Which firms are involved in foreign vertical integration?
| Autor: | Pelegrín, A., Jose Garcia-Quevedo |
|---|---|
| Přispěvatelé: | Universitat de Barcelona |
| Rok vydání: | 2012 |
| Předmět: | |
| Zdroj: | Scopus-Elsevier Dipòsit Digital de la UB Universidad de Barcelona Recercat. Dipósit de la Recerca de Catalunya instname |
| Popis: | In line with the literature that considers that transaction costs, asset specificity and incomplete contracts play a key role in the “make or buy decision”, this paper seeks to discriminate the characteristics of firms that make them more or less likely to integrate their activities in a foreign country. We draw on firm level data for Spanish manufacturing firms from the Survey on Business Strategies (ESEE), which enable us to identify whether their imports are intra-firm (related party) or at arm’s-length (non-related party). Our results show that candidates for vertical integration are the most productive firms and those that receive a large share of their inputs from headquarters. We also demonstrate that international experience and product differentiation favor foreign integration even after controlling for other characteristics of the firm. |
| Databáze: | OpenAIRE |
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