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Technology Collaboration and Foreign Equity Participation: A Theoretical Analysis
Author(s) -
Marjit Sugata,
Mukherjee Arijit
Publication year - 1998
Publication title -
review of international economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.513
H-Index - 58
eISSN - 1467-9396
pISSN - 0965-7576
DOI - 10.1111/1467-9396.00093
Subject(s) - multinational corporation , technology transfer , equity (law) , developing country , business , industrial organization , economics , international trade , international economics , economic growth , finance , political science , law
Technology transfer to the developing nations has been predominantly characterized by technology collaborations between the multinationals and the local firms of these developing countries. When a multinational offers a new technology to a local firm, the firms may have different perceptions regarding the success rate of the technology in the local conditions. This paper discusses various types of contractual arrangements with equity participation by the multinational, which dominate pure technology collaboration agreements.