Transnational Corporations as the Driving Forces Behind the World's Research and Development Activity in Terms of R&D Expenditure

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Kamil M. Kraj

Abstrakt

As discussed in the literaturę, 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 worlds 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 foun- dations were provided by a multidisciplinary science and technology basis.

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Kraj, K. M. (2019). Transnational Corporations as the Driving Forces Behind the World’s Research and Development Activity in Terms of R&D Expenditure. Journal of Management and Financial Sciences, (28), 73–97. https://doi.org/10.33119/JMFS.2017.28.3
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