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External ownership and innovation in the United Kingdom

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Abstract:

This paper examines the impact of ownership and a variety of other variables on the likelihood of innovation and the presence of an R&D function within a national sample of UK defence related firms. It is shown that foreign ownership has a negative indirect impact upon innovation. Mixed support is found for the Schumpeterian approach to innovation. Involvement in export markets, technological opportunity and R&D collaboration are shown to have a positive impact on innovation.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/000368499324156

Publication date: April 1, 1999

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