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Effects of foreign acquisitions on R&D and high-skill activities
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics. Growth Analysis, Studentplan 3, 831 40 Östersund, Sweden.
2017 (English)In: Small Business Economics, ISSN 0921-898X, E-ISSN 1573-0913, Vol. 49, no 1, 163-187 p.Article in journal (Refereed) Published
Abstract [en]

Using Swedish microdata, we find no evidence for the concerns circulating in the public debate that foreign acquisitions lead to reductions in both R&D expenditures and high-skilled activities in targeted domestic firms for either MNEs or non-MNEs. Previous studies have only focused on larger firms. In this paper, we are able to study the impact on smaller firms (fewer than 50 employees), which is important because 90% of the firms acquired by foreign enterprises meet this criterion. For this group of firms, there is no information on R&D, but by using the register of educational attainment, we obtain data on the share of high-skilled labour in all Swedish firms, irrespective of size. Interestingly, we find that among smaller firms, foreign enterprises tend to acquire high-productive, skill-intensive firms (cherry-picking). After the acquisitions, skill upgrading appears in acquired smaller, non-MNE firms, particularly in the service sector.

Place, publisher, year, edition, pages
2017. Vol. 49, no 1, 163-187 p.
Keyword [en]
Foreign acquisitions, Skill upgrading, R&D intensity, Propensity score matching
National Category
Economics Business Administration
Identifiers
URN: urn:nbn:se:umu:diva-137983DOI: 10.1007/s11187-016-9815-9ISI: 000405395600009OAI: oai:DiVA.org:umu-137983DiVA: diva2:1129158
Available from: 2017-08-01 Created: 2017-08-01 Last updated: 2017-08-01Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf