haku: @author Denekamp, J. / yhteensä: 1
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Tekijä: | Denekamp, J. |
Otsikko: | Intangible assets, internalization and foreign direct investment in manufacturing |
Lehti: | Journal of International Business Studies
1995 : THIRD QUARTER, VOL. 26:3, p. 493-504 |
Asiasana: | MANUFACTURING ASSETS FOREIGN INVESTMENT |
Kieli: | eng |
Tiivistelmä: | This study provides strong empirical evidence in support of the intangible assets model of foreign direct investment. The percentage of lawyers in total employment is introduced as a proxy for the internalization advantage that is associated with the presence of intangible assets. Legal intensity is shown to be directly related to the level of U.S. foreign direct investment abroad for sixty-one manufacturing industries from 1982-1989. Rather than target a specific source of intangible assets, this study introduces a legal intensity variable to proxy for the relative level of contracting difficulty in an industry. |
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