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FDI Motivation and Knowledge Spillovers to Local Firms

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한국국제경영학회 (Korean Academy of International Business)|2017.05|국제경영연구 (International Business Journal)|제28권 제2호|pp. 111-137|DOI http://dx.doi.org/10.14365/ibj.2017.28.2.5

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해외직접투자신흥국Foreign direct investmentKnowledge spillover지식확산투자동기Investment motivationsEmerging country
주제분류경영학

초록

The purpose of this study is to fill an existing gap in research, which ignores the influence of disparate foreign direct investment (FDI) motivations on knowledge spillovers and overlooks its different impacts by technological levels in the literature. In this vein, this study identifies two types of FDI motivations (market-oriented FDI vs export-oriented FDI), classifies industries by technological levels, and then explores spillover effects from foreign investments on local industries. The central findings of this study are that the types of FDI motivation appear to be an important determinant of the effects, but such effects on FDI spillovers are significantly influenced by technological levels. Based on these findings, this study provides managerial as well as important policy implications.

Abstract

The purpose of this study is to fill an existing gap in research, which ignores the influence of disparate foreign direct investment (FDI) motivations on knowledge spillovers and overlooks its different impacts by technological levels in the literature. In this vein, this study identifies two types of FDI motivations (market-oriented FDI vs export-oriented FDI), classifies industries by technological levels, and then explores spillover effects from foreign investments on local industries. The central findings of this study are that the types of FDI motivation appear to be an important determinant of the effects, but such effects on FDI spillovers are significantly influenced by technological levels. Based on these findings, this study provides managerial as well as important policy implications.

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