Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75302
Authors: 
Nunnenkamp, Peter
Sosa Andrés, Maximiliano
Year of Publication: 
2013
Series/Report no.: 
Kiel Working Paper 1841
Abstract: 
Using count data on Indian joint ventures (JVs) and wholly owned subsidiaries (WOS), we present an empirical analysis of FDI-related ownership choices and their relation with host country characteristics and indicators of transaction costs. Our Negative Binomial regression models offer only weak support for the bargaining perspective, according to which JVs should be more likely if the host countries were particularly attractive in terms of market access or resource endowments. Geographical and cultural distance has ambiguous effects on the choice between JVs and WOS. The composition of FDI projects tends to shift toward WOS where investment risks are contained by bilateral treaties and better control of corruption.
Subjects: 
outward FDI
ownership choices
transaction costs
host country characteristics
India
JEL: 
F21
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.