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Large firm dynamics on the Nordic-Baltic scene Implications for innovation and growth

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Author Info

  • Braunerhjelm, Pontus

    (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

  • Halldin, Torbjörn

    (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

  • Pedersen, Torben

    (Copenhagen Business School)

  • Pajarinen, Mika

    (The Research Institute of the Finnish Economy)

  • Ylä-Anttila, Pekka

    (The Research Institute of the Finnish Economy)

  • Heum, Per

    (Institute for Research in Economics and Business Administration (SNF))

  • Kalvet, Tarmo

    (Tallinn University of Technology)

Abstract

This paper investigates the role of the 30 largest firms in the respective Nordic country and in Estonia over the last decade and for some variables between 1975 to 2006. The analysis confirms that the largest firms play a critically important role for industrial dynamics in the Nordic countries. Statistics are presented with regard to e.g. ownership, the distribution of employment between home country and foreign units, internationalization, R&D, the share of overall employment and value-added, and the dynamics over time. Both firms in the manufacturing and the service sectors are included. Even though large firms differ in terms of size and industry distribution, they do still play a dominant in all Nordic countries, albeit somewhat diminished over the investigated time period. From a policy point of view it seems of vital concern for the Nordic countries to retain their increasingly foot-loose and globally oriented large firms.

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Bibliographic Info

Paper provided by Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies in its series Working Paper Series in Economics and Institutions of Innovation with number 244.

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Length: 157 pages
Date of creation: 01 Jan 2011
Date of revision:
Handle: RePEc:hhs:cesisp:0244

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Postal: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, SE-100 44 Stockholm, Sweden
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Keywords: Large firms; internationalization and industrial dynamics;

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  1. Ernst, Dieter & Kim, Linsu, 2002. "Global production networks, knowledge diffusion, and local capability formation," Research Policy, Elsevier, vol. 31(8-9), pages 1417-1429, December.
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