Partnering with Leviathan: The politics of innovation in foreign-host-state joint ventures

Forming international joint ventures (IJVs) with political institutions in emerging economies involves both benefits and risks for multinational enterprises (MNEs). While political partners can provide IJVs with various resources, their political status equips them with a strong position to appropriate rents in IJVs. We address this tension by examining how host state ownership affects both innovation inputs and outputs in China-based IJVs over...