1. Knowledge Co-ordination, Innovation and Business Performance
This work is based on the econometric estimation of the innovation value chain linking the sources of innovation inputs (internal R&D and external knowledge sourcing) to innovation outputs, and estimating the effect this has on productivity, profitability and growth. Another element of this work examines the determinants and effects of innovation in services, and the dynamics of open innovation.
2. Foreign Direct Investment: Motives and Effects
Present research focuses on technology sourcing as a motivation for FDI among OECD countries, and the link between the motivation for FDI and spillover effects on domestic productivity and labour demand. Another strand of this work examines the MNE as a source of intra-firm and international knowledge and technology transfer.
Linking the first two themes is a programme of work estimating jointly the effects of innovation, ownership and exporting on performance (productivity profitability and growth) at the firm level.
3. Theory of the Firm/MNE
My current theoretical interest lies in the development of an opportunism-independent theory of the firm which is nevertheless contractual and consistent with a transaction-cost perspective.