To Örebro University

oru.seÖrebro University Publications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • 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
Foreign acquisitions, domestic multinationals, and R&D
Aarhus University, Aarhus, Denmark.
Kiel Institute for the World Economy, Kiel, Germany.
Örebro University, Örebro University School of Business.ORCID iD: 0000-0002-5830-9831
2010 (English)Report (Other academic)
Abstract [en]

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.

Place, publisher, year, edition, pages
London: Centre for Economic Policy Research (CEPR) , 2010. , p. 29
Series
CEPR Discussion Paper Series ; 8081
Keywords [en]
domestic multinationals, foreign acquisition, R&D
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:oru:diva-71642OAI: oai:DiVA.org:oru-71642DiVA, id: diva2:1281133
Note

Appears also in Collection Publikationen von Forscherinnen und Forschern des Instituts für Weltwirtschaft (IfW).

Available from: 2019-01-21 Created: 2019-01-21 Last updated: 2023-04-18Bibliographically approved

Open Access in DiVA

No full text in DiVA

Authority records

Karpaty, Patrik

Search in DiVA

By author/editor
Karpaty, Patrik
By organisation
Örebro University School of Business
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar

urn-nbn

Altmetric score

urn-nbn
Total: 226 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • 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