Does inward foreign direct investment improve the innovative performance of local firms?

被引：155

作者：

Garcia, Francisco ^{[1
]}

Jin, Byungchae ^{[2
]}

Salomon, Robert ^{[3
]}

机构：

[1] Univ Oviedo, Fac Econ & Empresa, E-33006 Oviedo, Asturias, Spain

[2] Simon Fraser Univ, Beedie Sch Business, Surrey, BC V3T 0A3, Canada

[3] NYU, Stern Sch Business, New York, NY 10012 USA

来源：

RESEARCH POLICY | 2013年 / 42卷 / 01期

关键词：

Foreign direct investment; Inward FDI; Knowledge spillovers; Knowledge transfer; Technological innovation; RESEARCH-AND-DEVELOPMENT; DOMESTIC FIRMS; UNITED-STATES; PANEL-DATA; TECHNOLOGICAL CAPABILITIES; DEVELOPING-COUNTRIES; MULTINATIONAL FIRMS; INTERNATIONAL-TRADE; PRODUCTIVITY; KNOWLEDGE;

D O I：

10.1016/j.respol.2012.06.005

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

Over the past several decades, research in the fields of international business and strategy has devoted increasing attention to outward foreign direct investment (FDI). Despite extensive scrutiny of the firm-specific motivations for, and consequences of, outward FDI; we know relatively little about inward FDI, the impact of inward FDI on host country firms, and especially, how inward FDI affects the innovativeness of those firms. Extant theoretical arguments predict contrasting effects. One line of research highlights the benefits to host country firms. Another line of research highlights the deleterious consequences to host country firms. Utilizing data from 1799 Spanish manufacturing firms from 1990 to 2002, we investigate the relationships between industry-level and firm-level inward FDI and the innovative performance of host country firms. We find that FDI inflows into Spain are negatively associated with the ex post innovation of local firms. We contrast these findings with those using conventional measures of productivity. (C) 2012 Elsevier B.V. All rights reserved.

引用

页码：231 / 244

页数：14