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Unpacking the Impact of OFDI Speed and Rhythm on Innovation Performance: Evidence from Chinese Firms

Published online by Cambridge University Press:  16 May 2022

Xiaobo Wu ,
Jian Du Open the ORCID record for Jian Du [Opens in a new window] ,
Yue Xu ,
Hongqi Xu  and
Shan Zhu
Xiaobo Wu
Affiliation:
Zhejiang University, China
Jian Du*
Affiliation:
Zhejiang University, China
Yue Xu
Affiliation:
Cardiff University Business School, UK
Hongqi Xu
Affiliation:
Zhejiang University, China China Vanke Co., Ltd.
Shan Zhu
Affiliation:
Zhejiang University, China
*
Corresponding author: Jian Du ([email protected])
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Abstract

In this study, we focus on the temporal behaviors – speed and rhythm – of outward foreign direct investment (OFDI) by emerging multinational enterprises (EMNEs) and examine the effect of such behaviors on innovation performance. Using a learning perspective, we argue that OFDI speed has an inverted U-shaped effect on EMNEs’ innovation performance, whereas the relationship between the uneven rhythm of OFDI and innovation performance is negative. The results, based on OFDI panel data of 1,092 Chinese firms, support our predictions that a moderate OFDI speed and a more regular pattern of OFDI expansion provide sources of competitiveness and contribute to firms’ innovation performance.

摘要

本研究以新兴跨国企业对外直接投资的时间行为(包括速度和节奏)为研究对象，考察了这种行为对创新绩效的影响。本研究从学习视角出发提出对外直接投资速度对新兴市场国家创新绩效的影响呈倒U型，而对外直接投资节奏的不均匀性与创新绩效呈负相关。基于385家中国企业1092个对外直接投资的面板数据，研究结果支持了我们的预测，即适度的对外直接投资速度和更有规律的对外直接投资扩张模式能够提供竞争力来源并促进企业创新绩效。

Keywords

EMNEinnovationrhythmspeedtemporal behavior时间行为速度节奏创新绩效新兴跨国企业
Type
Article
Information
Management and Organization Review , Volume 18 , Issue 5 , October 2022 , pp. 958 - 981
Copyright
Copyright © The Author(s), 2022. Published by Cambridge University Press on behalf of The International Association for Chinese Management Research

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Footnotes

ACCEPTED BY Senior Editor Jing Li

References

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