Determinants of international activity: evidence from the chemical processing industry

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Show simple item record Fosfuri, Andrea 2012-02-02T19:17:21Z 2012-02-02T19:17:21Z 2004
dc.identifier.bibliographicCitation Research Policy, 2004, v. 33, nº 10, pp. 1599-1614
dc.identifier.issn 0048-7333
dc.description.abstract This paper empirically investigates two important determinants of international activity through wholly owned operations, joint-ventures and technology licensing, namely country risk and intellectual property rights (IPRs) protection. Using a comprehensive database on investments in chemical plants during the period 1981–1996, we show that higher levels of country risk are associated with less activity into recipient economies. The analysis also suggests that international activity with smaller resource commitment tends to be preferred in countries with higher levels of risk, and that multinational investment is more responsive to changes in risk conditions than indigenous investment. After controlling for several country characteristics, we do not fin IPRs protection playing a significan role in fostering international activity or conditioning its mode.
dc.description.sponsorship I gratefully acknowledge financia support from the European Commission (HPSE-CT-2002-00146), the Instituto Flores de Lemus and the Spanish Ministry of Science and Technology (SEC2003-03797).
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Elsevier
dc.rights ©Elsevier
dc.subject.other Foreign direct investment
dc.subject.other Technology licensing country risk
dc.subject.other IPRS protection
dc.subject.other Chemical processing industry
dc.title Determinants of international activity: evidence from the chemical processing industry
dc.type article
dc.description.status Publicado
dc.subject.jel F21
dc.subject.jel F23
dc.subject.jel O32
dc.subject.jel O34
dc.subject.eciencia Empresa
dc.identifier.doi 10.1016/j.respol.2004.09.003
dc.rights.accessRights openAccess
dc.type.version acceptedVersion
dc.identifier.publicationfirstpage 1599
dc.identifier.publicationissue 10
dc.identifier.publicationlastpage 1614
dc.identifier.publicationtitle Research Policy
dc.identifier.publicationvolume 33
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