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dc.contributor.authorBandick, Rogeren_US
dc.contributor.authorGörg, Holgeren_US
dc.contributor.authorKarpaty, Patriken_US
dc.date.accessioned2010-11-08T11:19:19Z-
dc.date.available2010-11-08T11:19:19Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/41455-
dc.description.abstractThe aim of this paper is to evaluate the causal effect of foreign acquisition on R&D intensity in targeted domestic firms. We are able to distinguish domestic multinationals and non-multinationals, which allows us to investigate the fear that the change in ownership of domestic to foreign multinationals leads to a reduction in R&D activity in the country, as headquarter activities are relocated to the new owner's home country. We use unique and rich firm level data for the Swedish manufacturing sector and different micro-econometric estimation strategies in order to control for the potential endogeneity of the acquisition dummy. Overall, our results give no support to the fears that foreign acquisition of domestic firms lead to a brain drain of R&D activity in Swedish MNEs. Rather, this paper finds robust evidence that foreign acquisitions lead to increasing R&D intensity in acquired domestic MNEs and non-MNEs.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel working paper 1651en_US
dc.subject.jelF2en_US
dc.subject.ddc330en_US
dc.subject.keywordmultinationalsen_US
dc.subject.keywordforeign acquisitionsen_US
dc.subject.keywordR&Den_US
dc.subject.stwMultinationales Unternehmenen_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwÜbernahmeen_US
dc.subject.stwIndustrielle Forschungen_US
dc.subject.stwBrain Drainen_US
dc.subject.stwSchätzungen_US
dc.subject.stwSchwedenen_US
dc.titleForeign acquisitions, domestic multinationals, and R&Den_US
dc.typeWorking Paperen_US
dc.identifier.ppn637430344en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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