Knowledge transfer from reverse innovation in global value chains: A signaling theory perspective

IF 4.2 2区 经济学 Q1 ECONOMICS Economic Modelling Pub Date : 2024-09-04 DOI:10.1016/j.econmod.2024.106883
Na Wang , Yonggui Wang
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Abstract

Reverse innovation, originating in developing countries, is critical to global value chains (GVCs) of multinational corporations (MNCs). However, the impact of knowledge transfer from reverse innovation (KTRI) on MNC returns in the GVCs receives scant attention. Using survey data from 121 subsidiaries in China and applying signaling theory, we examine how knowledge transfer through reverse innovation creates value for the MNCs while inducing perceived adaptation risk, which in turn affects parent company's benefits. We find that KTRI has a positive effect on the perceived value and perceived adaptation risk of reverse innovation. Perceived value increases the benefits to the parent company, while perceived adaptation risk has no significant effect on these benefits. Our study also finds parent company involvement and subsidiary heterogeneity moderate knowledge transfer mechanisms.

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全球价值链中反向创新的知识转移:信号传递理论视角
源自发展中国家的反向创新对跨国公司的全球价值链至关重要。然而,反向创新的知识转移(KTRI)对跨国公司在全球价值链中的回报的影响却很少受到关注。我们利用 121 家在华子公司的调查数据,运用信号传递理论,研究了知识转移如何通过反向创新为跨国公司创造价值,同时诱发感知到的适应风险,进而影响母公司的收益。我们发现,知识转移创新对反向创新的感知价值和感知适应风险有积极影响。感知价值会增加母公司的收益,而感知适应风险对这些收益没有显著影响。我们的研究还发现,母公司参与和子公司异质性对知识转移机制有调节作用。
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来源期刊
Economic Modelling
Economic Modelling ECONOMICS-
CiteScore
8.00
自引率
10.60%
发文量
295
期刊介绍: Economic Modelling fills a major gap in the economics literature, providing a single source of both theoretical and applied papers on economic modelling. The journal prime objective is to provide an international review of the state-of-the-art in economic modelling. Economic Modelling publishes the complete versions of many large-scale models of industrially advanced economies which have been developed for policy analysis. Examples are the Bank of England Model and the US Federal Reserve Board Model which had hitherto been unpublished. As individual models are revised and updated, the journal publishes subsequent papers dealing with these revisions, so keeping its readers as up to date as possible.
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