Underperformance duration and R&D internationalization: Institutional contingencies in an emerging economy

IF 5.9 1区 管理学 Q1 BUSINESS International Business Review Pub Date : 2024-05-25 DOI:10.1016/j.ibusrev.2024.102302
Shufeng Xiao , Tianjiao Yu
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Abstract

This paper, based on the behavioral theory of the firm (BTOF), examines the influence of underperformance duration on a firm’s R&D internationalization in terms of both scale and scope. We propose that, under the time pressure stemming from prolonged underperformance, firms increase the scale of their R&D internationalization to expedite the benefits of overseas R&D activities through enhanced synergy and learning effects. Simultaneously, they narrow the geographic scope of foreign R&D efforts to reduce the complexity of coordinating dispersed R&D locations. Additionally, we investigate how the institutional contingencies in emerging economies moderate the time pressure mechanism. We posit that state ownership weakens the relationship between underperformance duration and R&D internationalization strategies (both in terms of scale and scope), whereas regional institutional development strengthens it. We use Heckman’s two-step estimation on a sample of 485 Chinese multinational firms from 2009 to 2018, and find support for our hypotheses.

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业绩不佳持续时间与研发国际化:一个新兴经济体的制度性偶然因素
本文以企业行为理论(BTOF)为基础,从规模和范围两个方面研究了业绩不佳持续时间对企业研发国际化的影响。我们认为,在长期业绩不佳带来的时间压力下,企业会扩大研发国际化的规模,以通过增强协同效应和学习效应来加快海外研发活动的收益。与此同时,它们缩小了海外研发工作的地理范围,以降低协调分散的研发地点的复杂性。此外,我们还研究了新兴经济体的制度偶然性如何缓和时间压力机制。我们认为,国有制会削弱业绩不佳持续时间与研发国际化战略(规模和范围)之间的关系,而地区制度发展则会加强这种关系。我们使用赫克曼两步估计法对 2009 年至 2018 年的 485 家中国跨国公司样本进行了估计,发现我们的假设得到了支持。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
14.10
自引率
6.90%
发文量
95
审稿时长
62 days
期刊介绍: The International Business Review (IBR) stands as a premier international journal within the realm of international business and proudly serves as the official publication of the European International Business Academy (EIBA). This esteemed journal publishes original and insightful papers addressing the theory and practice of international business, encompassing a broad spectrum of topics such as firms' internationalization strategies, cross-border management of operations, and comparative studies of business environments across different countries. In essence, IBR is dedicated to disseminating research that informs the international operations of firms, whether they are SMEs or large MNEs, and guides the actions of policymakers in both home and host countries. The journal warmly welcomes conceptual papers, empirical studies, and review articles, fostering contributions from various disciplines including strategy, finance, management, marketing, economics, HRM, and organizational studies. IBR embraces methodological diversity, with equal openness to papers utilizing quantitative, qualitative, or mixed-method approaches.
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