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| Author: | Kuemmerle, W. |
| Title: | The drivers of foreign direct investment into research and development: An empirical investigation |
| Journal: | Journal of International Business Studies
1999 : 1. Q, VOL. 30:1, p. 1-24 |
| Index terms: | Finance Markets Foreign investment Electronics industry Pharmaceutical industry Research |
| Freeterms: | FDI |
| Language: | eng |
| Abstract: | In the paper, the determinants of foreign direct investment (FDI) in research and development laboratories are examined by 32 multinational enterprises in the pharmaceutical and electronics industries. The paper applies a dichotomous set of motives for FDI. Results from econometric analysis of 136 laboratory investments show that relative market size and relative strength of a country's science base determine whether FDI in research and development is carried out to exploit existing firmspecific advantages, or to build up new firm specific advantages. This holds true in similar form for Japanese, European and U.S. firms and across the two industries. |
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