Intellectual property rights protection, ownership structure and vertically related markets
| Autor: | Po-Lu Chen |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Economics and Econometrics
Intellectual property rights protection media_common.quotation_subject Market size Equity (finance) International economics Foreign direct investment Joint venture Intellectual property Multinational corporation Accounting Economics Welfare Finance Industrial organization media_common |
| Zdroj: | Asia-Pacific Journal of Accounting & Economics. 22:331-345 |
| ISSN: | 2164-2257 1608-1625 |
| DOI: | 10.1080/16081625.2015.1057953 |
| Popis: | This article considers the protection of intellectual property rights (IPR) as a determinant of the mode of foreign direct investment. By analyzing wholly owned investment and equity joint venture (JV) in vertically related industries, I find that as IPR protection gets more stringent, the propensity to choose equity JV decreases. Analysis of the firm-level data set from Taiwanese multinational manufacturing enterprises in 2006 lends supports to this result. This article also finds that local welfare increases after entry of a multinational enterprise (MNE) if the local market size is not too large. In addition, after MNE’s entry, further strengthening of IPR is beneficial to the MNE but is detrimental to local welfare. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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