A Note on the Choice between Licensing and Direct Foreign Investment

Rolf Mirus
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Rolf Mirus: University of Alberta

Journal of International Business Studies, 1980, vol. 11, issue 1, 86-90

Abstract: This note shows that the explanation of Direct Foreign Investment based on the existence of a currency premium implies a bias in the home capital market of the multinational firm. An alternative and complementary explanation of the choice between Licensing and Direct Foreign Investment may be found in “disagreements” in the negotiations for a license.© 1980 JIBS. Journal of International Business Studies (1980) 11, 86–90

Date: 1980
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