Knowledge transfer of outward foreign direct investment by Thai multinational enterprises

Jeenanunta, Chawalit; Rittippant, Nattharika; Chongphaisal, Pornpimol; Thumsamisorn, Apiwan; Visanvetchakij, Thunyalak

doi:10.1080/19761597.2013.819234

Cited by 4 publications

(3 citation statements)

References 4 publications

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“…The international R&D model constructed by Coe and Helpman (1995), referred to as the C-H model, explores technology spillover effects, emphasizing that the improvement of a country's innovation capability should not only rely on domestic resources but also make full use of international technological resources. After that, Torres (2015), Mani (2013) and Jeenanunta et al (2013) took the foreign investment of India, the UK, Japan and Thailand as the research objects and explored the existence of the reverse technical effect of OFDI. As a result, it can reduce energy consumption in the production process and improve resource utilization and the capability of pollutant removal, which benefit the environmental quality of the home country (Bai et al 2020;Luo et al 2021).…”

Section: Reverse Technology Spillover Effectmentioning

confidence: 99%

The carbon reduction effect of China’s outward foreign direct investment for carbon neutrality target

Zhang

Dong

Tang

2022

Environ Sci Pollut Res

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Based on mainland China's provincial OFDI and carbon emissions data from 2003 to 2018, this paper applied a panel fixedeffects model and spatial econometric model to empirically test whether China's OFDI can be a powerful tool to achieve the "carbon neutrality" target. The empirical results indicate that China's OFDI significantly increases carbon emissions, but this effect has temporal and spatial differences. After incorporating spatial factors into the analysis, the impact of OFDI on carbon emissions differs when modelled by different spatial weight matrices. The green effect of OFDI has the problem of poor channels. It is impossible to achieve energy savings and emission reduction by promoting green technology innovation, improving the rationalization of the industrial structure or reducing energy consumption. The test results of the moderating effect indicate that the development of green finance can weaken the positive effect of OFDI on emissions.

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Section: Reverse Technology Spillover Effectmentioning

confidence: 99%

The carbon reduction effect of China’s outward foreign direct investment for carbon neutrality target

Zhang

Dong

Tang

2022

Environ Sci Pollut Res

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“…Some studies examine firm-level enhanced competitiveness and focus on human capital transformation and technology transfer. Most research is presented in the form of case studies of different firms which have conducted OFDI, concluding that MNEs’ production and technological capabilities may be strengthened as a result of investing abroad (Jeenanunta et al , 2013; Mani, 2013; Aminullah et al , 2013). Similarly, Buckley et al (2010) argue that OFDI may bolster the competitiveness of indigenous firms.…”

Section: Mnes’ Investment Strategies and Home-country Effects: A Conceptual Frameworkmentioning

confidence: 99%

Outward FDI from small developing economies

Padilla-Pérez

Nogueira²

2016

IJOEM

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Purpose Foreign direct investment (FDI) from developing economies has increased sharply since the beginning of the 2000s. While most investment flows correspond to firms from large economies, small developing economies have also witnessed the increase of outward investment flows from their domestic companies. The literature on outward FDI (OFDI) from developing economies has focused mainly on large emerging countries, such as China and India. In the case of small developing economies, for which there is scant empirical evidence, firms willing to invest abroad face a different business environment with several barriers such as a small domestic market to achieve economies of scale and a limited supply of specialised resources. In this setting, the purpose of this paper is to examine firm-level strategies and the home-country effects in a small developing economy. Design/methodology/approach A research case study is conducted through a representative sample of Costa-Rican firms investing abroad. Costa Rica makes a strong case since it stands out among small developing economies investing abroad in terms of both the number of operations and the amount of OFDI. Findings The main findings are: outward investment is not only for large and mature firms, as medium and small-sized firms are actively investing abroad; most firms pursue a market-seeking strategy; the benefits for the firm and the home country are stronger when companies follow a clear outward investment strategy; and there is a positive relationship between international trade and OFDI. Originality/value This paper provides novel empirical evidence to better understand an emerging trend in OFDI: in an increasingly integrated world economy, even SMEs from small developing economies are compelled to internationalise their operations in order to compete successfully.

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“…As traditional FDI theories are based on MNEs from the developed countries, a number of studies have examined whether the OFDI by the EMNEs are same or different from that of DMNEs: namely a) in terms of motivating factors, technology and knowledge flows (e.g. Fleury and Fleury, 2011;Witt and Lewin, 2007;Mani, 2013;Jeenanunta et al, 2013;Aminullah et al, 2013;Norasingh, 2013); b) whether existing theoretical concepts can be applied similarly for these firms or there is a need to develop new conceptual and analytical tools (e.g. Liu et al, 2005;Luo and Tung, 2007;Matthews, 2006).…”

Section: Introductionmentioning

confidence: 99%

Outward foreign direct investment (OFDI) and knowledge flow in the context of emerging MNEs: Cases from China, India and South Africa

Baskaran

Liu

Yan

et al. 2017

African Journal of Science, Technology, Innovation and Developm

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The paper explores the factors driving OFDI by EMNEs and the patterns of knowledge transfer, as there are still some gaps in the understanding of these two aspects, by examining six cases of MNEs from three of the BRICS' economies (India, China, and South Africa). It mainly employs descriptive data for a period of about ten years in each case which were gathered from secondary sources including EMNEs' annual financial reports, press releases, websites, and other sources. It found that there are complex aspects of OFDI by EMNEs which cannot be explained by existing FDI theories. A theoretical model that integrates both 'latecomer strategies for catch up' and the 'traditional FDI' models is necessary to fully understand these aspects. The contribution of this paper is three fold: (i) it attempts to identify and distinguish the factors driving OFDI and patterns of knowledge transfer of OFDI from EMNEs and shows how they differ from DMNEs; (ii) it highlights some aspects of OFDI by EMNEs such as expansion into other Southern countries outside their respective region and the North, noninfrastructure/natural resources sectors, different patterns of technology and knowledge transfer in the South and North respectively, which adds to the existing OFDI literature; (iii) by applying grounded and appreciative approaches, it draws some lessons on how best to undertake further research on the difference of OFDI between EMNEs and DMNEs.

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Knowledge transfer of outward foreign direct investment by Thai multinational enterprises

Cited by 4 publications

References 4 publications

The carbon reduction effect of China’s outward foreign direct investment for carbon neutrality target

The carbon reduction effect of China’s outward foreign direct investment for carbon neutrality target

Outward FDI from small developing economies

Outward foreign direct investment (OFDI) and knowledge flow in the context of emerging MNEs: Cases from China, India and South Africa

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