The internationalisation of firms is a salient feature of ongoing globalisation. Internationalisation has traditionally occurred through the extensions of the in-house activities of firms through foreign direct investments or other equity-based arrangements. However, the recent rapid growth of...

The internationalisation of R&D of multinational firms is an important ingredient in the ongoing trend towards globalisation. Previous research on Finnish multinationals has mainly relied on R&D expenditure data. In this paper we provide new insights into how the internationalisation of R&D of...

The global surge in strategic alliances has led observers to coin the concept ”alliance capitalism” and suggest that they amount to a new logic of international business organisation and strategy. From the viewpoint of Finland, as a small and open economy, these developments can have...

Technological change and innovation is driven by the generation and accumulation of new knowledge. However, these processes are elusive from an empirical viewpoint and economists have put a lot of effort into identifying and developing appropriate indicators to measure knowledge and its...

Nanotechnology has been touted as a general purpose technology (GPT) and engine of growth for the 21th century, following in the footsteps of ICT. Nanotechnology is still in an early phase of development, it is scientist driven and thus largely exogenous to the economy at present. In Finland the...