When does international knowledge connectivity of global cities attract R&D investments? The role of concentrated ownership through organizational pipelines

Rene Belderbos, Geon Ho Lee, Ram Mudambi, Helen S. Du and Dieter Somers

Research Policy, 2024, vol. 53, issue 9

Abstract: We argue that the degree of concentrated ownership of international knowledge connections of a city in the hands of a small number of MNEs reduces the potential for knowledge spillovers and has a negative influence on the attractiveness of a city for new R&D investments. Ownership concentration in international knowledge connections reduces the positive influence of two complementary characteristics of international knowledge connectivity: the international connectedness (“depth”) and the geographical diversity (“breadth”) of the cities' international knowledge networks. Our analysis of the location decisions for 3235 new cross-border R&D investments made by 1599 firms distributed across 71 global cities (2003–2016) provides support for these hypotheses.

Keywords: R&D; Knowledge connectivity; Global cities; Location decisions (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:53:y:2024:i:9:s004873332400132x

DOI: 10.1016/j.respol.2024.105083

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