Foreign Ownership, Foreign Competition and Innovation in Australian Enterprises
AbstractThis paper empirically investigates the relationship between innovative effort, measured by R&D intensity, and foreign shareholding and competition. The data set used is a sample of large Australian firms between 1994 and 1997. Previous studies have used aggregate variables to account for these international factors. The theory and analysis are extended to account for the differing attributes of separate geographic regions. The results show foreign shareholding and competition to be important influences in determining the level of innovative activity in Australia. In particular, strong evidence is found of a positive association of revenue earned in Europe and a negative association of Asian shareholdings with domestic innovation levels.
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Bibliographic InfoPaper provided by Melbourne Institute of Applied Economic and Social Research, The University of Melbourne in its series Melbourne Institute Working Paper Series with number wp2000n20.
Length: 20 pages
Date of creation: Oct 2000
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