| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14515 |
| 来源ID | Working Paper 14515 |
| Physical Capital, Knowledge Capital and the Choice Between FDI and Outsourcing | |
| Yongmin Chen; Ignatius J. Horstmann; James R. Markusen | |
| 发表日期 | 2008-12-05 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | There exist two approaches in the literature concerning the multinational firm's mode choice for foreign production between an owned subsidiary and a licensing contract. One approach considers environments where the firm is transferring primarily knowledge-based assets. An important assumption there is that the relevant knowledge is absorbed by the local manager or licensee over the course of time: knowledge is non-excludable. More recently, a number of influential papers have adopted a property-right view of the firm, assuming the application abroad of physical capital, the owner of which retains full and exclusive rights to the capital should a relationship break down. In this paper we combine both forms of capital assets in a single model. The model predicts that foreign direct investment (owned subsidiaries) is more likely than licensing when the ratio of knowledge capital to physical capital is high, or when market value is high relative to the book value of capital (high Tobin's-Q). |
| 主题 | International Economics ; International Factor Mobility ; Industrial Organization ; Firm Behavior |
| URL | https://www.nber.org/papers/w14515 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572190 |
| 推荐引用方式 GB/T 7714 | Yongmin Chen,Ignatius J. Horstmann,James R. Markusen. Physical Capital, Knowledge Capital and the Choice Between FDI and Outsourcing. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14515.pdf（197KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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