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Multinationality, R&D and Productivity: Evidence from the top R&D investors worldwide

Author

Listed:
  • Castellani, Davide

    (Henley Business School)

  • Montresor, Sandro

    (Kore University of Enna)

  • Schubert, Torben

    (CIRCLE, Lund University)

  • Vezzani, Antonio

    (European Commission)

Abstract
This paper investigates the effects of multinationality on firm productivity, and contributes to the literature in two respects. First, we argue that multinationality affects productivity both directly and indirectly, through higher incentives to invest in R&D. Second, we maintain that the multinational depth and breadth have different direct effects on productivity and R&D. Using data from the top R&D investors in the world, we propose an econometric model with an R&D and a productivity equation that both depend on multinationality. We find: i) multinational depth has a positive effect on productivity, while the effect of multinational breadth is negative; ii) multinationality (along both dimensions) has a positive effect on R&D intensity, translating into an indirect positive effect on productivity; iii) the positive indirect effect is however not large enough to compensate the negative direct effect of multinational breadth.

Suggested Citation

  • Castellani, Davide & Montresor, Sandro & Schubert, Torben & Vezzani, Antonio, 2016. "Multinationality, R&D and Productivity: Evidence from the top R&D investors worldwide," Papers in Innovation Studies 2016/18, Lund University, CIRCLE - Centre for Innovation Research.
    • Handle: RePEc:hhs:lucirc:2016_018
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    5. Schubert, Torben & Baier, Elisabeth & Rammer, Christian, 2017. "Firm Capabilities, Technological Dynamism and Innovation Internationalisation – a Behavioural Approach," Papers in Innovation Studies 2017/13, Lund University, CIRCLE - Centre for Innovation Research.
    6. Leonardo A. Rocha & Denis Vieira Sarmento & Carlos Alano S. Almeida & Napiê G.A. Silva, 2020. "Spillover, public investment and innovation: the impact of public investment in R&D on business innovation," Economics Bulletin, AccessEcon, vol. 40(3), pages 2344-2360.
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    8. Davide Castellani & Mariacristina Piva & Torben Schubert & Marco Vivarelli, 2018. "The source of the US /EU Productivity Gap:Less and less effective R&D," LEM Papers Series 2018/16, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
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    10. Patricia Laurens & Pierluigi Toma & Antoine Schoen & Cinzia Daraio & Philippe Larédo, 2022. "How does Internationalisation affect the productivity of R&D activities in large innovative firms? A conditional nonparametric investigation," Post-Print hal-03840316, HAL.
    11. Schubert, Torben, 2021. "Internationalization, Product Innovation and the moderating Role of National Diversity in the Employment Base," Papers in Innovation Studies 2021/3, Lund University, CIRCLE - Centre for Innovation Research.
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    15. Zhang, Yongmin & Zhang, Zhenbang & Jin, Hanglin & Tu, Wenjun & Liu, Yingnan, 2024. "Innovation and OFDI along the Belt and Road," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
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    17. Castellani, Davide & Piva, Mariacristina & Schubert, Torben & Vivarelli, Marco, 2019. "R&D and productivity in the US and the EU: Sectoral specificities and differences in the crisis," Technological Forecasting and Social Change, Elsevier, vol. 138(C), pages 279-291.
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    20. Belderbos, René & Leten, Bart & Suzuki, Shinya, 2023. "International R&D and MNCs' innovation performance: An integrated approach," Journal of International Management, Elsevier, vol. 29(6).
    21. Torben Schubert & Elisabeth Baier & Christian Rammer, 2018. "Firm capabilities, technological dynamism and the internationalisation of innovation: A behavioural approach," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(1), pages 70-95, January.
    22. René Belderbos & Boris Lokshin & Federico Michiel, 2021. "R&D and Foreign Subsidiary Performance at or Below the Technology Frontier," Management International Review, Springer, vol. 61(6), pages 745-767, December.
    23. Leonardo Rocha Andrade & Leonardo Q. Cardenas & Fernando Dias Lopes & Fernando P. S. Oliveira & Kaio Cesar Fernandes, 2018. "The Impact of R&D Investments on Performance of Firms in Different Degrees of Proximity to the Technological Frontier," Economics Bulletin, AccessEcon, vol. 38(2), pages 1156-1170.
    24. Anderson, John & Sutherland, Dylan & Hurst, Jamie, 2024. "Measuring Chinese MNE activity: The challenge of corporate inversions and capital in transit related FDI," Research in International Business and Finance, Elsevier, vol. 70(PA).
    25. De Beule, Filip & Van Beveren, Ilke, 2019. "Sources of open innovation in foreign subsidiaries: An enriched typology," International Business Review, Elsevier, vol. 28(1), pages 135-147.

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    6. Baier , Elisabeth & Rammer , Christian & Schubert , Torben, 2013. "The Impact of Innovation Off-shoring on Organizational Adaptability," Papers in Innovation Studies 2013/44, Lund University, CIRCLE - Centre for Innovation Research.
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    More about this item

    Keywords

    Multinationality; R&D; Productivity;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F61 - International Economics - - Economic Impacts of Globalization - - - Microeconomic Impacts
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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