Skip to main content
Fachgebiete
Automobil + Motoren Bauwesen + Immobilien Business IT + Informatik Elektrotechnik + Elektronik Energie + Nachhaltigkeit Finance + Banking Management + Führung Marketing + Vertrieb Maschinenbau + Werkstoffe Versicherung + Risiko
DE
EN
Bücher
Zeitschriften
Themenseiten
Organisationspsychologie Projektmanagement Marketing Smart Manufacturing
Weitere Formate
Podcasts Webinare Technik Webinare Wirtschaft Kongresse Veranstaltungskalender Awards
Jetzt Einzelzugang starten
Zugang für Unternehmen
Referenzkunden
SLX-Digitalkonferenz: Zukunftswerkstatt 2024

Mehr Umsatz mit Top-Kontakten

Am 7. Mai erfahren Sie, wie Vertriebsteams Leadgenerierung, Leadnurturing und Leadstrategien effizient steuern können.
Erweiterte Suche
Anmelden
nach oben
Management International Review
Erschienen in: Management International Review 4/2015

01.08.2015 | Research Article

Spillover Effects of Foreign Direct Investment: How do Region-Specific Institutions Matter?

verfasst von: Jingtao Yi, Yan Chen, Chengqi Wang, Mario Kafouros

Erschienen in: Management International Review | Ausgabe 4/2015

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

This study examines the role of region-specific institutions in explaining foreign direct investment (FDI) spillovers. The findings reveal that domestic firms in different regions of China do not equally benefit from inward FDI. Firms that operate in regions with higher levels of intellectual property right protection, market development and international openness are better able to absorb spillovers and improve their productivity. By demonstrating how subnational location-bound institutions influence the spillover effects of FDI, the paper extends prior literature that largely focuses on either firm- and industry-specific determinants or on country-level institutional idiosyncrasies.
Vorheriger Artikel Are Social Ties Always Valuable to Knowledge Search? Contextualizing Knowledge Search by Foreign Subsidiary Executives in an Emerging Economy
Nächster Artikel What Motivates Financial Innovation Across Countries? The Influences of Performance Aspiration and Economic Freedom

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Management International Review

MANAGEMENT INTERNATIONAL REVIEW is a double-blind refereed journal that aims at the advancement and dissemination of research in the fields of International Management.

