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A Tale of Three Countries: Italian, Spanish and Swiss Manufacturing Operations in China

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Author Info
Valeria Gattai (Bocconi University and ISESAO)
Abstract

In this paper we investigate the choice of FDI versus joint-venture, 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 FDI 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 line with the theoretical expectations.

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Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2006.150.

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Date of creation: Dec 2006
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Handle: RePEc:fem:femwpa:2006.150

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Related research
Keywords: Intangible Assets Internalisation FDI Joint-venture China

Find related papers by JEL classification:
F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models
O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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