KTH/CESIS Working Paper Series in Economics and Institutions of Innovation
Pontus Braunerhjelm, Torbjörn Halldin, Torben Pedersen, Mika Pajarinen, Pekka Ylä-Anttila, Per Heum and Tarmo Kalvet
Large firm dynamics on the Nordic-Baltic scene Implications for innovation and growth
Abstract: This paper investigates the role of the 30 largest firms
in the respective Nordic country and in Estonia over the last decade and
for some variables between 1975 to 2006. The analysis confirms that the
largest firms play a critically important role for industrial dynamics in
the Nordic countries. Statistics are presented with regard to e.g.
ownership, the distribution of employment between home country and foreign
units, internationalization, R&D, the share of overall employment and
value-added, and the dynamics over time. Both firms in the manufacturing
and the service sectors are included. Even though large firms differ in
terms of size and industry distribution, they do still play a dominant in
all Nordic countries, albeit somewhat diminished over the investigated time
period. From a policy point of view it seems of vital concern for the
Nordic countries to retain their increasingly foot-loose and globally
oriented large firms.
Keywords: Large firms; internationalization and industrial dynamics; (follow links to similar papers)
JEL-Codes: F23; L20; O30; (follow links to similar papers)
157 pages, January 1, 2011
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