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Jetzt informieren
Literatur
Aiken, L., & West, S. (1991). Multiple regression: testing and interpreting interactions. Newbury Park: Sage Publications.
Aitken, B., Hanson, G., & Harrison, A. (1997). Spillovers, foreign investment, and export behaviour. Journal of International Economics, 43(1–2), 103–132.CrossRef
Aitken, B., & Harrison, A. E. (1999). Do domestic firms benefit from direct foreign investment? evidence from Venezuela. American Economic Review, 89(3), 605–618.CrossRef
Ali, I., Rehman, K. U., Yilmaz, A. K., Nazir, S., & Ali, J. F. (2010). Effects of corporate social responsibility on consumer retention in cellular industry of Pakistan. African Journal of Business Management, 4(4), 475–485.
Altomonte, C., & Pennings, E. (2009). Domestic plant productivity and incremental spillovers from foreign direct investment. Journal of International Business Studies, 40(7), 1131–1148.CrossRef
Antal-Mokos, Z. (1998). Privatisation, politics, and economic performance in Hungary. New York: Cambridge University Press.
Blomström, M., & Sjöholm, F. (1999). Technology transfer and spillovers: does local participation with multinationals matter? European Economic Review, 43(4–6), 915–923.CrossRef
Boisot, M. H., & Child, J. (1996). From fiefs to clans and network capitalism: explaining China’s emergent economic order. Administrative Science Quarterly, 41(4), 600–628.CrossRef
Boisot, M., & Meyer, M. (2008). Which way through the open door? reflections on the internationalization of Chinese firms. Management and Organization Review, 4(3), 349–365.CrossRef
Buckley, P. J., Clegg, J., & Wang, C. (2002). The impact of inward FDI on the performance of Chinese manufacturing firms. Journal of International Business Studies, 33(4), 637–655.CrossRef
Buckley, P. J., Clegg, J., & Wang, C. (2007a). Is the relationship between inward FDI and spillover effects linear? an empirical examination of the case of China. Journal of International Business Studies, 38(3), 447–459.CrossRef
Buckley, P. J., Clegg, J., & Wang, C. (2007b). The impact of foreign ownership, local ownership and industry characteristics on spillovers from foreign direct investment in China. International Business Review, 16(2), 142–158.CrossRef
Chan, C. M., Makino, S., & Isobe, T. (2010). Does subnational region matter? foreign affiliate performance in the United States and China. Strategic Management Journal, 31(11), 1226–1243.CrossRef
Chen, Y., & Puttitanun, T. (2005). Intellectual property rights and innovation in developing countries. Journal of Development Economics, 78(2), 474–493.CrossRef
Cheung, K., & Lin, P. (2004). Spillover effects of FDI on innovation in China: evidence from the provincial data. China Economic Review, 15(1), 25–44.CrossRef
Coriat, B., & Weinstein, O. (2002). Organizations, firms and institutions in the generation of innovation. Research Policy, 31(2), 273–290.CrossRef
Cuervo-Cazurra, A., & Dau, L. A. (2009). Pro-market reforms and firm profitability in developing countries. Academy of Management Journal, 52(6), 1348–1368.CrossRef
Cui, L., & Jiang, F. (2012). State ownership effect on firms’ FDI ownership decisions under institutional pressure: a study of Chinese outward-investing firms. Journal of International Business Studies, 43(3), 264–284.CrossRef
Dau, L. A. (2013). Learning across geographic space: pro-market reforms, multinationalization strategy, and profitability. Journal of International Business Studies, 44(3), 235–262.CrossRef
Dunning, J. H. (1993). Multinational enterprises and the global economy. Wokingham: Addison-Wesley.
Engelbrecht, H.-J. (1997). International R&D spillovers, human capital and productivity in OECD economies: an empirical investigation. European Economic Review, 41(8), 1479–1488.CrossRef
Fan, G., Wang, X., & Zhu, H. (2010). NERI index of marketization of China’s provinces 2009 report. Beijing: Economic Science Press.
Feinberg, S., & Majumdar, S. K. (2001). Technology spillovers and foreign direct investment in the Indian pharmaceutical industry. Journal of International Business Studies, 32(3), 421–437.CrossRef
Fortanier, F. (2007). Foreign direct investment and host country economic growth: does the investor’s country of origin play a role? Transnational Corporations, 16(2), 41–76.
Frye, T., & Shleifer, A. (1997). The invisible hand and the grabbing hand. American Economic Review, 87(2), 354–358.
Gans, J. S., Hsu, D. H., & Stern, S. (2008). The impact of uncertain intellectual property rights on the market for ideas: evidence from patent grant delays. Management Science, 54(5), 982–997.CrossRef
Gao, G. Y., Murray, J. Y., Kotabe, M., & Lu, J. (2010). A ‘strategy tripod’ perspective on export behaviors: evidence from domestic and foreign firms based in an emerging economy. Journal of International Business Studies, 41(6), 377–396.CrossRef
Girma, S. (2005). Absorptive capacity and productivity spillovers from FDI: a threshold regression analysis. Oxford Bulletin of Economics and Statistics, 67(3), 281–306.CrossRef
Girma, S., Gorg, H., & Pisu, M. (2008). Exporting, linkages and productivity spillovers from foreign direct investment. Canadian Journal of Economics, 41(1), 320–334.CrossRef
Girma, S., Greenaway, D., & Wakelin, K. (2001). Who benefits from foreign direct investment in the UK? Scottish Journal of Political Economy, 48(2), 119–133.CrossRef
Goldberg, L. G., & Grosse, R. (1994). Location choice of foreign banks in the United States. Journal of Economics and Business, 46(5), 513–533.CrossRef
