Locational Determinants of Overseas R&D Investments by Chinese Firms

In this paper, we study the location distribution and determinants for Chinese firms’ overseas Research and Development(R&D) activities, based on a dataset of 1,500 Chinese firms that established overseas R&D subsidiaries during the years 2010-2014. Integrating Dunning’s eclectic paradigm and Uppsala Model, we construct a two-dimensional model, which consists of the determinants from host countries and from the interactions between the host countries and the home country, China. We use a multiple-regression method to analyze the determinants and rationale of the location choice of Chinese firms’ overseas R&D activities. By identifying the determinants of the location of the Chinese firms, we aim to reveal whether and where the location strategy of Chinese firms’ R&D globalization differs from those of the firms in the U.S., Europe and Japan;and to provide a reference for Chinese firms in their strategy-making on R&D globalization.

海外研发战略能提升企业国际化绩效吗?——基于高层阶梯理论的实证研究

本文以2010~2015年我国电子通讯设备制造业上市公司的面板数据为样本,对研发国际化是否有助于开拓海外市场进行实证检验,并基于高层阶梯理论,进一步将海外研发战略的研究向前端延伸,探索了其在高管团队国际化经验与国际化绩效之间的中介作用机制。结果表明:海外研发深度显著正向影响企业的国际化绩效,而广度对企业国际化绩效的影响不显著。高管团队国际化经验既直接正向影响企业的国际化绩效,又通过海外研发深度和广度提升企业的国际化绩效,海外研发深度和广度战略在高管团队国际化经验与企业国际化绩效之间起中介作用。

中国企业海外研发组合结构与创新绩效研究

海外研发投资已经成为以中国为代表的新兴经济体后发跨国企业提升创新能力的重要战略选择。本文以中国2009-2014年八个行业的上市公司为研究样本,采用面板的负二项回归模型,从海外研发组合结构两个维度(广度和强度)检验对母公司创新绩效的影响关系,结果发现海外研发广度与母公司创新绩效之间存在倒U型曲线关系,海外研发强度与母公司创新绩效之间存在U型曲线关系。另外,还发现企业的吸收能力和海外投资经验在海外研发广度、强度与母公司创新绩效之间的起着积极的调节作用。该研究结果可以为以中国为代表的新兴经济体跨国企业海外研发投资决策提供一定的借鉴意义。