Transnational Corporations as the Driving Forces Behind the World’s Research and Development Activity in Terms of R&D Expenditure
Journal Title: Journal of Management and Financial Sciences - Year 2017, Vol 28, Issue 2
Abstract
As discussed in the literature, more and more transnational corporations (TNCs) were attaching importance to research and development (R&D) activity from the 1970s through the 2000s. This growing involvement of TNCs in R&D resulted in their dominant role in global R&D expenditure. Indeed, a comparative analysis of financial data collected for the group of the 102 largest corporate R&D spenders worldwide in 2007 showed that this group of TNCs accounted for a significant share of the world’s R&D expenditure not only in 2007 alone but also in the period of 2000–2011. Moreover, a similarity between their home countries and the countries being top R&D spenders was found; however, most of these corporations were conducting their R&D at international level. Furthermore, the analysed TNCs operated mostly in technology-intensive industries, for which the foundations were provided by a multidisciplinary science and technology basis.
Authors and Affiliations
Kamil M. Kraj
Keywords
Related Articles
- EP ID EP249299
- DOI -
- Views 117
- Downloads 0
Determinants of Network Organisations Creation. Selected Results of Empirical Research
The strategies of modern companies deal with their independent development but the concepts which make use of connections and partnership cooperation with other entities are gaining more significance. Cooperation may bec...
Modelling corporate credit risk
The main goal of this paper is to present a credit value at risk (CVaR) approach to credit risk evaluation in a corporate segment. This method is a derivation of value at risk quantile risk measure used broadly in practi...
Role of Virtual Platform Operators in Transforming Consumer Goods Market
Consumer goods market has evolved in recent four decades together with the dissemination of digital technologies and development of e-commerce. Practices based on human intelligence that solidified over ages are nowadays...
Homo Oeconomicus Versus Homo Ethicus
The aim of this paper is to show the conflict between a traditional paradigm of homo oeconomicus and a new approach to finance – homo ethicus. The authors present the concept of rationality in economics, then show the im...
A study of corporate performance factors
The aim of this article is to find out what factors influence the performance of the company. There have already been a vast numbers of studies conducted about the success factors that are common to companies performing...