Innovation and foreign ownership
By: Maria Guadalupe, Olga Kuzmina, Catherine Thomas
Contributors: Kuzmina, Olga, 1986-; Thomas, Catherine; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16573; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16573.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "This paper uses a rich panel dataset of Spanish manufacturing firms (1990-2006) and a propensity score reweighting estimator to show that multinational firms acquire the most productive domestic firms, which, on acquisition, conduct more product and process innovation (simultaneously adopting new machines and organizational practices) and adopt foreign technologies, leading to higher productivity.  We propose a model of endogenous selection and innovation in heterogeneous firms that jointly explains the observed selection process and the innovation decisions.  Further, we show in the data that innovation on acquisition is associated with the increased market scale provided by the parent firm"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 3/29/2011.

Includes bibliographical references.

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