Abstract
Data from the Benchmark Surveys of the Commerce Department show the beginning of a global liberalization in government restrictions on foreign equity in the 1980s. This was manifested in a small but unmistakable across-the-board reduction in the share of 50-50 and minority affiliates out of all U.S. affiliates in a country. Across countries there remains a huge variation in this proportion, and the second part of the paper seeks to statistically explain this variation in a cross-sectional regression analysis.
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*Dr. Farok J. Contractor teaches at the Graduate School of Management at Rutgers University. His research has involved agreement-based and cooperative modes of international business such as joint ventures and inter-firm technology transfers; recently he has been examining the role of government policies in affecting patterns of direct investment.
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Contractor, F. Ownership Patterns of U.S. Joint Ventures Abroad and the Liberalization of Foreign Government Regulations in the 1980s: Evidence from the Benchmark Surveys. J Int Bus Stud 21, 55–73 (1990). https://doi.org/10.1057/palgrave.jibs.8490327
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DOI: https://doi.org/10.1057/palgrave.jibs.8490327