کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
984999 934402 2012 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Multinationality, foreignness and institutional distance in the relation between R&D and productivity
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
Multinationality, foreignness and institutional distance in the relation between R&D and productivity
چکیده انگلیسی

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.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Research Policy - Volume 41, Issue 3, April 2012, Pages 592–601
نویسندگان
, ,