Sanna-Randaccio, Francesca; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 2002
This Paper provides a theoretical model on the trade-offs an MNE face when assigning subsidiaries an active role in innovation and organizing its R&D decentralized versus centralized. R&D decentralization avoids having to adapt centrally developed innovations to local markets, being able to use...