{"id":112144,"date":"2024-01-22T17:30:01","date_gmt":"2024-01-22T16:30:01","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/112144\/"},"modified":"2024-11-07T04:01:57","modified_gmt":"2024-11-07T03:01:57","slug":"effects-of-foreign-ownership-on-innovation-activities-empirical-evidence-for-12-european-countries","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/112144\/","title":{"rendered":"Effects of Foreign Ownership on Innovation Activities. Empirical Evidence for 12 European Countries"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-112144","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In the present study we investigate the relationship between foreign ownership and innovation activities using the firm-level data of the third Community Innovation Survey (CIS) covering 12 European countries. Probit estimates based on 28,000 firms observations show that foreign-owned firms are more innovative than domestic firms, particularly in the new EU member countries. However, results from the Blinder-Oaxaca decomposition of the differences in the percentage of innovating firms between foreign-owned and domestic firms reveal that the differences are mainly due to different firm characteristics rather than differences in coefficients. In particular, the dominance of foreign-owned firms in the largest firm size group is the main factor contributing to the gap in the percentage of innovators between foreign-owned firms and domestic firms. Furthermore, using the fractional logit model, we find that in the new EU member countries, foreign ownership has a positive and significant impact on the share of market novelties as well as on the share of new products in turnover. In this case, the results from the Blinder-Oaxaca decomposition analysis indicate that the ownership difference in the share of innovative sales is not due to the differences in the observed firms' characteristics.","onlinedate":"2008-11-13 01:00:00","lang":"English","publication_series":"FIW \u2013 Forschungsschwerpunkt Internationale Wirtschaft","publication_date":"20080601","publication_date_year":"","publication_date_full":false,"publication_num_pages":"36","keywords":"[\"FIW Innovation\"]","jelcodes":"[]","related_publications":"[]","pdf":331739,"zip":null,"link":"","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[81966],"research_groups":[3491],"collaboration":"","persons":[4397],"persons_data":"[{\"personId\":4397,\"personName\":\"Martin Falk\",\"organisationNames\":[]}]","clients":[61507],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Effects of Foreign Ownership on Innovation Activities. Empirical Evidence for 12 European Countries - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/112144\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Effects of Foreign Ownership on Innovation Activities. 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