| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8081 |
| DP8081 Foreign Acquisitions, Domestic Multinationals, and R&D | |
| Holger Görg; Roger Bandick; Patrik Karpaty | |
| 发表日期 | 2010-10-24 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | The aim of this paper is to evaluate the causal effect of foreign acquisition on R&D intensity in targeted domestic firms. We are able to distinguish domestic multinationals and non-multinationals, which allows us to investigate the fear that the change in ownership of domestic to foreign multinationals leads to a reduction in R&D activity in the country, as headquarter activities are relocated to the new owner?s home country. We use unique and rich firm level data for the Swedish manufacturing sector and different micro-econometric estimation strategies in order to control for the potential endogeneity of the acquisition dummy. Overall, our results give no support to the fears that foreign acquisition of domestic firms lead to a brain drain of R&D activity in Swedish MNEs. Rather, this paper finds robust evidence that foreign acquisitions lead to increasing R&D intensity in acquired domestic MNEs and non-MNEs. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Domestic multinationals Foreign acquisition R&d |
| URL | https://cepr.org/publications/dp8081 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536918 |
| 推荐引用方式 GB/T 7714 | Holger Görg,Roger Bandick,Patrik Karpaty. DP8081 Foreign Acquisitions, Domestic Multinationals, and R&D. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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