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Accumulating Technological Competence: Its Changing Impact on Corporate Diversification and Internationalization

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  • Cantwell, John
  • Piscitello, Lucia

Abstract

Recent studies have suggested that firm-specific technological competence may be diversified and internationalized. We show that increases in competence increased corporate technological diversification until the early 1970s, and then again more recently. However, a new interrelationship has now emerged between the accumulation, diversification and internationalization of technological competence, due to the formation of internationally integrated networks within firms. The empirical analysis consists of a dynamic cross-section model applied to the corporate patenting in the US, of 166 of the largest European and US industrial firms from 1901 to 1995. Copyright 2000 by Oxford University Press.

Suggested Citation

  • Cantwell, John & Piscitello, Lucia, 2000. "Accumulating Technological Competence: Its Changing Impact on Corporate Diversification and Internationalization," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 9(1), pages 21-51, March.
    • Handle: RePEc:oup:indcch:v:9:y:2000:i:1:p:21-51
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