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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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This chapter reviews the state of the international trade literature on multinational firms. This literature addresses three main questions. First, why do some firms operate in more than one country while others do not? Second, what determines in which countries production facilities are...
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