Foreign direct investment as a way to guide the innovative process towards sustainability

Melane-Lavado, Alberto; Álvarez-Herránz, Agustín; González-González, Inés

doi:10.1016/j.jclepro.2017.03.131

Cited by 57 publications

(31 citation statements)

References 78 publications

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“…The literature establishes, on the one hand, that the complexity of SOI implies the inclusion of a wide set of actors and, on the other, that FDI enables its requirements to be met [7,17]. This comparative study arises from these two premises, based on which we have found that such diversity gives rise to two paths by which sustainable goals influence the innovative process, one direct and the other moderate.…”

Section: Discussionmentioning

confidence: 77%

Different Ways to Access Knowledge for Sustainability-Oriented Innovation. The Effect of Foreign Direct Investment

Melane-Lavado

Álvarez-Herránz

2018

Sustainability

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Sustainability-oriented innovation (SOI), which displays an intention to develop a product or service that contributes to economic, environmental, and social sustainability, has drawn growing institutional and academic attention, due to the general consideration that innovation is an essential part of achieving sustainability. For developments of this nature, it is considered that foreign direct investment (FDI) helps companies to meet the requirements demanded by SOI, however, they show different cooperation patterns, and so it is not known what path they must take to achieve it. In this context, this paper uses comparative analysis to try to shed light on the possible differences in the paths taken to achieve SOI by companies with and without FDI, taking into account their different form of knowledge management. To achieve this objective, it has been necessary to build new sustainability indicators (economic, environmental, and social) that allow the evaluation of the sustainability of these processes, considering the sustainability objectives that guided companies towards innovation. Using a logit model for 5897 Spanish companies during the period 2009–2014, this paper contributes both theoretically and empirically to emerging research into the opening of sustainable innovation. It provides a better understanding of the different channels for accessing knowledge for SOI, and examining these channels through absorptive capacity and cooperation, according to its age and size.

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Section: Discussionmentioning

confidence: 77%

Different Ways to Access Knowledge for Sustainability-Oriented Innovation. The Effect of Foreign Direct Investment

Melane-Lavado

Álvarez-Herránz

2018

Sustainability

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“…Furthermore, the specific and intrinsic advantages associated to foreign participation increase with knowledge gained through the interaction of diverse market and institutional sources. It should also be mentioned that companies are more innovative, as well as more sustainable, if there is bidirectional cooperation [1,11,15,48].…”

Section: Cooperation Network Diversity Of Companies With Fdimentioning

confidence: 99%

“…Recently, Foreign Direct Investment (FDI) (a company is considered as having FDI when foreign investment exceeds 10%) has been a driving force for sustainable development, allowing society to prosper, create knowledge, and be consistent and resilient to financing. Furthermore, it enhances the image in financial intermediation and the increase in credit, improves trust and increases local resources, is a good catalyst for internal investment, and enhances technology transfer and management capacity [11].…”

Section: Introductionmentioning

confidence: 99%

Cooperation Networks as a Driver of Sustainability-Oriented Innovation

Melane-Lavado

Álvarez-Herránz

2020

Sustainability

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Companies can contribute to sustainable development in a dynamic and globalized market, such as today’s, through Sustainability-Oriented Innovation (SOI). However, to do this implies meeting specific requirements and dealing with greater complexity because of the higher level of sophistication of cooperation networks for this kind of innovation. In this context, to meet the requirements demanded by SOI, Foreign Direct Investment (FDI) is considered fundamental. However, it is not known whether their capacity to focus more on heterogeneous knowledge sources, which, thanks to their cooperation networks, are broad and geographically diverse, would have a differential impact on SOIs. Through comparative analysis, this paper attempts to shed light on the possible network differences for companies, with and without FDI, looking to undertake SOI. It focuses on the knowledge framework and geographical scope stemming from cooperation for successfully undertaking sustainable developments. To this end, three networks had to be set up, which include diversity, scope, experience, and frequency of national, European, and global cooperation. The results lend strength to the theory that SOI is favored by European and global cooperation networks if companies have FDI, and by national networks if there is no foreign participation. For this, the role of absorptive capacity is key, understood as a joint analysis of R&D intensity and the skills and education of employees tasked with innovation, and the implementation of new organizational methods. Lastly, it is confirmed that having FDI allows companies to have qualified employees, and better methods and organizational practices in connection with an openness to innovation.

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“…Provide policy, financing and land support for enterprise innovation. The stronger a city's innovative environment, the more attractive it will be to foreign investment (Lavado, Alvarez, & González, 2018).…”

Section: Measurement Of Rismentioning

confidence: 99%

Can regional collaborative innovation improve innovation efficiency? An empirical study of Chinese cities

2019

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The relationship between collaborative innovation and innovation efficiency has attracted the attention of researchers in recent years. However, few studies have integrated intra‐regional and inter‐regional collaborative innovations (IRCI) into a unified framework to analyze the overall impact of regional innovation efficiency. To fill this gap, this paper uses an improved Data Envelopment Analysis Model to measure the innovation efficiency of Chinese cities from 2003 to 2016 based on the regional innovation capability. Using the Coupling Coordination Degree Model to measure the degree of intra‐regional collaborative innovation, we constructed a Capability Structure Model to measure the degree of IRCI, then used the Spatial Durbin Model to empirically analyze the influence of intra‐regional and IRCI on regional innovation efficiency. The results show that: (a) both intra‐regional and IRCI promote regional innovation efficiency, but the internal factors are the primary influences on regional innovation efficiency; (b) intra‐regional collaborative innovation not only promotes local regional innovation efficiency but also promotes innovation efficiency in other regions effectively, although its driving effect on the local region is higher than on other regions; (c) there is a time lag in promoting regional innovation efficiency through the cooperation and interaction among innovation in knowledge, technological, industrial, and service, and environment capabilities. The regional innovation capacities can result in good collaborative innovation effects only after a certain period of cooperation.

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Foreign direct investment as a way to guide the innovative process towards sustainability

Cited by 57 publications

References 78 publications

Different Ways to Access Knowledge for Sustainability-Oriented Innovation. The Effect of Foreign Direct Investment

Different Ways to Access Knowledge for Sustainability-Oriented Innovation. The Effect of Foreign Direct Investment

Cooperation Networks as a Driver of Sustainability-Oriented Innovation

Can regional collaborative innovation improve innovation efficiency? An empirical study of Chinese cities

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