Foreign direct investment and intellectual property rights: evidence from Hollywood's global distribution of movies and videos

• 成果类型: Article
• 署名作者: McCalman, P
• 署名单位: University of California System; University of California Santa Cruz
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2003.06.002
• 发表日期: 2004
• 页码: 107-123
• 关键词: foreign direct investment; Intellectual property rights; Firm-level data; Hollywood; Governance structure

摘要

Traditional thinking about intellectual property rights (IPR) suggests that as a country strengthens its IPR standards, firms will move their governance structures away from equity based institutions such as foreign direct investment (FDI) towards more market-based relations such as licensing agreements. This hypothesis is explored by examining the behavior of Hollywood studios in both the feature film and video markets in 40 foreign countries. The analysis reveals that the behavior of Hollywood studios is more complex than this: although moderate IPRs are associated with a high degree of licensing, both high and low standards of IPR encourage more integrated governance structures. (C) 2003 Elsevier B.V. All rights reserved.