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Foreign acquisitions, domestic multinationals, and R&D
Aarhus University, Aarhus V, Denmark.
Kiel Institute for the World Economy, Kiel, Germany.
Örebro University, Örebro, Sweden.
2014 (English)In: Scandinavian Journal of Economics, ISSN 0347-0520, E-ISSN 1467-9442, Vol. 116, no 4, 1091-1115 p.Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
Wiley-Blackwell, 2014. Vol. 116, no 4, 1091-1115 p.
Keyword [en]
Foreign acquisitions; multinational firms; R&D; F23; L10
National Category
URN: urn:nbn:se:liu:diva-114793DOI: 10.1111/sjoe.12071OAI: diva2:792477
Available from: 2015-03-04 Created: 2015-03-04 Last updated: 2016-02-17Bibliographically approved

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Bandick, Roger
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