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Effects of foreign acquisitions on R&D and high-skill activities
Growth Analysis, Östersund, Sweden; Department of Economics, Umeå University, Umeå, Sweden.
Örebro University, Örebro University School of Business. Growth Analysis, Stockholm, Sweden.ORCID iD: 0000-0003-2575-6114
Growth Analysis, Östersund, Sweden.
2017 (English)In: Small Business Economics, ISSN 0921-898X, E-ISSN 1573-0913, Vol. 49, 163-187 p.Article in journal (Refereed) Published
Abstract [en]

Using Swedish microdata, we find no evidence for the concerns circulating in the public debate that foreign acquisitions lead to reductions in both R&D expenditures and high-skilled activities in targeted domestic firms for either MNEs or non-MNEs. Previous studies have only focused on larger firms. In this paper, we are able to study the impact on smaller firms (fewer than 50 employees), which is important because 90% of the firms acquired meet this criterion. For this group of firms, there is no information on R&D, but by using the register of educational attainment, we obtain data on the share of high skilled labor in all Swedish firms irrespective of size. Interestingly, we find that among smaller firms, foreign enterprises tend to acquire high-productive, skill-intensive firms (cherry-picking). After the acquisitions, skill upgrading appears in acquired smaller, non-MNE firms, particularly in the service sector. 

Place, publisher, year, edition, pages
Springer, 2017. Vol. 49, 163-187 p.
Keyword [en]
foreign acquisition, skill upgrading, R&D intensity, propensity score matching
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:oru:diva-58059DOI: 10.1007/s11187-016-9815-9OAI: oai:DiVA.org:oru-58059DiVA: diva2:1110270
Projects
Global value chains and the costs of structural change
Funder
Forte, Swedish Research Council for Health, Working Life and Welfare, 2012-0859
Available from: 2017-06-15 Created: 2017-06-15 Last updated: 2017-06-20Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf