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This paper examines the role of contracting institutions on a multinational firm's optimal ownership strategy. We develop a model in which both a multinational firm and its local joint venture partner can ex post engage in costly rent-seeking actions to increase their ex ante agreed upon revenue...
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, human behavior, Corporate Governance and Strategic Decision-Making – such as the Board-Alliance Theory, the Board-JV Theory …; the Board-Divergence Theory; the Independence Divergence Theory; the “Board Improvement Framework”; the “Corporations … Model Improvement Framework”; the “Corporations Model Risk Theory”; the Trade-Contingent Governance Divergence Theory; and …
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