Abstract
This study aims to contribute to the debate on the increasing R&D internationalization towards the emerging world. It explores how this new phenomenon has been evidenced in Brazil, the largest recipient of FDI in Latin America region. Based on multivariate data analysis in 735 foreign companies selected from the Brazilian Innovation Survey (PINTEC-2011), three main patterns of affiliates’ technology-asset seeking for innovation were found. Results show that, distinctly from the global open innovation trend, multinationals in Brazil still pursuing more traditional modes of innovation, centered on the acquisition of physical capital (from local and international suppliers), market-oriented strategy and in-house R&D activities. The findings reveal constraints in the interactive process between affiliates’ technology-asset seeking strategies and the external institutional environment, in particular for co-innovation with local innovation system.
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