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題名 Detecting Which Firm-Specific Characteristics Impact Market-Oriented R&D
作者 翁永和
Hsu, Kuang-Chung
Weng, Yungho
貢獻者 經濟系
關鍵詞 Multinationals ; R&D offshoring ; Foreign direct investment
日期 2017
上傳時間 21-Mar-2018 17:36:14 (UTC+8)
摘要 This paper investigates which firm-specific characteristics lead multinational enterprises (MNEs) to increase their R&D expenditure in host countries as a way of expanding their business into local markets (market-oriented R&D). The literature that addresses this topic is quite limited because of the difficulty of separating market-oriented R&D expenditure from knowledge-sourcing R&D expenditure in the data. We argue that determining the relationship between local sales and R&D expenditure is a better way to identify whether MNEs are investing market-oriented R&D than is separating the two types of R&D. For connecting firm-specific characteristics, local-market sales, and R&D expenditure together, we adapt two-stage regressions. By employing data from Taiwanese multinationals from 2003 to 2006, we found that if an MNE moves its technology toward capital-intensive products, it increases its R&D expenditure to promote its sales in the local markets in the host country.
關聯 Empirical Economics
資料類型 article
DOI https://doi.org/10.1007/s00181-017-1340-4
dc.contributor 經濟系zh_Tw
dc.creator (作者) 翁永和zh_TW
dc.creator (作者) Hsu, Kuang-Chungen_US
dc.creator (作者) Weng, Yunghoen_US
dc.date (日期) 2017en_US
dc.date.accessioned 21-Mar-2018 17:36:14 (UTC+8)-
dc.date.available 21-Mar-2018 17:36:14 (UTC+8)-
dc.date.issued (上傳時間) 21-Mar-2018 17:36:14 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/116417-
dc.description.abstract (摘要) This paper investigates which firm-specific characteristics lead multinational enterprises (MNEs) to increase their R&D expenditure in host countries as a way of expanding their business into local markets (market-oriented R&D). The literature that addresses this topic is quite limited because of the difficulty of separating market-oriented R&D expenditure from knowledge-sourcing R&D expenditure in the data. We argue that determining the relationship between local sales and R&D expenditure is a better way to identify whether MNEs are investing market-oriented R&D than is separating the two types of R&D. For connecting firm-specific characteristics, local-market sales, and R&D expenditure together, we adapt two-stage regressions. By employing data from Taiwanese multinationals from 2003 to 2006, we found that if an MNE moves its technology toward capital-intensive products, it increases its R&D expenditure to promote its sales in the local markets in the host country.en_US
dc.format.extent 467064 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Empirical Economics-
dc.subject (關鍵詞) Multinationals ; R&D offshoring ; Foreign direct investmenten_US
dc.title (題名) Detecting Which Firm-Specific Characteristics Impact Market-Oriented R&Dzh_TW
dc.type (資料類型) article-
dc.identifier.doi (DOI) 10.1007/s00181-017-1340-4-
dc.doi.uri (DOI) https://doi.org/10.1007/s00181-017-1340-4-