IJV’s political ties and R&D strategy: Asymmetric contingencies of market versus governmental policy turbulence

IF 3.8 4区 管理学 Q2 BUSINESS
Jie Yang, Jieqiong Ma, D. Doty, J. Lee
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引用次数: 0

Abstract

The purpose of this article is to empirically explore (1) the impact of political ties on international joint ventures’ (IJVs) R&D strategy and (2) the moderating effects of market turbulence and governmental policy turbulence on the relationship between IJV political ties and R&D investment in China. Our sample consists of 1,344 observations taken from 224 IJVs over a period of 6 years (2012–2017), and we applied hierarchical moderated regression analysis (HMRA) with panel data to analyze our three hypotheses. Our findings show that IJVs with political ties tend to invest more in R&D than their counterparts without political ties. Interestingly, this positive relationship grows stronger with high market turbulence, but wanes under high governmental policy turbulence. While the issues regarding the importance of political ties to IJVs competing in China have been discussed, the issues related to why political ties influence IJV’s decisions on R&D investment have been largely overlooked. Hence, this study applies the environmental contingency view to fill this gap and shows how asymmetric contingencies for market turbulence and governmental policy turbulence occur in this context. JEL CLASSIFICATION: M1
合资企业的政治关系与研发战略:市场与政府政策动荡的不对称偶然性
本文旨在实证探讨(1)政治关系对国际合资企业研发战略的影响;(2)市场动荡和政府政策动荡对中国国际合资企业政治关系与研发投资关系的调节作用。我们的样本包括在6年(2012-2017年)期间从224家合资企业获得的1344项观察结果,我们使用面板数据的分层调节回归分析(HMRA)来分析我们的三个假设。我们的研究结果表明,有政治关系的合资企业比没有政治关系的合资企业更倾向于在研发方面投入更多。有趣的是,这种正相关关系在市场高度动荡时变得更强,但在政府政策高度动荡时减弱。虽然已经讨论了政治关系对合资企业在中国竞争的重要性的问题,但与政治关系为什么影响合资企业在研发投资方面的决策有关的问题在很大程度上被忽视了。因此,本研究运用环境权变观点来填补这一空白,并展示了在这种背景下市场动荡和政府政策动荡的不对称权变是如何发生的。凝胶分类:m1
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
7.50
自引率
6.90%
发文量
14
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