Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/41455 
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dc.contributor.authorBandick, Rogeren
dc.contributor.authorGörg, Holgeren
dc.contributor.authorKarpaty, Patriken
dc.date.accessioned2010-11-08T11:19:19Z-
dc.date.available2010-11-08T11:19:19Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1651en
dc.subject.jelF2en
dc.subject.ddc330en
dc.subject.keywordmultinationalsen
dc.subject.keywordforeign acquisitionsen
dc.subject.keywordR&Den
dc.subject.stwMultinationales Unternehmenen
dc.subject.stwDirektinvestitionen
dc.subject.stwÜbernahmeen
dc.subject.stwIndustrielle Forschungen
dc.subject.stwBrain Drainen
dc.subject.stwSchätzungen
dc.subject.stwSchwedenen
dc.titleForeign acquisitions, domestic multinationals, and R&D-
dc.typeWorking Paperen
dc.identifier.ppn637430344en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1651en

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