The DOI matches its Crossref record; 64 of the 64 references it cites were found in a registry or an index.
Innovation and Foreign Ownership
Open accessAbstract
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 explains both the observed selection patterns and the innovation decisions. Further, we show in the data that innovation upon acquisition is associated with the increased market scale provided by the parent firm.
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Cites
Absorptive Capacity: A New Perspective on Learning and Innovation
Cohen, W. M., & Levinthal, D. A. (1990) · Administrative Science Quarterly · doi:10.2307/2393553 · Cited by 35,728
The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity
Melitz, M. J. (2003) · Econometrica · doi:10.1111/1468-0262.00467 · Cited by 12,309
MONOPOLISTIC COMPETITION AND OPTIMUM PRODUCT DIVERSITY
Dixit, A., Stiglitz, J. E., Dixit, A. K., & Stiglitz, J. E. (1975) · RePEc: Research Papers in Economics · doi:10.22004/ag.econ.268957 · Cited by 7,391
The Dynamics of Productivity in the Telecommunications Equipment Industry
Olley, G. S., & Pakes, A. (1996) · Econometrica · doi:10.2307/2171831 · Cited by 7,112
(2012) · American Economic Review · doi:10.1257/aer.102.7.i · Cited by 6,810
The market for corporate control
Jensen, M. C., & Ruback, R. S. (1983) · Journal of Financial Economics · doi:10.1016/0304-405x(83)90004-1 · Cited by 4,141
Export Versus FDI with Heterogeneous Firms
Helpman, E., Melitz, M. J., & Yeaple, S. R. (2004) · American Economic Review · doi:10.1257/000282804322970814 · Cited by 4,030
Bresnahan, T. F., Brynjolfsson, E., & Hitt, L. M. (2002) · The Quarterly Journal of Economics · doi:10.1162/003355302753399526 · Cited by 3,211
Market Structure and Foreign Trade
Brander, J. A., Helpman, & Krugman (1986) · The Canadian Journal of Economics · doi:10.2307/135294 · Cited by 3,035
Nonparametric Estimation of Average Treatment Effects Under Exogeneity: A Review
Imbens, G. W. (2004) · Review of Economics and Statistics · doi:10.1162/003465304323023651 · Cited by 2,994
Research works printed but not linked: 4
- 10.2307/2669919 · doi:10.2307/2669919 · Paper page
- Dixit Avinash K, 1977, American Economic Review, 67, 297
- Guadalupe Maria, 2012, American Economic Review. http://dx.doi.org/10.1257/aer., 102, 3594, 10.1257/aer.102.7.3594 · DOI · Paper page
- 10.1016/j.jinteco.2009.05.004 · DOI · Paper page
Cited by
Syverson, C. (2011) · Journal of Economic Literature · doi:10.1257/jel.49.2.326 · Cited by 2,942
Why Do Management Practices Differ across Firms and Countries?
Bloom, N., & Van Reenen, J. (2010) · Journal of Economic Perspectives · doi:10.1257/jep.24.1.203 · Cited by 1,617
Bustos, P. (2011) · American Economic Review · doi:10.1257/aer.101.1.304 · Cited by 1,552
Americans Do IT Better: US Multinationals and the Productivity Miracle
Bloom, N., Sadun, R., & Reenen, J. V. (2012) · American Economic Review · doi:10.1257/aer.102.1.167 · Cited by 1,028
The Brain Gain of Corporate Boards: Evidence from China
GIANNETTI, M., LIAO, G., & YU, X. (2015) · The Journal of Finance · doi:10.1111/jofi.12198 · Cited by 851
Metadata
- Authors
- Guadalupe, M., Kuzmina, O., & Thomas, C.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2012-12-01
- Volume
- 102
- Issue
- 7
- Pages
- 3594-3627
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3122247001
- Cited by
- 585
- References
- 64
- FWCI
- 72.70
- Type
- journal article
- Language
- en
- Open access
- green
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
