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Firms from emerging countries such as Brazil, India, and China (BIC) are going global, and Europe is attracting around one-third of their direct outward investments. Growing internationalization constitutes an opportunity for technological catch up. In this paper we analyze BIC firms'...
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A large literature considers the interplay between mergers and acquisitions (M&A) by multinationals and innovation …, typically measured as patents. One theme that emerges is that technological similarity plays a role in which M&As occur. The … technological classifications of their patents. The first is a coarse measure of business activity and overlooks supply chains. The …
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comprehensive firm-level panel data of German multinationals, we investigate how changes in a host country’s patent protection … the ownership structure, we find that multinationals take into account the risk of intellectual property infringements and …
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