Outward foreign direct investment and domestic innovation performance: Evidence from China

被引：160
|
作者：
Li, Jian [1 ]
Strange, Roger [2 ]
Ning, Lutao [3 ]
Sutherland, Dylan [4 ]
机构：
[1] Hunan Univ, Sch Business, 11 Lushan South Rd, Changsha 410082, Hunan, Peoples R China
[2] Univ Sussex, Sch Business Management & Econ, Brighton BN1 9RF, E Sussex, England
[3] Univ London, Sch Business & Management, Francis Bancroft Bldg,Mile End Rd, London E1 4NS, England
[4] Durham Business Sch, Mill Hill Lane, Durham DH1 3LB, England
来源：
INTERNATIONAL BUSINESS REVIEW | 2016年 / 25卷 / 05期
基金：
中国国家自然科学基金;
关键词：
Outward FDI; Regional innovation; Absorptive capacity; Foreign presence; Competition intensity; RESEARCH-AND-DEVELOPMENT; REGIONAL INNOVATION; ABSORPTIVE-CAPACITY; KNOWLEDGE SPILLOVERS; CAPABILITIES EVIDENCE; STRATEGIC ASSETS; INWARD FDI; FIRMS; SYSTEMS; GROWTH;
D O I：
10.1016/j.ibusrev.2016.01.008
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Recent years have witnessed substantial outward foreign direct investment (OFDI) from many emerging economies. Should the governments of these economies encourage OFDI in order to promote domestic innovation? Much OFDI by emerging economy multinational enterprises (EMNEs) has been undertaken to acquire strategic assets overseas, but do these acquisitions bring innovation benefits at home? The empirical analysis presented in this paper considers the effects of OFDI on regional innovation performance, using a panel of Chinese provinces, and finds that OFDI has a very significant impact on domestic innovation. Furthermore, we also identify three contingent factors - absorptive capacity, foreign presence, and the competition intensity of the local market - that moderate the impact of OFDI on innovation performance. (C) 2016 Elsevier Ltd. All rights reserved.
引用
收藏
页码：1010 / 1019
页数：10
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