Eliane Choquette, S. Haakonsson, Peter D. Ørberg Jensen, Søren Feodor Nielsen
{"title":"创新全球化:项目级投资策略和国家类型对研发相关FDI区位选择的调节作用","authors":"Eliane Choquette, S. Haakonsson, Peter D. Ørberg Jensen, Søren Feodor Nielsen","doi":"10.18356/2076099x-28-2-1","DOIUrl":null,"url":null,"abstract":"The current stage of globalization involves geographically dispersed research and development (R&D) investments that are not confined to advanced economies. These cross-border R&D investments are driven by multinational enterprises’ (MNEs’) strategies for exploring and/or exploiting foreign locations. In this paper, we analyse location choice and the moderating effect of project-level investment strategy (i.e. exploration or exploitation) and type of host economy (i.e. advanced or emerging) on the importance of the innovation framework and local innovation capabilities. Our analysis of 588 R&D-related foreign direct investment (FDI) projects in the pharmaceutical and biotech industries during the 2006–2016 period reveals that whereas a host country’s innovation framework and capability overall do affect the location decision, their ultimate effects are conditional on the combination of project-level investment strategy and type of economy. Our findings have policy implications for FDI policies aiming at enhancing linkages between MNEs and local actors and national science, technology, innovation and educational policies and programmes.","PeriodicalId":40060,"journal":{"name":"Transnational Corporations","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2021-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Globalization of Innovation: The Moderating Role of Project-level Investment Strategy and Country Type in Location Choicee for R&D-related FDI\",\"authors\":\"Eliane Choquette, S. Haakonsson, Peter D. Ørberg Jensen, Søren Feodor Nielsen\",\"doi\":\"10.18356/2076099x-28-2-1\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The current stage of globalization involves geographically dispersed research and development (R&D) investments that are not confined to advanced economies. These cross-border R&D investments are driven by multinational enterprises’ (MNEs’) strategies for exploring and/or exploiting foreign locations. In this paper, we analyse location choice and the moderating effect of project-level investment strategy (i.e. exploration or exploitation) and type of host economy (i.e. advanced or emerging) on the importance of the innovation framework and local innovation capabilities. Our analysis of 588 R&D-related foreign direct investment (FDI) projects in the pharmaceutical and biotech industries during the 2006–2016 period reveals that whereas a host country’s innovation framework and capability overall do affect the location decision, their ultimate effects are conditional on the combination of project-level investment strategy and type of economy. Our findings have policy implications for FDI policies aiming at enhancing linkages between MNEs and local actors and national science, technology, innovation and educational policies and programmes.\",\"PeriodicalId\":40060,\"journal\":{\"name\":\"Transnational Corporations\",\"volume\":\" \",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2021-08-31\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Transnational Corporations\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.18356/2076099x-28-2-1\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"Social Sciences\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Transnational Corporations","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.18356/2076099x-28-2-1","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Social Sciences","Score":null,"Total":0}
Globalization of Innovation: The Moderating Role of Project-level Investment Strategy and Country Type in Location Choicee for R&D-related FDI
The current stage of globalization involves geographically dispersed research and development (R&D) investments that are not confined to advanced economies. These cross-border R&D investments are driven by multinational enterprises’ (MNEs’) strategies for exploring and/or exploiting foreign locations. In this paper, we analyse location choice and the moderating effect of project-level investment strategy (i.e. exploration or exploitation) and type of host economy (i.e. advanced or emerging) on the importance of the innovation framework and local innovation capabilities. Our analysis of 588 R&D-related foreign direct investment (FDI) projects in the pharmaceutical and biotech industries during the 2006–2016 period reveals that whereas a host country’s innovation framework and capability overall do affect the location decision, their ultimate effects are conditional on the combination of project-level investment strategy and type of economy. Our findings have policy implications for FDI policies aiming at enhancing linkages between MNEs and local actors and national science, technology, innovation and educational policies and programmes.
期刊介绍:
Transnational Corporations is a double-blind refereed journal published three times a year by UNCTAD. Its basic objective is to publish policy-oriented articles and research notes that provide insights into the economic, legal, social and cultural impacts of transnational corporations and foreign direct investment in an increasingly global economy and the policy implications that arise therefrom. It focuses especially on political and economic issues related to transnational corporations.