, and the markets to be served. Foreign investments are driven by market-seeking and cost-reducing motives. We further …) production intensive sectors are more likely to operate a foreign business independent of the investment motive, (ii) that …

This paper studies why multinational firms often share ownership of a foreign affiliate with a local partner even in … is increasing in its productivity, with the most productive multinationals choosing not to rely on a foreign partner at … all. This prediction is shown to be consistent with data on the ownership choices of Japanese multinationals. -- Foreign …

This paper studies why multinational firms often share ownership of a foreign affiliate with a local partner even in … is increasing in its productivity, with the most productive multinationals choosing not to rely on a foreign partner at …