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Firm location, Corporate Structure, R&D Investment, Innovation and Productivity

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  • Börje Johansson

  • Hans Lööf

  • Amy Rade Olsson

Abstract

This study elucidates the relationship between localisation of firms, corporate structure, intellectual capital and innovations.The main finding is that a greater concentration of multinational firms, human capital, T&D and universities is significantly and positive associated with research productivity. All other things equal, such as firm size, sector classification, human capital, corporate owner structure and R&D investment, the return to an invested Euro in R&D is, at the margin, greatest for firms localized to the capital of Sweden, compared to four other large regions. However, surprisingly Stockholm firms also have a lower propensity to cooperate with scientific, vertical and horisontal innovation systems. This may reflect limitations of popular survey-based information such as Community Innovation Survey data to capture spillover and the importance of informal collaborative relationships within regions.

Suggested Citation

  • Börje Johansson & Hans Lööf & Amy Rade Olsson, 2005. "Firm location, Corporate Structure, R&D Investment, Innovation and Productivity," ERSA conference papers ersa05p108, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa05p108
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    Cited by:

    1. Karlsson, Charlie & Johansson, Börje, 2006. "Regional Development and Knowledge," Working Paper Series in Economics and Institutions of Innovation 76, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    2. Börje Johansson & Hans Lööf, 2011. "FDI Inflows to Sweden: Consequences for Innovation and Renewal," Chapters, in: Sameeksha Desai & Peter Nijkamp & Roger R. Stough (ed.), New Directions in Regional Economic Development, chapter 14, Edward Elgar Publishing.

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    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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