R&D intensity for innovative and adaptive purposes in overseas subsidiaries: Evidence from Japanese multinational enterprises

Yasuyuki Todo, Satoshi Shimizutani

研究成果: Article査読

6 被引用数 (Scopus)

抄録

This paper investigates the causes of R&D activities of overseas subsidiaries using firm-level panel data for Japanese multinationals. We distinguish between overseas innovative R&D (basic and applied research) and adaptive R&D (development and design) and examine how the intensity of each type of R&D is determined, using Amemiya Generalized Least Squares estimation. Our findings suggest that overseas innovative R&D aims at the exploitation of foreign knowledge, whereas adaptive R&D has no such aim. In addition, the size of the host country's market positively affects both types, whereas geographic distance between the host and the home country has a negative impact. Finally, the parent firm's knowledge is found to increase the size of overseas adaptive R&D but not innovative R&D. Based on a theoretical model, we interpret this evidence as showing that knowledge of the parent firm is not fully utilized in innovative R&D of its subsidiary.

本文言語English
ページ(範囲)31-45
ページ数15
ジャーナルResearch in International Business and Finance
23
1
DOI
出版ステータスPublished - 2009 1
外部発表はい

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Finance

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