Which innovation strategy do internationalised firms follow?: evidence from Spain

Dolores Añón Higón

International Journal of Multinational Corporation Strategy, 2016, vol. 1, issue 3/4, 313-336

Abstract: This paper compares the innovation strategy of internationalised firms, foreign-owned subsidiaries and domestic exporters, relative to firms that serve the domestic market only. The analysis is performed on a sample of manufacturing Spanish firms over the period 2006-2011. We not only focus on different forms of innovation, distinguishing between imitation and pioneer innovation, but also on the heterogeneity of exporters and foreign-owned firms. We find that foreign-owned firms and domestic exporters (excluding those serving only the EU market) are more likely to introduce market novelties ahead of competitors in low-tech sectors and, to a lesser extent, imitate more than local firms. However, domestic exporters and foreign-owned firms in Spain are not more innovative (neither in terms of original nor imitative products) than local firms in high-tech sectors.

Keywords: foreign-owned subsidiaries; exporting; local firms; Spain; innovation strategy; internationalisation; domestic exporters; manufacturing industry. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmcst:v:1:y:2016:i:3/4:p:313-336

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