RT Journal Article
T1 Wholly owned subsidiary versus technology licensing in the worldwide chemical industry
A1 Arora, Ashish
A1 Fosfuri, Andrea
AB This 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.
PB Palgrave Macmillan
SN 0047-2506
YR 2000
FD 2000
LK https://hdl.handle.net/10016/13457
UL https://hdl.handle.net/10016/13457
LA eng
NO Financial support from the European Union through the TSER project No. SOE1-CT97-1059
DS e-Archivo
RD 20 may. 2024