Internationalization and innovation performance of emerging market enterprises: The role of host-country institutional development

被引：202
|
作者：
Wu, Jie [1 ]
Wang, Chengqi [2 ]
Hong, Junjie [3 ]
Piperopoulos, Panagiotis [4 ]
Zhuo, Shuaihe [5 ]
机构：
[1] Univ Macau, Fac Business Adm, Macau, Peoples R China
[2] Univ Nottingham, Sch Business, Nottingham NG7 2RD, England
[3] Univ Int Business & Econ, Sch Int Trade & Econ, 10 East Huixin St, Beijing 100029, Peoples R China
[4] Univ Leeds, Sch Business, Leeds LS2 9JT, W Yorkshire, England
[5] Univ Macau, Dept Econ, Macau, Peoples R China
来源：
JOURNAL OF WORLD BUSINESS | 2016年 / 51卷 / 02期
基金：
中国国家自然科学基金;
关键词：
Internationalization; Innovation performance; Institutional environment; Absorptive capacity; State ownership; Geographic diversification; FOREIGN DIRECT-INVESTMENT; FIRM PERFORMANCE; MULTINATIONAL-ENTERPRISES; ABSORPTIVE-CAPACITY; LOCATION CHOICE; BUSINESS GROUPS; JOINT VENTURES; KNOWLEDGE; DETERMINANTS; ENTRY;
D O I：
10.1016/j.jwb.2015.09.002
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We examine how host-country institutional development influences innovation performance of internationalized emerging market enterprises (EMEs). Our panel-data analysis of Chinese EMEs shows that although host-country institutional development on average enhances innovation performance of the parent, such effects are more pronounced for EMEs with strong absorptive capacity and for those diversifying into a larger number of countries. Interestingly, EMEs with a higher level of state ownership gain more when entering countries with a lower level of institutional development. Our findings offer insights regarding how latecomer EMEs should configure their portfolio of subsidiaries in order to enhance innovation performance of their parent. (C) 2015 Elsevier Inc. All rights reserved.
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页码：251 / 263
页数：13
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