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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
Learning
Innovation performance
Chinese MNEs
Issue Date: 2017
Publisher: Elsevier
Citation: FU, X., HOU, J. and LIU, X., 2017. Unpacking the relationship between outward direct investment and innovation performance: Evidence from Chinese firms. World Development, In Press.
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 24 months after publication.
Version: Accepted for publication
URI: https://dspace.lboro.ac.uk/2134/27201
Publisher Link: https://www.sciencedirect.com/science/journal/0305750X?sdc=1
ISSN: 0305-750X
Appears in Collections:Closed Access (Business School)

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