Outside the Triad: An Examination of International R&D Investments within Peripheral Economies

Björn Ambos and Tina C. Ambos

Chapter 8 in Multinationals on the Periphery, 2007, pp 188-205 from Palgrave Macmillan

Abstract: Abstract Corporate R&D, traditionally one of the most shielded and most centralized activities in the corporate value chain, has experienced a rapid internationalization over the last decade and a half. The risks of technology leakages, expensive double inventions, difficulties to control and a desire to reap economies of scale have traditionally led firms to concentrate their R&D activities within close proximity to corporate headquarters (see Ambos and Schlegelmilch, 2004; Pearce, 1989). A changing competitive environment, the increasing dispersion of knowledge and the concentration of competencies in so-called ‘pockets of knowledge’ around the world, has forced firms to absorb the risks of loosening control on their core competencies and to set up R&D units in overseas locations.

Keywords: Foreign Direct Investment; Multinational Enterprise; International Business Study; Psychic Distance; Local Embeddedness (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59304-6_8

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DOI: 10.1057/9780230593046_8

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