Globalisation, Industrial Diversification and Productivity Growth in Large European R&D Companies

Michele Cincera and Julien Ravet

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

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. © 2012 Springer Science+Business Media, LLC.

Keywords: European MNEs; Globalisation; Industrial diversification; Productivity; R&D (search for similar items in EconPapers)
Date: 2013
Note: SCOPUS: ar.j
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Forthcoming
Published in: Journal of productivity analysis (2013)

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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 (2011)
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