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The Prevalence of Equity and Non-equity Cross-border Linkages: Japanese Investments and Alliances in the United States.
- Source :
- Organization Studies; 2002, Vol. 23 Issue 5, p759-780, 22p, 3 Charts
- Publication Year :
- 2002
-
Abstract
- Using complementary theories derived from the foreign-entry mode and alliance literatures and two databases on Japanese/US alliances and investments, this study examines the prevalence--a combination of formation and termination--of the full range of investment and cross-border linkage alternatives available to firms. We find that some combinations among the administrative forms, the knowledge flow intent between the partners, and industry-related technology and risk factors were more prevalent than others. Specifically, there were three prevalent combinations consistent with the notions of production efficiency, transaction cost efficiency and learning/adaptation: (1) wholly owned subsidies in low R&D-intense industries with the intent of unidirectional knowledge flow; (2) joint ventures in medium R&D-intense industries with reciprocal knowledge flows; and (3) technical agreements with reciprocal knowledge flows in high-tech industries. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01708406
- Volume :
- 23
- Issue :
- 5
- Database :
- Complementary Index
- Journal :
- Organization Studies
- Publication Type :
- Academic Journal
- Accession number :
- 9003733
- Full Text :
- https://doi.org/10.1177/0170840602235004