Purpose: The purpose of this paper is to estimate foreign direct investment (FDI) premia in the former Soviet states. Design/methodology/approach: The authors follow an empirical approach. Using Orbis data for a sample of more than 3,000 companies, the authors characterize FDI involvement and...

This paper provides original evidence about Chinese and Indian outward direct investment (ODI) in Italy. Firm-level data have been collected through survey interviews involving the whole population of Dragon and Elephant multinationals. With a response rate of 80%, we draw a detailed profile of...

This paper provides new contract-level evidence on control rights allocation in order to define what makes a joint venture. Property rights theory of the firm identifies circumstances under which joint control alleviates investment distortions due to contract incompleteness. We compare...

We revisit the evidence about firms' performance and their international status in a large sample of Italian enterprises. Three results stand out. First, firms engaging in foreign production of final goods, in addition to export activities, are more productivethan firms that only export abroad....

This paper analyses the choice of full versus shared ownership of the production affiliate made by Italian multinationals in Asia, based on an entirely new firm-level dataset, constructed by the author. The decision to internalise production, rather than relying on a local partner, is driven by...

This paper provides original evidence about Chinese Outward Direct Investments in Italy. Data have been collected at the micro level, through a multiple-choice questionnaire, designed by the author and submitted to the whole population of Dragon multinationals. With a response rate of 86%, we...