کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
984999 | 934402 | 2012 | 10 صفحه PDF | دانلود رایگان |

This paper empirically examines to what extent being foreign and part of a multinational affects the endogenous relation between R&D and productivity. Our findings indicate that multinationals obtain in general higher R&D returns. Also, there is a negative foreignness effect in that domestic-owned multinationals outperform foreign subsidiaries. However, these effects are somehow moderated by the institutional distance between the home and host countries. These results, obtained for a panel of UK firms, are largely consistent with a set of hypotheses derived from the institutional and international business theories.
► This study examines to what extent being foreign and part of a multinational affects the relation between R&D and productivity.
► Multinationals obtain on average higher R&D returns.
► There is a negative foreignness effect in that domestic-owned multinationals outperform foreign subsidiaries.
► The multinationality and foreignness effects are moderated by the institutional distance between the home and host countries.
Journal: Research Policy - Volume 41, Issue 3, April 2012, Pages 592–601