Intellectual Property Protection and Degree of Ownership of Emerging-market Multinational Enterprises: The Moderating Role of Home-country Government Support

IF 2.3 Q3 BUSINESS

Global Business Review Pub Date : 2024-08-17 DOI:10.1177/09721509241263158

Larissa Cristina Ribeiro e Souza, Juciara Nunes de Alcântara, Cristina Lelis Leal Calegario

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Abstract

In this article, we aimed to investigate the influence of the distance of intellectual property protection (IPP) between the home and host countries in the degree of ownership of subsidiaries of emerging-market multinational enterprises (EMNEs) and the moderating role of the financial support of the home-country government in the relationship between the IPP distance and the degree of ownership. We applied a binominal panel probit model to analyze data from 296 subsidiaries of 32 Brazilian multinationals in 40 host countries during the period 2006–2015. The results indicate that Brazilian multinationals tend to opt for full ownership in host countries with a positive IPP distance and that this tendency is maintained with financial support from the home-country government. The results support the importance of formal institutions to EMNEs’ strategic decisions and contribute to the discussion of the importance of IPP for international business. This study seeks to contribute to the literature by analysing the link between the degree of ownership of EMNEs and the distance of IPP between the home country and the host countries, an under-analysed topic. In addition, the present study also contributes to the advancement of research on EMNEs by examining the Latin American context.

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新兴市场跨国企业的知识产权保护与所有权程度：母国政府支持的调节作用

本文旨在研究母国与东道国之间的知识产权保护距离对新兴市场跨国企业（EMNEs）子公司所有权程度的影响，以及母国政府的财政支持在知识产权保护距离与所有权程度之间关系中的调节作用。我们采用二项式面板 probit 模型分析了 2006-2015 年间 32 家巴西跨国企业在 40 个东道国的 296 家子公司的数据。结果表明，巴西跨国公司倾向于在 IPP 距离为正的东道国选择完全所有权，并且这种倾向在母国政府的财政支持下得以保持。研究结果支持了正规机构对新兴市场国家战略决策的重要性，并有助于讨论 IPP 对国际商业的重要性。本研究试图通过分析新兴市场企业的所有权程度与母国和东道国之间 IPP 距离之间的联系（这是一个未得到充分分析的课题），为相关文献做出贡献。此外，本研究还通过考察拉丁美洲的情况，为推动有关新兴市场企业的研究做出了贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Global Business Review BUSINESS-

CiteScore

7.10

自引率

12.50%

发文量

107

期刊介绍： Global Business Review is designed to be a forum for the wider dissemination of current management and business practice and research drawn from around the globe but with an emphasis on Asian and Indian perspectives. An important feature is its cross-cultural and comparative approach. Multidisciplinary in nature and with a strong practical orientation, this refereed journal publishes surveys relating to and report significant developments in management practice drawn from business/commerce, the public and the private sector, and non-profit organisations. The journal also publishes articles which provide practical insights on doing business in India/Asia from local and global and macro and micro perspectives.