Heterogeneity of Property Rights Strategies in A Global Context: The Case of Genetically Modified Soybean Seeds

Abstract

The protection of property rights is a pressing strategic issue in the genetically modified soybean seed industry. Because the soybean plant is characterized by self‐reproducibility, it is essential for biotechnology firms to establish strategies of property rights appropriation. To obtain new insights into this issue, we investigate in two directions. First, we propose a model of value appropriation in which property rights strategies are influenced by the institutional conditions and the monitoring technology in a given country. Second, we analyze three cases of property rights protection with respect to soybean seeds. We then present a comparative discussion of the cases and develop some propositions based on the theoretical framework and the case studies. We conclude with a discussion of our model's managerial implications.

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