Arbeitspapier

Organization of Multinational Activities and Ownership Structure

We develop a model in which multinational investors decide about the modes of organization, the locations of production, and the markets to be served. Foreign investments are driven by market-seeking and cost-reducing motives. We further assume that investors face costs of control that vary among sectors and increase in distance. The results show that (i) production intensive sectors are more likely to operate a foreign business independent of the investment motive, (ii) that distance may have a non-monotonous effect on the likelihood of horizontal investments, and (iii) that globalization, if understood as reducing distance, leads to more integration.

Sprache
Englisch

Erschienen in
Series: Munich Discussion Paper ; No. 2006-23

Klassifikation
Wirtschaft
Multinational Firms; International Business
Contracting Out; Joint Ventures; Technology Licensing
Firm Organization and Market Structure
Organization of Production
Organizational Behavior; Transaction Costs; Property Rights
Thema
Multinationals
Joint ventures
Technology spillovers
Distance
Horizontal and vertical investments
Ownership structure
Multinationales Unternehmen
Eigentümerstruktur
Globalisierung
Auslandsinvestition
Rentabilität
Wirtschaftsmodell

Ereignis
Geistige Schöpfung
(wer)
Mugele, Christian
Schnitzer, Monika
Ereignis
Veröffentlichung
(wer)
Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
(wo)
München
(wann)
2006

DOI
doi:10.5282/ubm/epub.893
Handle
URN
urn:nbn:de:bvb:19-epub-893-5
Letzte Aktualisierung
20.09.2024, 08:21 MESZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Mugele, Christian
  • Schnitzer, Monika
  • Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät

Entstanden

  • 2006

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