Trust and technology transfers
Research and development is largely done by multinationals (MNEs) that transfer technology to their foreign subsidiaries. Trustmight be an important determinant of the governance of technology transfers because trust can reduce the dependence of the subsidiary on the head quarters. We empirically in...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2017 |
| País: | España |
| Institución: | Universidad Complutense de Madrid (UCM) |
| Repositorio: | Docta Complutense |
| Idioma: | inglés |
| OAI Identifier: | oai:docta.ucm.es:20.500.14352/18842 |
| Acceso en línea: | https://hdl.handle.net/20.500.14352/18842 |
| Access Level: | acceso abierto |
| Palabra clave: | D23 L14 L24 O30 Trustworthiness Technology transfers R&D imports Heterogeneous firms. Desarrollo económico Empresas Microeconomía 5307.03 Modelos y Teorías del desarrollo Económico 5307.04 Estudios del desarrollo Económico 5311 Organización y Dirección de Empresas 5307.15 Teoría Microeconómica |
| Sumario: | Research and development is largely done by multinationals (MNEs) that transfer technology to their foreign subsidiaries. Trustmight be an important determinant of the governance of technology transfers because trust can reduce the dependence of the subsidiary on the head quarters. We empirically investigate how widely held perceptions of the trustworthiness of the host economy influence international technology transfers that subsidiaries receive from their business group or from other international providers. We use firm-level data on R&D imports from foreign subsidiaries operating in Spain for the period 2005–2012, and a Eurobarometer measure oftrust between citizens of European countries. We find that subsidiaries that belong to MNEs from countries with higher trust in Spaniards have fewer technology transfers within the business group and more from international market channels than subsidiaries from countries with lower trust in Spaniards. Our results support predictions of transaction cost economics about how technology transfers are organized. |
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