share of sales from product innovations is not significantly affected by a foreign takeover for a given amount of innovation …This paper contributes to the ongoing debate on the welfare effects of foreign direct investment by investigating the … selection bias, it is found that foreign takeovers have a large negative impact on the propensity to perform innovation …

display a higher rate of domestic expenditures for research and development. After controlling for endogeneity of foreign … those of Greenfield foreign direct investments and domestic M&As. -- Multinational enterprises ; mergers and acquisitions …