Sanga, Sarath - 2018
Persistent link: https://www.econbiz.de/10012937037
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Joint Ventures and the Property Rights Theory of the Firm : A Review of the Literature
Gattai, Valeria - 2014
Joint ventures (JVs) are a very common form of inter-firm collaborations and, not surprisingly, the object of a vast literature, spanning from economics to management and business studies. Issues of control are central to the definition of JV, which naturally begs an interpretation in the...
Persistent link: https://www.econbiz.de/10013043052
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The role of country-of-origin characteristics for foreign direct investment and technical cooperation in post-reform India
Dreher, Axel; Nunnenkamp, Peter; Vadlamannati, Krishna … - 2011
The decisions of foreign investors on technical cooperation versus equity engagements and on the degree of ownership in FDI projects are likely to depend on their relative bargaining position vis-à-vis the host country. India provides an interesting case for analyzing the interplay between...
Persistent link: https://www.econbiz.de/10009152778