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

Author

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  • 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.

Suggested Citation

  • Valeria Gattai, 2006. "A Tale of Three Countries: Italian, Spanish and Swiss Manufacturing Operations in China," Working Papers 2006.150, Fondazione Eni Enrico Mattei.
  • Handle: RePEc:fem:femwpa:2006.150
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    Cited by:

    1. Gattai, Valeria & Natale, Piergiovanna, 2013. "What makes a joint venture: Micro-evidence from Sino-Italian contracts," Review of Financial Economics, Elsevier, vol. 22(4), pages 194-205.

    More about this item

    Keywords

    Intangible Assets; Internalisation; FDI; Joint-venture; China;

    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; Discrete Regressors; Proportions; Probabilities
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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