Does International Research and Development Increase Patent Output ? An Analysis of Japanese Pharmaceutical Firms  

Oleh:

Penner-Hahn, Joan ; Shaver, J. Myles

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 26 no. 2 (Feb. 2005), page 121-140.
Topik: RESEARCH; international R & D; patents; pharmaceutical research; absorptive capacity; foreign direct investment

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.18 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Internationalizing research and development is often advocated as a strategy for fostering the development of technological capabilities. Although firms conduct international R & D to top into knowledge bases that reside in foreign countries, we argue that in order to benefit from international R & D investments firms must already possess research capabilities in underlying or complementary technologies. We examine the international R & D expansion activities, research capabilities, and patent output of 65 japanese pharmaceutical firms from 1980 to 1991. We find that firms benefit from international R & D only when they possess existing research capabilities in the underlying technologies. In addition to refining our understanding of when international R & D enhances firm innovation, our results intergrate asset - seeking and asset - based theories of foreign direct investment. Internationalizing R & D to top into foreign knowledge bases is consistent with asset - seeking theories of foreign direct investment, while the contingent nature by which firms benefit from international R & D is consistent with asset - based theories of foreign direct investment and the notion of absorptive capacity.

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