Foreign acquisition and R&D activities: evidence from a small open economy

Hoyong Jung

Applied Economics Letters, 2021, vol. 28, issue 20, 1732-1737

Abstract: This paper examines the effect of the foreign acquisition on domestic firms’ R&D activities using a firm-level dataset. We exploit a rich dataset of South Korea, which is a representative small open economy. We find that foreign takeover leads to increased R&D expenditures, which are more outsourced. The effect stood out after the global financial crisis, for listed companies and companies that rely on trade.

Date: 2021
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DOI: 10.1080/13504851.2020.1853662

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