Gattai, Valeria - Fondazione ENI Enrico Mattei (FEEM) - 2006
In this paper we investigate the choice of FDI versus joint-venture, made by Italian, Spanish and Swiss multinationals … in China, as shaped by the risk of Dissipation of Intangible Assets. Probit estimates, based on an entirely new firm …-level dataset, constructed by the author, show that FDI is more likely to emerge when know-how easily spills over - namely for firms …