Department of Management

Globalization of Innovation: The Moderating Role of Project-Level Investment Strategy and Country Type in Location Choice for R&D-Related FDI

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Globalization of Innovation: The Moderating Role of Project-Level Investment Strategy and Country Type in Location Choice for R&D-Related FDI. / Choquette, Eliane; Jessen Haakonsson, Stine ; D. Ørberg Jensen, Peter et al.

In: Transnational Corporations, Vol. 28, No. 2, 2021, p. 1-30.

Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaperJournal articleResearchpeer-review

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APA

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Choquette E, Jessen Haakonsson S, D. Ørberg Jensen P, Feodor Nielsen S. 2021. Globalization of Innovation: The Moderating Role of Project-Level Investment Strategy and Country Type in Location Choice for R&D-Related FDI. Transnational Corporations. 28(2):1-30.

MLA

Vancouver

Choquette E, Jessen Haakonsson S, D. Ørberg Jensen P, Feodor Nielsen S. Globalization of Innovation: The Moderating Role of Project-Level Investment Strategy and Country Type in Location Choice for R&D-Related FDI. Transnational Corporations. 2021;28(2):1-30.

Author

Choquette, Eliane ; Jessen Haakonsson, Stine ; D. Ørberg Jensen, Peter et al. / Globalization of Innovation: The Moderating Role of Project-Level Investment Strategy and Country Type in Location Choice for R&D-Related FDI. In: Transnational Corporations. 2021 ; Vol. 28, No. 2. pp. 1-30.

Bibtex

@article{ac996ab6acc740248c5cca184eae274b,
title = "Globalization of Innovation: The Moderating Role of Project-Level Investment Strategy and Country Type in Location Choice for R&D-Related FDI",
abstract = "The current stage of globalization involves geographically dispersed research anddevelopment (R&D) investments that are not confined to advanced economies.These cross-border R&D investments are driven by multinational enterprises{\textquoteright}(MNEs{\textquoteright}) strategies for exploring and/or exploiting foreign locations. In this paper,we analyse location choice and the moderating effect of project-level investmentstrategy (i.e. exploration or exploitation) and type of host economy (i.e. advancedor emerging) on the importance of the innovation framework and local innovationcapabilities. Our analysis of 588 R&D-related foreign direct investment (FDI) projectsin the pharmaceutical and biotech industries during the 2006–2016 period revealsthat whereas a host country{\textquoteright}s innovation framework and capability overall do affectthe location decision, their ultimate effects are conditional on the combination ofproject-level investment strategy and type of economy. Our findings have policyimplications for FDI policies aiming at enhancing linkages between MNEs andlocal actors and national science, technology, innovation and educational policiesand programmes.",
author = "Eliane Choquette and {Jessen Haakonsson}, Stine and {D. {\O}rberg Jensen}, Peter and {Feodor Nielsen}, S{\o}ren",
year = "2021",
language = "English",
volume = "28",
pages = "1--30",
journal = "Transnational Corporations",
issn = "1014-9562",
publisher = "United Nations Conference on Trade and Development",
number = "2",

}

RIS

TY - JOUR

T1 - Globalization of Innovation: The Moderating Role of Project-Level Investment Strategy and Country Type in Location Choice for R&D-Related FDI

AU - Choquette, Eliane

AU - Jessen Haakonsson, Stine

AU - D. Ørberg Jensen, Peter

AU - Feodor Nielsen, Søren

PY - 2021

Y1 - 2021

N2 - The current stage of globalization involves geographically dispersed research anddevelopment (R&D) investments that are not confined to advanced economies.These cross-border R&D investments are driven by multinational enterprises’(MNEs’) strategies for exploring and/or exploiting foreign locations. In this paper,we analyse location choice and the moderating effect of project-level investmentstrategy (i.e. exploration or exploitation) and type of host economy (i.e. advancedor emerging) on the importance of the innovation framework and local innovationcapabilities. Our analysis of 588 R&D-related foreign direct investment (FDI) projectsin the pharmaceutical and biotech industries during the 2006–2016 period revealsthat whereas a host country’s innovation framework and capability overall do affectthe location decision, their ultimate effects are conditional on the combination ofproject-level investment strategy and type of economy. Our findings have policyimplications for FDI policies aiming at enhancing linkages between MNEs andlocal actors and national science, technology, innovation and educational policiesand programmes.

AB - The current stage of globalization involves geographically dispersed research anddevelopment (R&D) investments that are not confined to advanced economies.These cross-border R&D investments are driven by multinational enterprises’(MNEs’) strategies for exploring and/or exploiting foreign locations. In this paper,we analyse location choice and the moderating effect of project-level investmentstrategy (i.e. exploration or exploitation) and type of host economy (i.e. advancedor emerging) on the importance of the innovation framework and local innovationcapabilities. Our analysis of 588 R&D-related foreign direct investment (FDI) projectsin the pharmaceutical and biotech industries during the 2006–2016 period revealsthat whereas a host country’s innovation framework and capability overall do affectthe location decision, their ultimate effects are conditional on the combination ofproject-level investment strategy and type of economy. Our findings have policyimplications for FDI policies aiming at enhancing linkages between MNEs andlocal actors and national science, technology, innovation and educational policiesand programmes.

M3 - Journal article

VL - 28

SP - 1

EP - 30

JO - Transnational Corporations

JF - Transnational Corporations

SN - 1014-9562

IS - 2

ER -