Görg, H., & Greenaway, D. (2004). Much ado about nothing? do domestic firms really benefit from foreign direct investment? World Bank Research Observer, 19(2), 171–197.CrossRef
Görg, H., & Strobl, E. (2001). Multinational companies and productivity spillovers: a meta-analysis. Economic Journal, 111(475), F723–F739.CrossRef
Gould, D. M., & Gruben, W. C. (1996). The role of intellectual property rights in economic growth. Journal of Development Economics, 48(2), 323–350.CrossRef
Grabher, G., & Stark, D. (1997). Restructuring networks in post-socialism. Oxford: Oxford University Press.
Griliches, Z., & Mairesse, J. (1995). Production functions: the search for identification. NBER Working Paper No. 5067, Washington. doi:10.​3386/​w5067.
Grossman, G., & Helpman, E. (1991). Quality ladders in the theory of growth. Review of Economic Studies, 58(1), 43–61.CrossRef
Hale, G., & Long, C. (2011). Did foreign direct investment put an upward pressure on wages in China? IMF Economic Review, 59(3), 404–430.CrossRef
Haskel, E. J., Pereira, C. S., & Slaughter, J. M. (2007). Does inward foreign direct investment boost the productivity of domestic firms? Review of Economics and Statistics, 89(3), 482–496.CrossRef
He, C., Wei, D. W., & Xie, X. (2008). Globalization, institutional change, and industrial location: economic transition and industrial concentration in China. Regional Studies, 42(1), 1–23.CrossRef
Holmes, T. J., McGrattan, E. R., & Prescott, E. C. (2014). Quid pro quo: technology capital transfers for market access in China. NBER Working Paper No. w19249, Washington. doi:10.​3386/​w19249.
Hong, J., Wang, C., & Kafouros, M. (2014). The role of the state in explaining the internationalization of emerging market enterprises. British Journal of Management,. doi:10.​1111/​1467-8551.​12059.
Huang, L., Liu, X., & Xu, L. (2012). Regional innovation and spillover effects of foreign direct investment in China: a threshold approach. Regional Studies, 46(5), 583–596.CrossRef
Jaffe, A. B., & Lerner, J. (2004). Innovation and its discontents: how our broken patent system is endangering innovation and progress, and what to do about it. Princeton and Oxford: Princeton University Press.
Jordaan, J. A. (2008). Intra- and inter-industry externalities from foreign direct investment in the Mexican manufacturing sector: new evidence from Mexican regions. World Development, 36(12), 2838–2854.CrossRef
Kafouros, M. I. (2008). Industrial innovation and firm performance: the impact of scientific knowledge on multinational corporations. Cheltenham: Edward Elgar Publishing.
Kafouros, M. I., & Buckley, P. J. (2008). Under what conditions do firms benefit from the research efforts of other organizations? Research Policy, 37(2), 225–239.CrossRef
Kafouros, M. I., Buckley, P. J., & Clegg, J. (2012). The effects of global knowledge reservoirs on the productivity of multinational enterprises: the role of international depth and breadth. Research Policy, 41(5), 848–861.CrossRef
Ke, S., & Lai, M. (2011). Productivity of Chinese regions and the location of multinational research and development. International Regional Science Review, 34(1), 102–131.CrossRef
Keller, W. (1996). Absorptive capacity: on the creation and acquisition of technology in development. Journal of Development Economics, 49(1), 199–227.CrossRef
Khanna, T., & Palepu, K. (1997). Why focused strategies may be wrong for emerging markets. Harvard Business Review, 75(4), 41–51.
Khanna, T., & Rivkin, J. W. (2001). Estimating the performance effects of business groups in emerging markets. Strategic Management Journal, 22(1), 45–74.CrossRef
Khanna, T., & Yafeh, Y. (2007). Business groups in emerging markets: paragons or parasites. Journal of Economic Literature, 45(2), 331–372.CrossRef
Kokko, A., Tasini, R., & Zejan, M. (1996). Local technological capability and productivity spillovers from FDI in the Uruguayan manufacturing sector. Journal of Development Studies, 32(4), 602–611.CrossRef
Kokko, A., Tasini, R., & Zejan, M. (2001). Trade regimes and spillover effects of FDI: evidence from Uruguay. Weltwirtschaftliches Archiv, 137(1), 124–149.CrossRef
Lee, K., & Kim, B. (2009). Both institutions and policies matter but differently for different income groups of countries: determinants of long-run economic growth revisited. World Development, 37(3), 533–549.CrossRef
Levinsohn, J., & Petrin, A. (2003). Estimating production functions using inputs to control for unobservables. Review of Economic Studies, 70(2), 317–342.CrossRef
Liu, X., Wang, C., & Wei, Y. (2009). Do local manufacturing firms benefit from transactional linkages with multinational enterprises in China? Journal of International Business Studies, 40(7), 1113–1130.CrossRef
Luo, Y., & Tung, R. L. (2007). International expansion of emerging market enterprises: a springboard perspective. Journal of International Business Studies, 38(4), 481–498.CrossRef
Makino, S., & Beamish, P. W. (1998). Performance and survival of international joint ventures with non-conventional ownership structures. Journal of International Business Studies, 29(4), 797–818.CrossRef
Maskus, K. E. (2000). Intellectual property rights in the global economy. Washington: Institute for International Economics.
McEvily, B., & Zaheer, A. (1999). Bridging ties: a source of firm heterogeneity in competitive capabilities. Strategic Management Journal, 20(12), 1133–1156.CrossRef
