External ownership and innovation in the United Kingdom
Authors: Bishop, Paul; Wiseman, Nick
Source: Applied Economics, Volume 31, Number 4, 1 April 1999 , pp. 443-450(8)
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
Publication date: April 1, 1999