In this paper we investigate the choice of Joint-Venture versus Wholly Foreign-Owned Enterprise (WFOE), made by Italian, Spanish and Swiss multinationals in China, as shaped by the risk of Dissipation of Intangible Assets. Probit estimates, based on an entirely new firm-level dataset, constructed by the author, show that WFOE is more likely to emerge when know-how easily spills over - namely for firms endowed with more Intangible Assets or belonging to high tech sectors - in lines with the theoretical expectations.
|Citazione:||Gattai, V. (2008). A Tale of Three Countries: Italian, Spanish and Swiss Manufacturing Operations in China. WORLD ECONOMY, 31(8), 969-992.|
|Tipo:||Articolo in rivista - Articolo scientifico|
|Carattere della pubblicazione:||Scientifica|
|Titolo:||A Tale of Three Countries: Italian, Spanish and Swiss Manufacturing Operations in China|
|Autori interni:||GATTAI, VALERIA|
|Data di pubblicazione:||2008|
|Appare nelle tipologie:||01 - Articolo su rivista|