Please use this identifier to cite or link to this item:
http://hdl.handle.net/2445/116368
Title: | Which firms are involved in foreign vertical integration? [WP-IEB] |
Author: | Pelegrín Solé, Àngels Garcia-Quevedo, Jose |
Keywords: | Deslocalització industrial Integració vertical Business relocation Vertical integration |
Issue Date: | 2012 |
Publisher: | Institut d’Economia de Barcelona |
Series/Report no: | [WP E-IEB12/38] |
Abstract: | In line with the literature that considers that transaction costs, asset specificity and incomplete contracts play a key role in the “make or buy decision”, this paper seeks to discriminate the characteristics of firms that make them more or less likely to integrate their activities in a foreign country. We draw on firm level data for Spanish manufacturing firms from the Survey on Business Strategies (ESEE), which enable us to identify whether their imports are intra-firm (related party) or at arm’s-length (non-related party). Our results show that candidates for vertical integration are the most productive firms and those that receive a large share of their inputs from headquarters. We also demonstrate that international experience and product differentiation favor foregin integration even after controlling for other characteristics of the firm. |
Note: | Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions |
It is part of: | IEB Working Paper 2012/38 |
URI: | http://hdl.handle.net/2445/116368 |
Appears in Collections: | IEB (Institut d’Economia de Barcelona) – Working Papers |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
IEB12-38_Pelegrin.pdf | 533.53 kB | Adobe PDF | View/Open |
This item is licensed under a Creative Commons License