International operations and corporate R&D investment: Evidence from China

被引：0

作者：

Fu, Ying ^{[1
]}

Li, Jiaying ^{[1
]}

Wu, Ying ^{[2
]}

机构：

[1] Southwestern Univ Finance & Econ, Sch Finance, Chengdu, Sichuan, Peoples R China

[2] Nanjing Normal Univ, Sch Business, Nanjing, Jiangsu, Peoples R China

来源：

PLOS ONE | 2024年 / 19卷 / 09期

关键词：

INNOVATION PERFORMANCE EVIDENCE; OUTWARD DIRECT-INVESTMENT; STATE OWNERSHIP; DIRECTORS; IMPACT; TRUST;

D O I：

10.1371/journal.pone.0308290

中图分类号：

O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];

学科分类号：

07 ; 0710 ; 09 ;

摘要：

This paper presents an examination of the relationship between international operations and corporate R&D investment. Using a large sample of Chinese listed firms for the 2009-2022 period and the ordinary least squares method, we find that international operations have a positive effect on corporate R&D investment. The finding remains valid after a battery of robustness tests. Mechanism tests show that international operations increase corporate R&D investment by diversifying product demand instead of increasing firms' international knowledge acquisition. This paper provides new evidence on the role of international operations in innovation activities.

引用

页数：15

共 53 条

[1] Tax Credits and Small Firm R&D Spending [J].

Agrawal, Ajay ;

Rosell, Carlos ;

Simcoe, Timothy .

AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY, 2020, 12 (02) :1-21

[2] Do ICT firms manage R&D differently? Firm-level and macroeconomic effects on corporate R&D investment: Empirical evidence from a multi-countries context [J].

Alexeeva-Alexeev, Inna ;

Mazas-Perez-Oleaga, Cristina .

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2024, 198

[3] Neglected elements: What we should cover more of in international business research [J].

Arikan, Ilgaz ;

Shenkar, Oded .

JOURNAL OF INTERNATIONAL BUSINESS STUDIES, 2022, 53 (07) :1484-1507

[4] Organizational goals and resource allocation to overseas foreign direct investment [J].

Bai, Tao ;

Liesch, Peter .

JOURNAL OF WORLD BUSINESS, 2022, 57 (03)

[5] Nature of financial constraints and R&D intensity [J].

Banerjee, Pradip .

FINANCE RESEARCH LETTERS, 2022, 50

[6] Cash flow uncertainty, financial constraints and R&D investment [J].

Beladi, Hamid ;

Deng, Jie ;

Hu, May .

INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2021, 76

[7] The determinants of Chinese outward foreign direct investment [J].

Buckley, Peter J. ;

Clegg, L. Jeremy ;

Cross, Adam R. ;

Liu, Xin ;

Voss, Hinrich ;

Zheng, Ping .

JOURNAL OF INTERNATIONAL BUSINESS STUDIES, 2007, 38 (04) :499-518

[8] On the impact of public policies and wage formation on business investment in research and development [J].

Buyse, Tim ;

Heylen, Freddy ;

Schoonackers, Ruben .

ECONOMIC MODELLING, 2020, 88 :188-199

[9] The impact of chief executive officers' (CEOs') overseas experience on the corporate innovation performance of enterprises in China [J].

Cao, Xianlong ;

Wang, Zhigang ;

Li, Gen ;

Zheng, Yu .

JOURNAL OF INNOVATION & KNOWLEDGE, 2022, 7 (04)

[10] Credit default swaps and corporate innovation [J].

Chang, Xin ;

Chen, Yangyang ;

Wang, Sarah Qian ;

Zhang, Kuo ;

Zhang, Wenrui .

JOURNAL OF FINANCIAL ECONOMICS, 2019, 134 (02) :474-500

← 1 2 3 4 5 6 →