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Large Corporations in the Finnish Economy

Author

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  • Pajarinen, Mika
  • Ylä-Anttila, Pekka

Abstract

This paper is a part of larger research project on the role of the 30 largest firms in the Nordic countries. By examining the changes in the role of top 30 firms in the Finnish economy we aim to reveal some essential features of the structural transformation in the economy. From the national economy point of view these firms are in a crucial position. Almost all of them are multinationals, operate in several countries, and make influential decisions on trade and location of production. The analysis suggests that top 30 firms account for a substantial portion of business sector employment and value added in Finland. Moreover, the role of these large companies is particularly significant in foreign direct investment and in research and development. Our data however indicate that their role in the Finnish economy in terms of output and employment shares seems to have decreased during the recent decades. Yet, it is an open question to what extent large firms have reorganized their operations in such a way that they do not directly show up in their own output and employment data.

Suggested Citation

  • Pajarinen, Mika & Ylä-Anttila, Pekka, 2008. "Large Corporations in the Finnish Economy," Discussion Papers 1138, The Research Institute of the Finnish Economy.
    • Handle: RePEc:rif:dpaper:1138
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    File URL: http://www.etla.fi/wp-content/uploads/2012/09/dp1138.pdf
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    References listed on IDEAS

    as
    1. Hyytinen, Ari & Pajarinen, Mika (ed.), . "Financial Systems and Firm Performance. Theoretical and Empirical Perspectives," ETLA B, The Research Institute of the Finnish Economy, number 200.
    2. Braunerhjem, Pontus & Heum, Per & Ylä-Anttila, Pekka, 1996. "Internationalization of Industrial Firms. Implications for growth and industrial structure in the Nordic countries," Discussion Papers 551, The Research Institute of the Finnish Economy.
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    Citations

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    Cited by:

    1. Kimmo Viljamaa & Janne Lehenkari & Tarmo Lemola, 2009. "ERAWATCH Country Report 2008 - An Assessment of Research System and Policies: Finland," JRC Research Reports JRC50885, Joint Research Centre.
    2. Kimmo Viljamaa & Henri Lahtinen, 2012. "Erawatch Country Reports 2011: Finland," JRC Research Reports JRC77942, Joint Research Centre.
    3. Kimmo Viljamaa & Tarmo Lemola, 2009. "ERAWATCH Country Reports 2009: Finland. Analysis of policy mixes to foster R&D investment and to contribute to the ERA," JRC Research Reports JRC53689, Joint Research Centre.
    4. Lundan, Sarianna & Tolvanen, Juha, 2008. "Regional and Global Patterns of Internationalisation of Finnish MNEs," Discussion Papers 1170, The Research Institute of the Finnish Economy.

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    More about this item

    Keywords

    multinational firms; international business; structural change;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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