Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/75871
Title: Impact of foreign ownership on innovation
Authors: Díaz Díaz, Nieves Lidia 
Aguiar Díaz, Inmaculada 
De Saa Pérez, Petra 
UNESCO Clasification: 5311 Organización y dirección de empresas
Keywords: Corporate-Ownership
Firm Performance
Productivity
Investment
Spillovers
Strategies
Governance
Location
Agency
Costs
Foreign Ownership
Innovation
Ownership Structure, Multinational Enterprise
New Products
Technological Knowledge
Issue Date: 2008
Journal: European Management Review 
Abstract: On the basis of longitudinal data for a sample of 1267 Spanish industrial firms over a period of 5 years, this paper analyses the impact of foreign ownership concentration on the firm's innovation performance. To that end, the study investigates how the level of ownership affects the firm's new product development. The results reflect no significant differences between the innovation of foreign-owned firms and that of domestically owned firms. However, the results reveal that up to a certain level of foreign ownership, the lower possibility of appropriation of rents has a negative effect on innovation, while above that level of foreign ownership, the possibility of appropriating those rents increases the firm's innovation performance. European Management Review (2008) 5, 253-263. doi:10.1057/emr.2008.22
URI: http://hdl.handle.net/10553/75871
ISSN: 1740-4754
DOI: 10.1057/emr.2008.22
Source: European Management Review[ISSN 1740-4754],v. 5 (4), p. 253-263, (Invierno 2008)
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