Firm’s intangible assets and multinational activity: full versus shared ownership

Valeria Gattai

No 154, Working Papers from University of Milano-Bicocca, Department of Economics

Abstract: This paper analyses the choice of full versus shared ownership of the production affiliate made by Italian multinationals in Asia, based on an entirely new firm-level dataset, constructed by the author. The decision to internalise production, rather than relying on a local partner, is driven by the threat of Dissipation of Intangible Assets, both at a theoretical and an empirical level. In particular, we show that full ownership is more likely to emerge in Asia for Italian firms endowed with better technology and human capital, or belonging to high tech sectors.

Keywords: Intangible Assets; ownership; wholly-owned subsidiary; joint-venture; Asia (search for similar items in EconPapers)
JEL-codes: C25 F23 O5 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2009-02, Revised 2009-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:mib:wpaper:154

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