Do Firms Earn Rents from the Intangible Assets of Their Owners? Institution-Based Insights from the Energy Sector.

The article delves into how firms in the energy sector in Europe can earn economic rents from intangible assets, specifically firm-owned intangible assets (FIAs) and owner organizations' intangible assets (OIAs). It highlights the influence of institutional quality on rent creation, showing that FIAs benefit from higher quality institutions while OIAs are negatively affected. The study also emphasizes the advantage of OIAs in multiple-ownership settings, particularly in countries with better institutional quality. Overall, the research contributes to understanding how different types of intangible assets generate rents for firms and how institutional context shapes this process, with a focus on international business and corporate governance in emerging economies like China. [Extracted from the article]