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Foreign Acquisitions, Domestic Multinationals, and R&D

Roger Bandick (), Holger Görg and Patrik Karpaty ()

Scandinavian Journal of Economics, 2014, vol. 116, issue 4, 1091-1115

Abstract: Our aim in this paper is to evaluate the causal effect of foreign acquisition on research and development (R&D) intensity in targeted domestic firms. We are able to distinguish domestic multinational enterprises (MNEs) and non-MNEs, which allows us to investigate the fear that the change in ownership of domestic MNEs to foreign MNEs leads to a reduction in R&D activity in the country. Overall, our results give no support to the fears that foreign acquisition of domestic firms leads to a relocation of R&D activity in Swedish MNEs. Rather, in this paper, we find robust evidence that foreign acquisitions lead to increasing R&D intensity in acquired domestic MNEs and non-MNEs.

Date: 2014
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Related works:
Chapter: Foreign Acquisitions, Domestic Multinationals, and R&D (2016) Downloads
Working Paper: Foreign acquisitions, domestic multinationals, and R&D (2011) Downloads
Working Paper: Foreign Acquisitions, Domestic Multinationals, and R&D (2010) Downloads
Working Paper: Foreign acquisitions, domestic multinationals, and R&D (2010) Downloads
Working Paper: Foreign Acquisitions, Domestic Multinationals, and R&D (2010) Downloads
Working Paper: Foreign acquisitions, domestic multinationals, and R&D (2010) Downloads
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