Multinationals, R&D, and productivity: evidence for UK manufacturing firms

被引：12
|
作者：
Anon Higon, Dolores [3 ,4 ]
Manjon Antolin, Miguel [1 ,2 ]
Manez, Juan A. [3 ,4 ]
机构：
[1] Univ Rovira & Virgili, Dept Econ, Reus 43204, Spain
[2] CREIP QURE, Reus 43204, Spain
[3] Univ Valencia, Dept Appl Econ 2, Valencia 46022, Spain
[4] ERI CES, Valencia, Spain
来源：
INDUSTRIAL AND CORPORATE CHANGE | 2011年 / 20卷 / 02期
关键词：
C14; D24; F23; DOMESTIC FIRMS; FOREIGN; INNOVATION; INVESTMENT; LIABILITY; IMPACT;
D O I：
10.1093/icc/dtr007
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this study, we analyze multinationality (domestic-based firms versus multinationals) and foreignness (foreign versus domestic firms) effects in the returns of R&D to productivity. We follow a two-step strategy. In the first step, we consistently estimate firm's productivity by GMM and numerically compute the sample distribution of the R&D returns. In the second step, we use stochastic dominance techniques to make inferences on the multinationality and foreignness effects. Results for a panel of UK manufacturing firms suggest that multinationality and foreignness effects operate in an opposite way: whilst the multinationality effect enhances R&D returns, the foreignness diminishes them.
引用
收藏
页码：641 / 659
页数：19
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