自建与合作:资源与海外研发机构进入模式研究

中国海外投资增速超过外商FDI增速已成不可阻挡之势,中国企业的海外研发投资俨然跃升为国际投资的新话题。然而已有对新兴市场企业海外研发投资的关注集中在东道国因素,忽略了新兴市场特定制度下的母国公司特点。本文立足母国企业层面,采用中国46家海外研发机构调研数据检验了资源对企业海外研发机构进入模式的影响以及政治关联对两者关系的调节作用。结果表明:中国情境下,企业实力越强(即技术资源和经济资源越丰富),越倾向于选择自建研发机构。同时政治关联对技术资源产生替代作用,负向调节技术资源与进入模式的关系。本文的价值体现在:理论上丰富了"资源—战略"理论的已有边界和应用条件,实践上为中国企业海外研发活动提供了有益的建议。

By self vs.cooperation: The relationship between resources and entry mode of oversea R&D subsidiaries by Chinese MNEs

Chinese oversea R&D investment has already been a new issue in international business. The previous studies about the oversea R&D investment by emerging market multinational enterprises almost focus on the host factors, leaving the parent firms’ factors untouched. Focusing on this gap, this paper examines the relationship between resource and entry mode, and tests the moderate role of political connection by 46 Chinese oversea R&D subsidiaries. The results show that, the firms with more technological resources and economic resource tend to choose the self-building mode. In addition, the political connection negatively moderates the relationship between technological resource and entry mode. This paper contributes to the existing research on “resource-strategy” and provides the practical implication for Chinese oversea R&D activities.