Intangible assets and foreign ownership in international joint ventures: The moderating role of related and unrelated industrial agglomeration

Tiancheng Hu, Rui Guo and Lutao Ning

Research in International Business and Finance, 2022, vol. 61, issue C

Abstract: When multinational enterprises form international joint ventures (IJVs) with local firms, the knowledge exchange between the two can expose foreign firms’ intangible assets to local competitors. We study how foreign ownership is used to manage knowledge leakage and how local industrial structures moderate the relationship between intangible assets and foreign ownership. Using a dataset of 25,447 IJVs in China, our results reveal that foreign ownership rises with the increase in intangible assets in IJVs. Related variety further enhances this relationship, whereas unrelated variety has a positive moderating effect only when foreign ownership is within a certain range.

Keywords: Intangible asset; Knowledge leakage; Foreign ownership; Joint venture; Industrial structure (search for similar items in EconPapers)
JEL-codes: F23 G32 L16 O33 O53 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0275531922000423
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:61:y:2022:i:c:s0275531922000423

DOI: 10.1016/j.ribaf.2022.101654

Access Statistics for this article

Research in International Business and Finance is currently edited by T. Lagoarde Segot

More articles in Research in International Business and Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().