Ethnic Innovation and U.S. Multinational Firm Activity
通过分析美国跨国公司专利发明人的族裔构成与其海外子公司活动的关系，发现某族裔发明人占比上升会带动公司在相关族裔国家的子公司活动增加，并促进创新活动跨国分散化，减少对当地合资伙伴的依赖。
This paper studies the impact that ethnic innovators have on the global activities of U.S. firms by analyzing detailed data on patent applications and on the operations of the foreign affiliates of U.S. multinational firms. The results indicate that increases in the share of a firm's innovation performed by inventors of a particular ethnicity are associated with increases in the share of that firm's affiliate activity in countries related to that ethnicity. Ethnic innovators also appear to facilitate the disintegration of innovative activity across borders and to allow U.S. multinationals to form new affiliates abroad without the support of local joint venture partners. This paper was accepted by Bruno Cassiman, business strategy.