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| Ono, Hiroshi; Nakazato, Takuya; Davis, Colin; Alley, Wilson. |
| The end of the 1990’s saw a number of foreign automobile manufacturers become the largest shareholders in several Japanese automobile manufacturers. It seems logical to conclude that a firm only enters into a partial ownership arrangement (POA) if it is profit maximizing. However, research to date has treated POAs as if exogenous to the model. This paper develops a model that assumes POAs are determined endogenously. Data for the Japanese automobile industry are then used to investigate the factors that determine whether a firm enters into a POA, and the effects a POA has on the price-cost margin. The findings of this paper suggest that while both foreign and domestic firms take an interest in product mix when exploring POAs in the Japanese market, they... |
| Tipo: Journal Article |
Palavras-chave: Partial ownership arrangements; Price-cost margin; Technology transfers; L0; L6. |
| Ano: 2004 |
URL: http://purl.umn.edu/43555 |
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