Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 263171
Loughborough University

Loughborough University Institutional Repository

Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/27201

Title: Unpacking the relationship between outward direct investment and innovation performance: Evidence from Chinese firms
Authors: Fu, Xiaolan
Hou, Jun
Liu, Xiaohui
Keywords: ODI in developed countries
Innovation performance
Chinese MNEs
Issue Date: 2018
Publisher: © Elsevier
Citation: FU, X., HOU, J. and LIU, X., 2018. Unpacking the relationship between outward direct investment and innovation performance: Evidence from Chinese firms. World Development, 102, pp. 111-123.
Abstract: This study investigates the impact of outward direct investment (ODI) by Chinese MNEs on innovation performance and the conditions under which such an impact is moderated, based on a sample of Chinese firms. The empirical evidence suggests that undertaking ODI leads to an increase in the innovation performance of these Chinese firms. The impact of ODI on innovation is contingent on firm characteristics such as in-house R&D, strategic orientation and international experiences as well as contextual factors associated with investment destinations and industry contexts. We also find that learning through ODI is a complex process. There is a substitution between ODI and in-house R&D in Chinese MNEs. Our findings suggest that conducting ODI in developed countries serves as an effective channel for latecomer firms to overcome internal resource constraints and leapfrog towards the technology frontier.
Description: This paper is in closed access until 5th November 2019.
Version: Accepted for publication
DOI: 10.1016/j.worlddev.2017.09.021
URI: https://dspace.lboro.ac.uk/2134/27201
Publisher Link: https://doi.org/10.1016/j.worlddev.2017.09.021
ISSN: 0305-750X
Appears in Collections:Closed Access (Business)

Files associated with this item:

File Description SizeFormat
Liu_Guangdong+OFDI+final.pdfAccepted version352.82 kBAdobe PDFView/Open


SFX Query

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.