Outward foreign direct investment and green innovation in Chinese multinational companies

IF 5.9 1区管理学 Q1 BUSINESS International Business Review Pub Date : 2023-10-01 DOI:10.1016/j.ibusrev.2023.102160

Xing Shi , Yujie Zeng , Yanrui Wu , Shuai Wang

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引用次数: 2

Abstract

This paper investigates the reverse green innovation spillovers of outward foreign direct investment (OFDI) in Chinese multinational companies and how environmental regulation stringency in host countries moderates the relationship between OFDI and green innovation. The empirical analysis is based on an integrated dataset of publicly listed firms from 2008 to 2018. The findings demonstrate a significantly positive relationship between OFDI and the green innovation performance of multinational companies. It is also shown that environmental regulation stringency in host countries positively moderates the relationship between OFDI and green innovation. Further analysis reveals the variation of the findings across multinational companies in host countries at different development stages, with different ownership and in industries with different pollution intensities. The observations in this paper imply that the institutional environment of investment destinations matters for reverse technology spillovers, particularly reverse green technology spillovers from OFDI.

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中国跨国公司对外直接投资与绿色创新

本文研究了中国跨国公司对外直接投资(OFDI)的反向绿色创新溢出效应，以及东道国环境监管的严格程度如何调节OFDI与绿色创新之间的关系。实证分析基于2008 - 2018年上市公司的综合数据集。研究结果表明，对外直接投资与跨国公司绿色创新绩效之间存在显著的正相关关系。东道国环境监管严格程度正向调节对外直接投资与绿色创新之间的关系。进一步的分析揭示了东道国不同发展阶段、不同所有权和不同污染强度行业的跨国公司的调查结果的差异。本文的研究结果表明，投资目的地的制度环境对技术逆向溢出，特别是对外直接投资的绿色技术逆向溢出至关重要。

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来源期刊

International Business Review BUSINESS-

CiteScore

14.10

自引率

6.90%

发文量

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.