When does international knowledge connectivity of global cities attract R&D investments? The role of concentrated ownership through organizational pipelines
{"title":"When does international knowledge connectivity of global cities attract R&D investments? The role of concentrated ownership through organizational pipelines","authors":"","doi":"10.1016/j.respol.2024.105083","DOIUrl":null,"url":null,"abstract":"<div><p>We argue that the degree of concentrated ownership of international knowledge connections of a city in the hands of a small number of MNEs reduces the potential for knowledge spillovers and has a negative influence on the attractiveness of a city for new R&D investments. Ownership concentration in international knowledge connections reduces the positive influence of two complementary characteristics of international knowledge connectivity: the international connectedness (“depth”) and the geographical diversity (“breadth”) of the cities' international knowledge networks. Our analysis of the location decisions for 3235 new cross-border R&D investments made by 1599 firms distributed across 71 global cities (2003–2016) provides support for these hypotheses.</p></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":null,"pages":null},"PeriodicalIF":7.5000,"publicationDate":"2024-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research Policy","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S004873332400132X","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"MANAGEMENT","Score":null,"Total":0}
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Abstract
We argue that the degree of concentrated ownership of international knowledge connections of a city in the hands of a small number of MNEs reduces the potential for knowledge spillovers and has a negative influence on the attractiveness of a city for new R&D investments. Ownership concentration in international knowledge connections reduces the positive influence of two complementary characteristics of international knowledge connectivity: the international connectedness (“depth”) and the geographical diversity (“breadth”) of the cities' international knowledge networks. Our analysis of the location decisions for 3235 new cross-border R&D investments made by 1599 firms distributed across 71 global cities (2003–2016) provides support for these hypotheses.
期刊介绍：
Research Policy (RP) articles explore the interaction between innovation, technology, or research, and economic, social, political, and organizational processes, both empirically and theoretically. All RP papers are expected to provide insights with implications for policy or management.
Research Policy (RP) is a multidisciplinary journal focused on analyzing, understanding, and effectively addressing the challenges posed by innovation, technology, R&D, and science. This includes activities related to knowledge creation, diffusion, acquisition, and exploitation in the form of new or improved products, processes, or services, across economic, policy, management, organizational, and environmental dimensions.
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