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Wholly owned subsidiary versus technology licensing in the worldwide chemical industry

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dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorArora, Ashish
dc.contributor.authorFosfuri, Andrea
dc.date.accessioned2012-02-23T19:25:19Z
dc.date.available2012-02-23T19:25:19Z
dc.date.issued2000
dc.description.abstractThis paper empirically analyzes the determinants of the choice between wholly owned subsidiary and technology licensing as a strategy for expansion abroad. We use a new and comprehensive database on worldwide plant level investments in the chemical industry during the 1981-1991 period. We find that both cultural distance and the presence of other potential licensors favor the use of licensing as a strategy for expanding abroad, whereas, prior experience favors the choice of wholly owned subsidiary. An implication of this study is that competition in the market for technology can foster the international diffusion of technology through the use of arm's length agreements.
dc.description.sponsorshipFinancial support from the European Union through the TSER project No. SOE1- CT97-1059
dc.description.statusPublicado
dc.format.mimetypeapplication/pdf
dc.identifier.bibliographicCitationJournal of International Business Studies, 2000, v. 31, nº 4, pp. 555-572
dc.identifier.issn0047-2506
dc.identifier.publicationfirstpage555
dc.identifier.publicationissue4
dc.identifier.publicationlastpage572
dc.identifier.publicationtitleJournal of International Business Studies
dc.identifier.publicationvolume31
dc.identifier.urihttps://hdl.handle.net/10016/13457
dc.language.isoeng
dc.publisherPalgrave Macmillan
dc.relation.publisherversionhttp://search.proquest.com/docview/197158991?accountid=14501
dc.rights.accessRightsopen access
dc.subject.ecienciaEmpresa
dc.subject.otherStrategic planning
dc.subject.otherLicensing
dc.subject.otherGlobalization
dc.subject.otherForeign investment
dc.subject.otherChemical industry
dc.titleWholly owned subsidiary versus technology licensing in the worldwide chemical industry
dc.typeresearch article*
dc.type.hasVersionAM*
dspace.entity.typePublication
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