Intellectual property rights,non-market considerations and foreign R&D investments |
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Institution: | 1. University of South Carolina, Darla Moore School of Business, 1014 Greene Street, Columbia, SC 29208, United States;2. Copenhagen Business School, Kilevej 14, Frederiksberg, Denmark;3. HEC Paris, 1 rue de la Liberation, Jouy en Josas, France;4. Universidade Católica Portuguesa, Católica Lisbon School of Business & Economics, Portugal, Palma de Cima, Lisboa 1649-023, Portugal |
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Abstract: | Prior research has focused on how firms use a variety of organizational mechanisms to protect their R&D investments from misappropriation risks in foreign countries. Little is known, however, about how firms can rely on non-market factors to induce preferential treatment by host government authorities, thereby protecting their intellectual property overseas. In this paper, we investigate two such non-market factors, one at the country level, the other at the firm level, that are likely to influence the choice of where firms locate their innovation activities: host country inclination towards the firm's home country and the firm's political capabilities, respectively. We thus examine how IPR policies and non-market factors interact in protecting firm innovation from misappropriation and in making countries more attractive for innovation-related activities. We find support for our predictions in a sample of 1,341 foreign R&D investments made by 163 firms from 14 home countries over the period 2003–2016. |
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