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Knowledge spillovers through human mobility across national borders: Evidence from Zhongguancun Science Park in China |
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| Authors: | Igor Filatotchev Xiaohui Liu Jiangyong Lu Mike Wright |
| Affiliation: | a Sir John Cass Business School, City University London, 106 Bunhill Row, London EC1Y 8TZ, UK b Economics, University of Vienna, Austria c Business School, Loughborough University, Leicestershire LE11 3TU, UK d Department of Strategic Management, Guanghua School of Management, Peking University, Beijing 100871, China e Centre for Management Buy-out Research, Nottingham University Business School, Nottingham NG8 1BB, UK |
| Abstract: | This paper investigates the impact of returnee entrepreneurs and their knowledge spillovers on innovation in high-tech firms in China. Using panel data for 1318 high-tech firms in Beijing Zhongguancun Science Park (ZSP) we find that returnee entrepreneurs create a significant spillover effect that promotes innovation in other local high-tech firms. The extent of this spillover effect is positively moderated by the non-returnee firm's absorptive capacity approximated by the skill level of employees. Multinational enterprises’ R&D activities positively affect the innovation intensity of non-returnee firms only when these local firms possess the sufficient level of absorptive capacity. Our findings have important implications for policy-makers and practitioners. |
| Keywords: | Returnee entrepreneurs Knowledge spillovers Skill intensity MNEs&rsquo R& D activities Innovation |
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