This book contributes to ongoing policy discussions on the internationalisation of invation. Foreign-owned enterprises account for a rising share of national invation expenditures and have become key actors in the national invation systems of almost all OECD countries. Their new roles give rise to both hopes and concerns. The author examines the invative activities of foreign-owned enterprises in Austria, a country with a huge share of overseas R&D investment. Empirical analysis reveals that foreign-owned enterprises exhibit a superior invation performance compared to domestically owned enterprises. The performance differences, however, can be explained by factors such as firm size, sectoral affiliation, and export intensity, rather than by the ownership status. With respect to policy, the results neither confirm fears that foreign ownership could lead to an erosion of invative activity in the host country, r do they provide arguments for specific incentives to attract foreign-owned enterprises. Invation policy should instead try to foster invative capabilities of both foreign-owned and domestically owned enterprises.
The Author: Bernhard Dachs is a researcher at the Department of Technology Policy at the Austrian Research Centers - ARC, Vienna. He holds a doctoral degree in economics from the University of Bremen. His areas of expertise include the internationalisation of R&D, innovation in services, and the analysis of national and international technology policy.
Peter Lang GmbH
Date of Publication
Management & Business: General
Strukturwandel und Strukturpolitik. Structural Change and Structural Policies