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Trust and technology transfers

García-Vega, María; Huergo, Elena

Authors

Elena Huergo



Abstract

Research and development is largely done by multinationals (MNEs) that transfer technology to their foreign subsidiaries. Trust might be an important determinant of the governance of technology transfers because trust can reduce the dependence of the subsidiary on the headquarters. 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 to 2012, and a Eurobarometer measure of trust 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.

Journal Article Type Article
Publication Date Oct 31, 2017
Journal Journal of Economic Behavior and Organization
Electronic ISSN 0167-2681
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 142
Pages 92-104
APA6 Citation GarcĂ­a-Vega, M., & Huergo, E. (2017). Trust and technology transfers. Journal of Economic Behavior and Organization, 142, 92-104. doi:10.1016/j.jebo.2017.07.029
DOI https://doi.org/10.1016/j.jebo.2017.07.029
Keywords Trustworthiness, technology transfers, R&D imports, heterogeneous firms
Publisher URL http://www.sciencedirect.com/science/article/pii/S016726811730207X
Copyright Statement Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0

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Copyright Statement
Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0





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