Inward FDI and innovation in transitional countries

Allan Webster ()
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Allan Webster: Bournemouth University, Executive Business Centre

No BAFES02, BAFES Working Papers from Department of Accounting, Finance & Economic, Bournemouth University

Abstract: This study empirically examines the relationship between innovation and foreign ownership for a large sample of firms in 29 transitional countries, taken from the 2013 BEEPS survey. The analysis is based on two different aspects of FDI theory – technology transfer and strategic asset seeking (with respect to R&D). It finds that firms who innovate with respect to new products, new processes and new management techniques have, on balance, more foreign ownership than those who do not. The evidence supports a view that strategic asset seeking is associated with inward FDI. It also supports the view that technology transfer is also an important feature of the relationship between innovation and FDI in transitional countries. Of the two effects the technology transfer effect is of more consequence than the strategic asset seeking effect.

Keywords: FDI; innovation; transition; firm; technology transfer; strategic asset seeking (search for similar items in EconPapers)
JEL-codes: F23 O30 P20 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2016-07
New Economics Papers: this item is included in nep-cse, nep-ino, nep-int, nep-sbm and nep-sog
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