Chinese foreign direct investment in R&amp;D in Europe: A new model of R&amp;D internationalization?

Minin, Alberto Di; Zhang, Jieyin; Gammeltoft, Peter

doi:10.1016/j.emj.2012.03.004

Cited by 126 publications

(69 citation statements)

References 57 publications

(117 reference statements)

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“…However, this study finds that the roles of different resources on EMNEs' overseas R&D modes are heterogeneous. This finding echoes to the recent discussions on the inapplicability of OLI framework on EMNEs' overseas activities, as considering the different purposes of the international R&D conducted by DMNEs and those conducted by EMNEs (Fischer and von Zedtwitz, 2004;Di Minin et al, 2012).…”

Section: Introductionsupporting

confidence: 76%

“…Similar to the practical trend, there is an increasing academic interest on the R&D internationalization by EMNEs (Fischer and Von Zedtwitz, ; Von Zedtwitz, ). Di Minin et al () find that as the newcomers to global technology, overseas R&D activities by firms from developing countries have obvious learning orientation. Supporting this learning orientation, Zhao and Liang () document that the majority of overseas R&D subsidiaries tend to invest in advanced technological countries, such as North America, West Europe, and the developed countries in East Asia.…”

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

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What factors determine the subsidiary mode of overseas R&D by developing‐country MNEs? Empirical evidence from Chinese subsidiaries abroad

Wang

Xie

et al. 2017

R & D Management

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This study examines the determinants of the subsidiary modes of overseas research and development (R&D) by Chinese multinational enterprises (MNEs). Based on resource‐based view and absorptive capabilities, we propose that financial resources and technological resources have different effects on the selection of overseas R&D subsidiary modes, which are competence‐exploiting mode or competence‐creating mode. This is supported by the empirical results in this paper using data from a survey of 40 Chinese overseas R&D subsidiaries. The results demonstrate that the parent firms with richer financial resources and more R&D expenses prefer the competence‐exploiting mode, while the parent firms with more R&D personnel favor the competence‐creating mode. Additionally, this study finds that firms matching our mode choice model tend to enjoy a higher level of innovative performance.

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Section: Introductionsupporting

confidence: 76%

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

What factors determine the subsidiary mode of overseas R&D by developing‐country MNEs? Empirical evidence from Chinese subsidiaries abroad

Wang

Xie

et al. 2017

R & D Management

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“…They may expand abroad to project their growing political and economic power (Child & Rodrigues, 2005), establish a banking presence in distant financial centers such as New York or London to raise capital (Narula, 2012), set up R&D centers in advanced economies to acquire technical and tacit knowledge (Di Minin, Zhang, & Gammeltoft, 2012), or make passive investments in such countries to observe the decision-making processes of their invested subsidiaries (Shapiro & Globerman, 2012).…”

Section: Varieties In State Capitalismmentioning

confidence: 99%

Varieties in state capitalism: Outward FDI strategies of central and local state-owned enterprises from emerging economy countries

2014

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Institutional diversity characterizing state-owned enterprises (SOEs) from emerging economies holds critical but under-examined implications for their internationalization activities. Different types of SOEs can exhibit distinct motivations, strategic resources, and adaptive capabilities for penetrating foreign markets. To understand how such idiosyncratic differences emerge, we conceptualize the heterogeneity of SOEs as an outcome of multiple institutional reform processesadministrative and fiscal decentralization, industrial restructuring, and market liberalization -which create diversity between SOEs affiliated with central and local levels of government. Building on the idea of "institutions-asconfigurations", we elucidate how such reforms reconfigure SOEs' constellation of resources, capabilities, and priorities which shape the parameters of their ability to negotiate for home and host country institutional legitimacy. Specifically, we propose that the restructuring of central SOEs into "national champions" exposes them to stronger institutional pressures from home and host country governments while local SOEs which have fewer obligations to serve national strategic prerogatives display greater managerial autonomy and market orientation, but lower levels of monopolistic behavior. We discuss how such contrasting attributes contribute to variations in SOEs' international business diversification patterns, foreign subsidiary establishment and ownership modes, and overseas location preferences. Recognition of SOEs' organizational diversity holds important implications for theories on state-owned multinationals.

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“…They also actively learn or absorb external technological know-how, and may actively create advanced technologies (Minin et al, 2012). Greenfield R&D projects allow EEEs to develop new assets by utilizing location-specific advantages of the host country (Dunning and Narula, 1995).…”

Section: Dependent Variablementioning

confidence: 99%

What drives emerging-economy outbound FDI decisions to obtain strategic assets?

Yang

Chen

et al. 2014

Asian Bus Manage

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Emerging-economy enterprises (EEEs) engage in strategic asset-seeking FDI (SAS FDI) for different reasons than traditional FDI. Previous studies suggest that a firm's internal learning capability (absorptive capacity) and increased foreign competition (industry openness) might play a role in encouraging SAS FDI. Our study of recent Chinese outbound FDI projects confirms that increased absorptive capacity and increased industry openness make EEEs more likely to engage in SAS FDI. However, there is also a negative interaction effect, suggesting that knowledge spillovers from technology imports make EEEs somewhat less likely to engage in SAS FDI overseas.

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Chinese foreign direct investment in R&D in Europe: A new model of R&D internationalization?

Cited by 126 publications

References 57 publications

What factors determine the subsidiary mode of overseas R&D by developing‐country MNEs? Empirical evidence from Chinese subsidiaries abroad

What factors determine the subsidiary mode of overseas R&D by developing‐country MNEs? Empirical evidence from Chinese subsidiaries abroad

Varieties in state capitalism: Outward FDI strategies of central and local state-owned enterprises from emerging economy countries

What drives emerging-economy outbound FDI decisions to obtain strategic assets?

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