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The Costs of Shared Ownership:Evidence From International Joint Ventures
Multinational Business Joint Ventures Alliances Organizational Form Intrafirm Trade
2015/5/13
This paper analyzes the determinants of partial ownership of the foreign affiliates of U.S. multinational firms and, in particular, the marked decline in the use of joint ventures over the last 20 yea...
Using both quasi- and Precise-Regression Discontinuity designs we provide new evidence on third-party costs of technical defaults that have not been examined previously in the literature. In particula...