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Intangible Assets, Multinational Firms and Joint Ventures: The Case of Financial Services in Developing Economies

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Author Info
Patibandla, Murali (Department of International Economics and Management, Copenhagen Business School)
Abstract

This note illustrates a recent empirical phenomenon, which warrants a re-examination of the intangible asset theory of multinational enterprises (MNEs). It analyses two case studies of financial services: credit cards and insurance products in a developing economy. The case studies show that in the case of joint ventures between local firms, and MNEs in a developing economy, it is a large local bank that provides the brand name while MNEs provide the back-end (tangible) technical-support. The analysis also brings forth fresh insights on the issue of joint ventures, especially in the context of financial services in an emerging economy.

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File URL: http://openarchive.cbs.dk/cbsweb/handle/10398/6597
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Publisher Info
Paper provided by Copenhagen Business School, Department of International Economics and Management in its series Working Papers with number 2-2002.

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Length: 14 pages
Date of creation: 12 Jun 2002
Date of revision:
Handle: RePEc:hhb:cbsint:2002-002

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Postal: Department of International Economics and Management, Copenhagen Business School, Howitzvej 60, DK-2000 Frederiksberg, Denmark
Phone: +45 3815 2515
Fax: +45 3815 2500
Web page: http://www.cbs.dk/departments/int/
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Related research
Keywords: Intangible assets; capital market imperfections; joint ventures; financial services; emerging economies;

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This paper has been announced in the following NEP Reports: References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Teece, David J., 1982. "Towards an economic theory of the multiproduct firm," Journal of Economic Behavior & Organization, Elsevier, vol. 3(1), pages 39-63, March. [Downloadable!] (restricted)
  2. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August. [Downloadable!] (restricted)
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  3. Murali Patibandla, 2002. "Policy reforms and evolution of market structure in an emerging economy: the case of India," The Journal of Development Studies, Taylor and Francis Journals, vol. 38(3), pages 95-118, February. [Downloadable!] (restricted)
  4. Caves, Richard E, 1971. "International Corporations: The Industrial Economics of Foreign Investment," Economica, London School of Economics and Political Science, vol. 38(149), pages 1-27, February. [Downloadable!] (restricted)
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