Foreign Acquisitions, Domestic Multinationals, and R&D
Roger Bandick,
Holger Görg and
Patrik Karpaty
Chapter 4 in Multinational Enterprises and Host Country Development, 2016, pp 53-77 from World Scientific Publishing Co. Pte. Ltd.
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.
Keywords: Multinational Enterprises; Foreign Direct Investment; Spillovers; Development; Host Country (search for similar items in EconPapers)
Date: 2016
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Related works:
Journal Article: Foreign Acquisitions, Domestic Multinationals, and R&D (2014) 
Working Paper: Foreign acquisitions, domestic multinationals, and R&D (2011) 
Working Paper: Foreign Acquisitions, Domestic Multinationals, and R&D (2010) 
Working Paper: Foreign acquisitions, domestic multinationals, and R&D (2010) 
Working Paper: Foreign Acquisitions, Domestic Multinationals, and R&D (2010) 
Working Paper: Foreign acquisitions, domestic multinationals, and R&D (2010) 
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