Arora, Ashish; Fosfuri, Andrea - In: Journal of international business studies : JIBS ; an … 31 (2000) 4, pp. 555-572
This paper empirically analyzes the determinants of the choice between wholly owned subsidiary and technology licensing as a strategy for expansion abroad. We use a new and comprehensive database on worldwide plant level investments in the chemical industry during the 1981-1991 period. We find...