Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/202129 
Year of Publication: 
2011
Series/Report no.: 
IPTS Working Papers on Corporate R&D and Innovation No. 01/2011
Publisher: 
European Commission, Joint Research Centre (JRC), Seville
Abstract: 
This paper aims to assess the impact of both geographic and industrial diversification of economic activities on the productivity performance of large European R&D Multinational Enterprises (MNEs). Based on the worldwide subsidiaries of these firms, we measure the performance of the firms according to their level of industrial diversification and globalisation that we proxy with the presence and importance of subsidiaries in the EU, North America and Asia-Pacific regions. The sample consists of large R&D firms that represent about 80% of total European R&D. In general, the results indicate a positive impact from globalisation on firms’ R&D productivity, especially in the US, while a negative impact for industrial diversification is found.
Subjects: 
R&D
European MNEs
productivity
globalisation
industrial diversification
JEL: 
O33
Persistent Identifier of the first edition: 
ISBN: 
978-92-79-19536-5
Document Type: 
Working Paper

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