Globalisation, industrial diversification and productivity growth in large European R&D companies

Michele Cincera and Julien Ravet ()
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Julien Ravet: Solvay Brussels School of Economics and Management, Université Libre de Bruxelles

No 2011-01, JRC Working Papers on Corporate R&D and Innovation from Joint Research Centre

Abstract: This paper aims to assess the impact of both geographic and industrial diversification of economic activities on the productivity performance of large European R&D Multinational Enterprises (MNEs). Based on the worldwide subsidiaries of these firms, we measure the performance of the firms according to their level of industrial diversification and globalisation that we proxy with the presence and importance of subsidiaries in the EU, North America and Asia-Pacific regions. The sample consists of large R&D firms that represent about 80% of total European R&D. In general, the results indicate a positive impact from globalisation on firms R&D productivity, especially in the US, while a negative impact for industrial diversification is found.

Keywords: R&D; European MNEs; productivity; globalisation; industrial diversification (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2011-03
New Economics Papers: this item is included in nep-cse, nep-eff, nep-eur, nep-ino and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://publications.jrc.ec.europa.eu/repository/handle/JRC63525 (application/pdf)

Related works:
Journal Article: Globalisation, industrial diversification and productivity growth in large European R&D companies (2014)
Working Paper: Globalisation, Industrial Diversification and Productivity Growth in Large European R&D Companies (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:wpaper:201101

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