20.500.12556/RUL-148216 Intellectual property and the organization of the global value chain This paper highlights the role of intangible assets in a property rights model of firm organization with sequential production. Empirical evidence based on foreign direct investment and transaction-level trade data of Slovenian firms reveals that the strength of intellectual property rights (IPR) protection in the supplier's location affects firms' organizational choices whenever supplier investments are sequential complements. In this case, when a firm must transmit know-how to each supplier, and more knowledge is accrued as production moves downstream, better IPR institutions lead to lower incidence of vertical integration over outsourcing, principally at more downstream stages. On the other hand, the organizational choice is far less responsive to IPR protection for sequential substitutes. Moreover, we show that improving IPR and contracting institutions (e.g. rule of law) may have the opposite effect on firm boundaries. Our findings conform with a property rights model in which the quality of the IPR regime governs knowledge transmission along the supply chain, ultimately driving firm organization through the suppliers' incentive structure. organization values intelectual property organizacija vrednote intelektualna lastnina true false true Angleški jezik Slovenski jezik Članek v reviji 2023-08-02 13:58:01 2023-08-02 14:06:28 2023-08-03 03:34:23 0000-00-00 00:00:00 2023 0 0 Str. 707-745 iss. 359 Vol. 90 Jun. 2023 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 658 0013-0427 10.1111/ecca.12469 147611651 Intellectual_property_and_the_organization_of_the_global_value_chain.pdf Intellectual_property_and_the_organization_of_the_global_value_chain.pdf 1 322BAB240BF18594BE21171BD4C65A24 8c08f9b7a7476a576c41076480d930c936b8a2f1d60f2fd59a7d6b224821e991 ae2f5d4f-312c-11ee-aeaf-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=172249 https://onlinelibrary.wiley.com/doi/10.1111/ecca.12469 0 b3ee67ae-312c-11ee-aeaf-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=172250 Ekonomska fakulteta 0 0 0