This book examines the issue of mergers and acquisitions (M&As) in the context of technological development, and in particular the impact of M&As on the innovation process. In so doing, the book integrates two bodies of literature, on M&As, and on innovation studies, a nexus which the editors...

This paper examines the evolution since 1969 of the industrial structure of local technological development by US-owned multinational enterprises (MNEs) in the UK, by comparison with UK-owned MNEs in the US. The data used are the patents granted in the US to the largest US-owned and UK-owned...

The distinguished authors in this volume address the fundamental causes for such heterogeneous international experiences, placing particular emphasis on the role of institutions. They demonstrate how the study of economic development is increasingly linked to the development of institutions,...

This paper reexamines two hypotheses associated with earlier versions of the product cycle model. The first hypothesis, that innovations are almost always located in the home country of the parent company, is rejected on the basis of evidence drawn from one hundred years of U.S. Patent Office...

In the new ICT-based paradigm MNCs have increasingly locationally dispersed competence-creating activities. Using patent data granted in the US to the largest European-owned electronic corporations and all the largest companies in other industries for their ICT research in the European regions,...

It is argued that the firm is the principal source of innovation and growth, a device for the establishment of technological competence, and for its continued development over time. Markets, products and background knowledge may change quite dramatically over time. Yet as a result of the...

Economic globalisation and the subsequent growth of global and alliance capitalism have fundamentally affected the way in which MNC activities are undertaken and organised. The various contributions to this special issue have evaluated the eclectic paradigm in the global economy, and its...

Recent studies have suggested that firm-specific technological competence may be diversified and internationalized. We show that increases in competence increased corporate technological diversification until the early 1970s, and then again more recently. However, a new interrelationship has now...