Börje Johansson, Department of Economics, Jönköping International Business School, Jönköping, Sweden, Hans Lööf, CESIS, Royal Institute of Technology, Stickholm, Sweden, Amy Rade Olsson, Royal Institute of Technology, Stockholm, Sweden
Firm location, Corporate Structure, R&D Investment, Innovation and Productivity (assigned to theme
This study elucidates the relationship between localisation of firms, corporate structure, intellectual capital and innovations.The main finding is that a greater concentration of multinational firms, human capital, T&D and universities is significantly and positive associated with research productivity. All other things equal, such as firm size, sector classification, human capital, corporate owner structure and R&D investment, the return to an invested Euro in R&D is, at the margin, greatest for firms localized to the capital of Sweden, compared to four other large regions. However, surprisingly Stockholm firms also have a lower propensity to cooperate with scientific, vertical and horisontal innovation systems. This may reflect limitations of popular survey-based information such as Community Innovation Survey data to capture spillover and the importance of informal collaborative relationships within regions.
submitted 2005-04-19 10:16:05.373
final paper
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