Firm location, corporate structure, R&D investment, innovation and productivity
2005 (English)Conference paper (Refereed)
This study elucidates how firm characteristics, innovation-system collaboration, market extension andfirm location influence economic performance, innovation efforts and innovation output. Firmcharacteristics include corporate structure, size, capital and knowledge assets, R&D persistence etc.The location variable separates Sweden into five areas, one of which is the Stockholm metropolitanregion. The study is based on 2,083 Community Innovation Survey firm level observations forSweden. The first stage of the empirical analysis shows that the propensity to be an innovative firm(making innovation efforts) is an increasing function of size, profitability, human capital, andextensive markets. For the subgroup of innovative firms, return to product innovations is positivelyrelated to location in the Stockholm region, multinational firms, R&D investment and persistence, andnegatively related to firm size. For the same subgroup, total sales per employee follow a similarpattern, but value added per employee does not. The paper also reports about firms’ R&D investment,external collaboration on innovation, and non-imitation innovations across the same regions. Theresults suggest that a firm’s R&D- embeddedness in scientific, horizontal and vertical innovationsystems is primarily determined by its corporate structure, not geographic location.
Place, publisher, year, edition, pages
Regional economy, multinational companies, R&D, innovation, innovation system
IdentifiersURN: urn:nbn:se:kth:diva-67299OAI: oai:DiVA.org:kth-67299DiVA: diva2:484799
45th Congress of the European Regional Science Association. Vrije Universiteit Amsterdam. 23-27 August 2005
QC 201201302012-01-272012-01-272012-01-30Bibliographically approved