 The impact of greenfield FDI and mergers and acquisitions on innovation in Chinese high-tech industriesXiaohui Liu and Huan Zou Journal of World Business, 2008, vol. 43, issue 3, 352-364 Abstract: Using panel data analysis, this paper investigates the impact of international technology spillovers on innovation in Chinese high-tech industries through greenfield foreign direct investment, cross-border mergers and acquisitions and trade. We report that foreign greenfield R&D activities by multinational corporations in a host country significantly affect the innovation performance of domestic firms and there exist both intra-industry and inter-industry spillovers from foreign greenfield R&D. There are only inter-industry M&A spillovers. We find that importing foreign technology and investing in domestic R&D have positive impacts on domestic innovation. The findings have important implications for theory, practitioners and policy-makers. Keywords: Innovation; performance; Foreign; R&D; activities; Cross-border; M&As; Chinese; high-tech; industries (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:worbus:v:43:y:2008:i:3:p:352-364 Ordering information: This journal article can be ordered from Access Statistics for this article Journal of World Business is currently edited by David Collings and Jonathan Doh More articles in Journal of World Business from Elsevier |
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