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

Author

Listed:
  • 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.

Suggested Citation

  • Braunerhjelm, Pontus & Halldin, Torbjörn & Pedersen, Torben & Pajarinen, Mika & Ylä-Anttila, Pekka & Heum, Per & Kalvet, Tarmo, 2011. "Large firm dynamics on the Nordic-Baltic scene Implications for innovation and growth," Working Paper Series in Economics and Institutions of Innovation 244, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
  • Handle: RePEc:hhs:cesisp:0244
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    References listed on IDEAS

    as
    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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    More about this item

    Keywords

    Large firms; internationalization and industrial dynamics;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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