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We examine the effect of foreign institutional investors on firm innovation. Using firm-level data across 26 non …-U.S. economies between 2000 and 2010, we show that foreign institutional ownership has a positive, causal effect on firm innovation …. We further explore three possible underlying mechanisms through which foreign institutions affect firm innovation …
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&D spillovers on firms' innovation activity within an integrated dynamic model. In the second step, we then estimate the impact of … firms' innovations on firms' productivity growth. Using the firm level data on innovation activity combined with firms …&D subsidies, foreign ownership and intra-sector innovation spillovers do enhance firm's ability to innovate. Second, innovations …
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We study how innovations affect increase of regional total factor productivity (TFP) as a result of productivity spillovers from foreign direct investment (FDI), and confirm the presence of phenomenon in Russian data. TFP is modeled using data envelopment analysis (DEA) with the human capital,...
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