原文传递 Inventing Around and Impacts on Modes of Entry in Japan: A Cross-Country Analysis of U.S. Affiliate Sales and Licensing; Working paper
题名: Inventing Around and Impacts on Modes of Entry in Japan: A Cross-Country Analysis of U.S. Affiliate Sales and Licensing; Working paper
作者: McDaniel, C.
关键词: Foreign investments; Multinational enterprises; Licensing; Sales; Japan; Economic policy; Government policies; Businesses; Economic growth; International laws; Legal aspects; Regulations; Exports; Imports; Joint ventures; Competition
摘要: A common notion in the literature is that weak patent protection encourages internalization because it allows the firm to retain direct control over its intellectual assets by building its own subsidiary. However, inventing around may counteract this process. This patent practice which is most frequently associated with Japan allows rival firms to read laid open patent applications, and develop similar and competing products. A simple model demonstrates how inventing around can erode profits from FDI and encourage the licensing solution. This paper examines whether and how key legal and institutional features of Japans patent system affected entry mode decisions. Findings from a cross-country analysis of U.S. affiliate sales and licensing receipts over 1986-1994 suggest that inventing around may have discouraged FDI and contributed to the high level of licensing in Japan, and to a lesser extent, other countries with similar patent regimes.
总页数: 48p
报告类型: 科技报告
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