How do different drivers of R&D investment in foreign locations affect domestic firm performance? An analysis based on Swiss panel micro data
The aim of this article is to investigate the differences between specific motives of R&D investment in foreign locations with respect to: (i) the factors influencing the likelihood of foreign R&D and (ii) the impact of foreign presence on the parent firms' innovativeness and productivity. An econometric analysis of Swiss firm panel data (period 2000--2008; 2817 companies) shows, first, that factors related to firm-specific knowledge-oriented advantages are more important for explaining the likelihood of foreign R&D activities than factors reflecting disadvantages related to home location. Second, knowledge-oriented motives of foreign R&D positively influence the innovation performance of domestic firms, whereas market- and resource-oriented strategies have a positive impact on labor productivity. Copyright 2011 The Author 2011. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.
Year of publication: |
2011
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Authors: | Arvanitis, Spyros ; Hollenstein, Heinz |
Published in: |
Industrial and Corporate Change. - Oxford University Press. - Vol. 20.2011, 2, p. 605-640
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Publisher: |
Oxford University Press |
Saved in:
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