It has long been recognized that R&D plays a key role in the global battle for technological leadership. However, due to intense competition and rivals' imitations, firms are not always able to reap rewards from their innovations. Mario Kafouros theoretically and empirically examines the impacts...

In this seminal book, a distinguished group of experts pinpoint and rigorously analyse central topics in international business research. This volume will become a major reference tool for understanding the economics of multinational enterprise. The emphasis throughout is on a new dynamic...