“…Next, although international competition brings about increased patenting activities, our study provides evidence that international competition could urge multinationals to concentrate on the appropriability of their R&D investment as measured by the degree of patent originality, generality, and self-citation; the results, with a panel data spanning more than 20 years, reconfirm the evidence obtained by Le Bas and Sierra (2002) and Laurens, Le Bas, Schoen, Villard, and Larédo (2015), which shows that MNEs devote their resources to capturing market opportunities worldwide by exploiting their existing technologies. However, the exploitation activities are not without cost since they sacrifice basic research and exploration activities at the same time, attested by the decrease in several patentrelated measures following internationalization.…”