Do technology leaders deter inward R&D investments? Evidence from regional R&D location decisions in Europe

R.A. Belderbos; D. Somers

doi:10.1080/00343404.2015.1018881

Do technology leaders deter inward R&D investments? Evidence from regional R&D location decisions in Europe

R.A. Belderbos
, D. Somers^*

^*Corresponding author for this work

Organisation,Strategy & Entrepreneurship

Research output: Contribution to journal › Article › Academic › peer-review

Abstract

This paper examines the influence of local technology leaders on the attractiveness of regions for inward research and development (R&D) investments in an analysis of location choices for 196 cross-border R&D investments in EU-15 countries, 2003-08. While the strength of the regional technology cluster attracts inward R&D investments, investors are discouraged by a concentration of technology activities due to the presence of regional technology leaders. This effect occurs primarily if leaders organize their R&D in the region to reduce knowledge outflows to collocated firms - by drawing on intra-firm cross-border knowledge flows and complementary contributions of multiple R&D units.

Original language	English
Pages (from-to)	1805-1821
Number of pages	17
Journal	Regional Studies
Volume	49
Issue number	11
DOIs	https://doi.org/10.1080/00343404.2015.1018881
Publication status	Published - 2 Nov 2015

Keywords

Multinational firms
research and development (R&D)
Location choice
FOREIGN DIRECT-INVESTMENT
KNOWLEDGE SPILLOVERS
MULTINATIONAL FIRMS
UNITED-STATES
AGGLOMERATION ECONOMIES
PATENT CITATIONS
INDUSTRIAL-ORGANIZATION
GEOGRAPHIC LOCALIZATION
INNOVATION SYSTEMS
JAPANESE FIRMS

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title = "Do technology leaders deter inward R\&D investments? Evidence from regional R\&D location decisions in Europe",

abstract = "This paper examines the influence of local technology leaders on the attractiveness of regions for inward research and development (R\&D) investments in an analysis of location choices for 196 cross-border R\&D investments in EU-15 countries, 2003-08. While the strength of the regional technology cluster attracts inward R\&D investments, investors are discouraged by a concentration of technology activities due to the presence of regional technology leaders. This effect occurs primarily if leaders organize their R\&D in the region to reduce knowledge outflows to collocated firms - by drawing on intra-firm cross-border knowledge flows and complementary contributions of multiple R\&D units.",

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author = "R.A. Belderbos and D. Somers",

year = "2015",

month = nov,

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doi = "10.1080/00343404.2015.1018881",

language = "English",

volume = "49",

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journal = "Regional Studies",

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T1 - Do technology leaders deter inward R&D investments? Evidence from regional R&D location decisions in Europe

AU - Belderbos, R.A.

AU - Somers, D.

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N2 - This paper examines the influence of local technology leaders on the attractiveness of regions for inward research and development (R&D) investments in an analysis of location choices for 196 cross-border R&D investments in EU-15 countries, 2003-08. While the strength of the regional technology cluster attracts inward R&D investments, investors are discouraged by a concentration of technology activities due to the presence of regional technology leaders. This effect occurs primarily if leaders organize their R&D in the region to reduce knowledge outflows to collocated firms - by drawing on intra-firm cross-border knowledge flows and complementary contributions of multiple R&D units.

AB - This paper examines the influence of local technology leaders on the attractiveness of regions for inward research and development (R&D) investments in an analysis of location choices for 196 cross-border R&D investments in EU-15 countries, 2003-08. While the strength of the regional technology cluster attracts inward R&D investments, investors are discouraged by a concentration of technology activities due to the presence of regional technology leaders. This effect occurs primarily if leaders organize their R&D in the region to reduce knowledge outflows to collocated firms - by drawing on intra-firm cross-border knowledge flows and complementary contributions of multiple R&D units.

KW - Multinational firms

KW - research and development (R&D)

KW - Location choice

KW - FOREIGN DIRECT-INVESTMENT

KW - KNOWLEDGE SPILLOVERS

KW - MULTINATIONAL FIRMS

KW - UNITED-STATES

KW - AGGLOMERATION ECONOMIES

KW - PATENT CITATIONS

KW - INDUSTRIAL-ORGANIZATION

KW - GEOGRAPHIC LOCALIZATION

KW - INNOVATION SYSTEMS

KW - JAPANESE FIRMS

U2 - 10.1080/00343404.2015.1018881

DO - 10.1080/00343404.2015.1018881

M3 - Article

SN - 0034-3404

VL - 49

SP - 1805

EP - 1821

JO - Regional Studies

JF - Regional Studies

IS - 11

ER -

Do technology leaders deter inward R&D investments? Evidence from regional R&D location decisions in Europe

Abstract

Keywords

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