Meon, P.-G., & Sekkat, K. (2005). Does corruption grease or sand the wheels of growth. Public Choice, 122(1–2), 69–97.CrossRef
Meyer, K. E. (2001). Institutions, transaction costs and entry mode choice in Eastern Europe. Journal of International Business Studies, 31(2), 357–367.CrossRef
Meyer, K. E., Estrin, S., Bhaumik, S. K., & Peng, M. W. (2009). Institutions, resources, and entry strategies in emerging economies. Strategic Management Journal, 30(1), 61–80.CrossRef
Meyer, K. E., & Nguyen, H. V. (2005). Foreign investment strategies and subnational institutions in emerging markets: evidence from Vietnam. Journal of Management Studies, 42(1), 63–93.CrossRef
Meyer, K., & Sinani, E. (2008). When and where does foreign direct investment generate positive spillovers? a meta analysis. Journal of International Business Studies, 40(7), 1075–1094.CrossRef
Mullen, J., & Williams, M. (2007). Foreign direct investment and regional productivity spillovers in US manufacturing. Review of Urban & Regional Development Studies, 19(3), 185–196.CrossRef
Nachum, L. (2000). Economic geography and the location of TNCs: financial and professional service FDI to the US. Journal of International Business Studies, 31(3), 367–385.CrossRef
Neter, J., Wasserman, W., & Kutner, M. H. (1985). Applied linear statistical models. Homewood: Irwin.
North, D. C. (1990). Institutions, institutional change and economic performance. Cambridge: Cambridge University Press.CrossRef
Olley, S., & Pakes, A. (1996). The dynamics of productivity in the telecommunications equipment industry. Econometrica, 64(6), 1263–1298.CrossRef
Ortega, F., & Peri, G. (2014). Openness and income: the roles of trade and migration. Journal of International Economics, 92(2), 231–251.CrossRef
Peck, J., & Zhang, J. (2013). A variety of capitalism with Chinese characteristics? Journal of Economic Geography, 13(3), 357–396.CrossRef
Qi, J., Zheng, Y., Laurenceson, J., & Li, H. (2009). Productivity spillovers from FDI in China: regional differences and threshold effects. China & World Economy, 17(4), 18–35.CrossRef
Sjöholm, F. (1999). Technology gap, competition and spillovers from foreign direct investment: evidence from establishment data. Journal of Development Studies, 36(1), 53–73.CrossRef
State Statistical Bureau of China (SSB) (2008). China statistical yearbook. Beijing: China Statistical Press.
Tihanyi, L., & Roth, A. S. (2002). Technology transfer and institutional development in Central and Eastern Europe. Journal of World Business, 37(3), 188–198.CrossRef
Wang, C., Buckley, P., Clegg, J., & Kafouros, M. (2007). The impact of foreign direct investment on Chinese export performance. Transnational Corporations, 16(2), 119–136.
Wang, C., Deng, Z., Kafouros, M., & Chen, Y. (2012a). Reconceptualizing the spillover effects of foreign direct investment: a process dependent approach. International Business Review, 21(3), 452–464.CrossRef
Wang, C., Hong, J., Kafouros, M., & Wright, M. (2012b). Exploring the role of government involvement in outward direct investment from emerging economies. Journal of International Business Studies, 43(7), 655–676.CrossRef
Wei, Y., & Liu, X. (2006). Productivity spillovers from R&D, exports and FDI in China’s manufacturing sector. Journal of International Business Studies, 37(4), 544–557.CrossRef
Wright, M., Filatotchev, I., Hoskisson, R. E., & Peng, M. W. (2005). Strategy research in emerging economies: challenging the conventional wisdom—introduction. Journal of Management Studies, 42(1), 1–33.CrossRef
Yi, J., Wang, C., & Kafouros, M. (2013). The effects of innovative capabilities on exporting: do institutional forces matter? International Business Review, 22(2), 392–406.CrossRef
Zhang, Y., Li, H., Li, Y., & Zhou, L. (2010). FDI spillovers in an emerging market: the role of foreign firms’ country origin diversity and domestic firms’ absorptive capacity. Strategic Management Journal, 31(9), 969–989.
Zhou, C., Delios, A., & Yang, J. Y. (2002). Locational determinants of Japanese foreign direct investment in China. Asia Pacific Journal of Management, 19(1), 63–86.CrossRef
Zhou, C., & Li, J. (2008). Product innovation in emerging market-based international joint ventures: an organizational ecology perspective. Journal of International Business Studies, 39(7), 1114–1132.CrossRef
Metadaten
Titel
Spillover Effects of Foreign Direct Investment: How do Region-Specific Institutions Matter?
verfasst von
Jingtao Yi
Yan Chen
Chengqi Wang
Mario Kafouros
Publikationsdatum
01.08.2015
Verlag
Springer Berlin Heidelberg
Erschienen in
Management International Review / Ausgabe 4/2015
Print ISSN: 0938-8249
Elektronische ISSN: 1861-8901
DOI
https://doi.org/10.1007/s11575-014-0235-2

Weitere Artikel der Ausgabe 4/2015

Management International Review 4/2015 Zur Ausgabe

Research Article

What Motivates Financial Innovation Across Countries? The Influences of Performance Aspiration and Economic Freedom

Book Review

Dowling, P. J., Festing, M., Engle Sr., A. D., International Human Resource Management (6th Edition), Cengage Learning EMEA, 2013

Research Article

Are Social Ties Always Valuable to Knowledge Search? Contextualizing Knowledge Search by Foreign Subsidiary Executives in an Emerging Economy

Research Article

Learning from Risky Environments: Global Diversification Strategies of Spanish MNEs

Research Article

The Co-evolution of Learning and Internationalization Strategy in International New Ventures

Premium Partner

    Bildnachweise