This paper examines the impact of innovation on the performance of US business service firms. We distinguish between different levels of innovation (new-to-market and new-to-firm) in our analysis, and allow explicitly for sample selection issues. Reflecting the literature, which highlights the...

The traditional paradigm of foreign direct investment (FDI) suggests that FDI is undertaken principally to exploit some firm-specific advantage in a foreign country which provides a locational advantage to the investor. However, recent theoretical work suggests a model of FDI in which the...

This paper revisits the issue of intra-industry foreign direct investment (FDI). This issue was considered in Stephen Hymer’s early work, but was not subsequently developed,and was largely ignored in the literature for some time. Using the example of the UK, this paper traces the patterns of...