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Trust and technology transfers

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García Vega, María and Huergo, Elena (2017) Trust and technology transfers. Journal of Economic Behavior and Organization, 142 . pp. 92-104. ISSN 0167-2681

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Official URL: http://dx.doi.org/10.1016/j.jebo.2017.07.029



Abstract

Research and development is largely done by multinationals (MNEs) that transfer technology to their foreign subsidiaries. Trustmight be an important determinant of the governance of technology transfers because trust can reduce the dependence of the subsidiary on the head quarters. We empirically investigate how widely held perceptions of the trustworthiness of the host economy influence international technology transfers that subsidiaries receive from their business group or from other international providers. We use firm-level data on R&D imports from foreign subsidiaries operating in Spain for the period 2005–2012, and a Eurobarometer measure oftrust between citizens of European countries. We find that subsidiaries that belong to MNEs from countries with higher trust in Spaniards have fewer technology transfers within the business group and more from international market channels than subsidiaries from countries with lower trust in Spaniards. Our results support predictions of transaction cost economics about how technology transfers are organized.


Item Type:Article
Uncontrolled Keywords:Trustworthiness; Technology transfers; R&D imports; Heterogeneous firms.
Subjects:Social sciences > Economics > Economic development
Social sciences > Economics > Business enterprises
Social sciences > Economics > Microeconomics
JEL:D23, L14, L24, O30
ID Code:57223
Deposited On:04 Oct 2019 09:50
Last Modified:11 Feb 2020 11:55

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