Multinationality, R&D and Productivity Evidence on the top R&D spenders
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Multinationality, R&D and Productivity Evidence on the top R&D spenders External Seminar Series As part of our External Seminar series in which academics present their work to NIESR staff and special guests, on Thursday 22nd January we will have Davide Castellani (Professor of Applied Economics, University of Perugia) discussing work he did on the relationship between multinationality and performance, and we would love for you to attend. This paper provides new conceptualization and empirical evidence into the relationship between multinationality and performance (M-P). On the one hand, the author argues that the increased organizational complexity which may be associated with (but not caused by) multinationality, creates endogeneity issues that need to be explicitly modelled. On the other hand, he introduces R&D more carefully into the M-P relationship than simply as a moderating factor. In particular, he explicitly recognizes that multinationality does not only have a direct effect on performance, but it also increases the incentives to invest in R&D. Thus, multinationality can have an indirect effect on performance, through R&D. Using a large sample of top R&D spenders in the World, and referring to productivity as a measure of performance, he shows that (i) a positive impact of multinationality emerges only once endogeneity is accounted for; (ii) there is sizable indirect effect of multinationality on productivity, channelled through an higher incentive to invest in R&D.
To RSVP and for Seminar Enquiries: Email: l.pieri [at] niesr.ac.uk Tel: 020 7654 1931
Speaker: Davide Castellani (University of Perugia) Time: 12.00pm-1.15pm, followed by a light lunch Venue: NIESR, 2 Dean Trench St, Smith Square, London SW1P 3HE |
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Seats will be allocated on a first-come-first-served basis so please arrive early to avoid disappointment. However, if you make a late decision to attend, you are welcome to turn up without prior notification |