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.
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页数：15
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