In this paper, the choice of joint venture versus wholly foreign-owned enterprise (WFOE), made by Italian, Spanish and Swiss multinationals in China, as shaped by the risk of dissipation of intangible assets, is investigated. Probit estimates, based on an entirely new firm-level dataset,...

This paper revisits the empirical evidence about the link between firms’ performance and their international status, based on a large sample of Italian enterprises. To this purpose, we merged two waves of the Capitalia survey (1998-2000, and 2001-2003) retrieving firm level data for roughly...

We revisit the evidence about firms' performance and their international status in a large sample of Italian enterprises. Three results stand out. First, firms engaging in foreign production of final goods, in addition to export activities, are more productivethan firms that only export abroad....

This paper provides original evidence about Chinese and Indian outward direct investment (ODI) in Italy. Firm-level data have been collected through survey interviews involving the whole population of Dragon and Elephant multinationals. With a response rate of 80%, we draw a detailed profile of...

This paper empirically analyses the boundaries of a large sample of Italian multinational enterprises, with firm-level data from Capitalia, AIDA and Centrale dei Bilanci. Within the broad array of feasible contracts in a foreign country, we focus on the trade-off between international...

This paper provides original evidence about Chinese Outward Direct Investments in Italy. Data have been collected at the micro level, through a multiple-choice questionnaire, designed by the author and submitted to the whole population of Dragon multinationals. With a response rate of 86%, we...

The paper investigates the link between inward FDI and local development in Italy. The empirical analysis is based on a new firm-level dataset built by the author through survey interviews. A multiple-choice questionnaire was sent to all the multinational enterprises (MNE) members of the...

This paper provides a theoretical formalisation of the joint-venture contract, as an alternative to Foreign Direct Investment (FDI), within a Dissipation of Intangible Assets framework. In a two-period model, we discuss how the threat of knowledge spillover shapes the boundaries of a...

This paper surveys recent contributions on the Internalisation issue, based on different theories of the firm, to show how the make-or-buy decision, at an international level, has been assessed through the opening up of the “black box” - traditionally explored by the theorists of the firm...

This paper provides a theoretical formalisation of the joint-venture contract, as an alternative to Foreign Direct Investment (FDI), within a Dissipation of Intangible Assets framework. In a two-period, two-country equilibrium model, we discuss how the threat of knowledge spillover shapes the...