RT Journal Article
T1 Determinants of international activity: evidence from the chemical processing industry
A1 Fosfuri, Andrea
AB 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 comprehensivedatabase on investments in chemical plants during the period 1981–1996, we show that higher levels of country risk areassociated with less activity into recipient economies. The analysis also suggests that international activity with smaller resourcecommitment tends to be preferred in countries with higher levels of risk, and that multinational investment is more responsiveto changes in risk conditions than indigenous investment. After controlling for several country characteristics, we do not finIPRs protection playing a significan role in fostering international activity or conditioning its mode.
PB Elsevier
SN 0048-7333
YR 2004
FD 2004
LK https://hdl.handle.net/10016/13188
UL https://hdl.handle.net/10016/13188
LA eng
NO I gratefully acknowledge financia support fromthe European Commission (HPSE-CT-2002-00146),the Instituto Flores de Lemus and the Spanish Ministryof Science and Technology (SEC2003-03797).
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RD 19 may. 2024