Title: Intangible assets as drivers of innovation: Empirical evidence on multinational enterprises in German and UK regional systems of innovation
Citation: TECHNOVATION vol. 31 no. 8 p. 447–458
Publication Year: 2011
JRC N°: JRC66641
ISSN: 0166-4972
URI: http://www.sciencedirect.com/science/article/pii/S0166497211000885
DOI: 10.1016/j.technovation.2011.06.005
Type: Articles in periodicals and books
Abstract: The sources of value creation are increasingly relying on intangible assets (IAs). IAs are the lifeblood of knowledge-intensive industries where the new value added is disproportionally based on specialized, non-repetitious activities. However, while the role of IAs is recognised as central to sustain the competitiveness of firms and innovation systems, the understanding of the mechanisms through which IAs display their effects has not yet been fully grasped. By focussing on the processes through which investments in IAs occur, this paper aims to explore the key dimensions through which two specific IAs – organisational and network capital – are enhanced and contribute to the innovativeness and embeddedness of Multinational Enterprises (MNEs) in regional innovation systems. On the basis of over forty in-depth interviews to leading staff of German and UK flagship MNEs operating in the automotive, life science and ICT sectors, the paper shows that MNEs adopt rather distinctive strategies to develop IAs; that MNE degree of local embeddedness is strictly related to both the kind of IA strategy and the local environment; and that causation mechanisms are at work between MNE embeddedness and regional creation of IAs.
JRC Directorate:Growth and Innovation

Files in This Item:
There are no files associated with this item.

Items in repository are protected by copyright, with all rights reserved, unless otherwise indicated.