Internationalization strategy, reverse technology spillovers and firm growth—Anempirical analysis of Chinese firmsfrom integrating resource and institution perspective

Abstract

Abstract: Employing the firm level data of somelisted companies over the period of 2006-2011, this paper examines empirically the relationship between corporate international behaviour and reverse technology spillover effects based on classical international R&D spillover model, and test the moderating impact of firm level factors of resource and institution and situational characteristics of the region. Mainresultscanbedrawnasfollows: there really exist reverse technology spillover effects with an inverted U-shaped relationship between the two.Further, we found corporate absorptive capacity and regional heterogeneity moderate the intensity of reverse technology spillover. The impacts of human resources and the level of regional finance are positive, however, the role of corporate institutional factors (government involvement and foreign involvement) is complex. When considering the institutional factors ofthe region, the impacts of government involvement are insignificant and foreign involvement arepositive; without considering the role of institutional factors of region,results are the opposite.

Key words: internationalization, reverse technology spillover effects, TFP, absorptive capacity

CLC Number:

F832.48

Chen Yan, Zhai Ruirui, Han Wenzheng. Internationalization strategy, reverse technology spillovers and firm growth—Anempirical analysis of Chinese firmsfrom integrating resource and institution perspective[J]. Science Research Management, 2014, 35(6): 24-32.

References

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