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Title: Multinational ownership and R&D intensity: The role of external knowledge sources and spillovers
Authors: De Beule, Filip
Van Beveren, Ilke
Issue Date: 2013
Publisher: Academic Conferences and Publishing International Limited
Host Document: Abstracts of papers presented at the 8th European conference on innovation and entrepreneurship (ECIE2013) vol:2 pages:97-97
Conference: European Conference on Innovation and Entrepreneurship edition:8 location:Brussels, Belgium date:19-20 September 2013
Abstract: This paper analyzes the drivers of multinational affiliates' R&D intensity, using a unique dataset based on the fourth Community Innovation Survey for Belgium. Specifically, we investigate the role of foreign affiliates' local (host country) embeddedness and of host country spillovers on foreign affiliates' research efforts. Our findings show that foreign affiliates who are able to tap into local knowledge sources demonstrate a higher research intensity, compared to firms lacking such access. Links to clients and public research institutions, in particular, have a powerful impetus on the research effort by foreign subsidiaries. Our findings suggest a complementary relationship between foreign firms' R&D intensity and the internal research efforts of their competitors as a result of demonstration effects, while the use of external R&D by competitors has a negative impact on the research effort of foreign affiliates as a result of technological spillovers. Our findings have important policy implications, especially in terms of the high dependency of the Belgian economy on foreign R&D. One way to attain the R&D intensity put forward by the Lisbon agenda would be to increase public expenditure on research and development, which would also indirectly increase the research intensity of (foreign) firms.
ISBN: 978-1-909507-61-6
Publication status: published
KU Leuven publication type: IMa
Appears in Collections:LICOS - Centre for Institutions and Economic Performance, Leuven
Research Center of Monetary and Information Economics, Leuven
Department of International Business, Strategy and Economics (IBSE), Campus Carolus Antwerp
Faculty of Economics and Business (FEB) - miscellaneous

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