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Cross‐Border Vertical Integration and Technology in Factory Asia: Evidence from Korea
The Developing Economies ( IF 1.500 ) Pub Date : 2020-05-08 , DOI: 10.1111/deve.12228
Hyunbae Chun 1 , Jung Hur 1 , Doyoung Kim 1 , Nyeong Seon Son 2
Affiliation  

Factory Asia, supply chains in Asian countries, is a center of global manufacturing. Over the last decade, Asian multinational enterprises have become a significant part of Factory Asia. In this paper, we examine the boundaries of Korean firms in Asia. More specifically, we test the predictions of property rights theory for cross‐border vertical integration, using firm‐level data from Korean multinational enterprises. In line with the theory's predictions, we find that cross‐border backward vertical integration is positively related to the R&D intensity of domestic producing industries and negatively related to those of foreign supplying industries, but only when transactions between the producing and supplying industries are large enough. These results can help us to understand how Asian multinational enterprises develop their supply chains in Asia.

中文翻译:

亚洲工厂的跨境垂直整合和技术:来自韩国的证据

亚洲工厂是亚洲国家的供应链,是全球制造业的中心。在过去的十年中,亚洲跨国企业已成为亚洲工厂的重要组成部分。在本文中,我们考察了韩国企业在亚洲的边界。更具体地说,我们使用韩国跨国企业的公司级数据检验了跨境垂直整合的产权理论的预测。根据该理论的预测,我们发现跨境向后垂直整合与国内生产产业的研发强度正相关,与国外供应产业的研发强度负相关,但前提是生产和供应业之间的交易足够大。
更新日期:2020-05-08
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