Abstract
In recent years, as globalized R&D activities have been launched on a large scale, more and more scholars have started to study overseas investment activities, but most of the research perspectives only focus on overseas investment entry methods, investment motives, and less on the study of reverse technology spillover of overseas R&D investment and the relationship with parent company innovation performance. Unlike overseas investment, overseas R&D investment is based on the knowledge base view, which considers knowledge as an important resource for enterprises, and tacit knowledge that is not easily understood and difficult to be expressed plays a key role in creating competitive advantage for enterprises. The dissemination of tacit knowledge is based on face-to-face interactions between individuals or organizations, and overseas R&D allows R&D activities to be geographically close to overseas markets and host country environments, thus enabling the transfer of home country knowledge and the acquisition of local knowledge. This study focuses on the motivation of overseas R&D investment, reverse technology spillover and relationship with parent company performance, and discusses future research directions.
Highlights
In an open economy era, multinational enterprises can participate in global production and distribution networks in different forms
Research results on the reverse spillover effect of internationalization have mainly focused on the national or regional level, with less research on the innovation growth mechanism of Chinese multinational enterprises gaining competitive advantages in the context of globalization, and no reverse spillover proposition has been placed in the discussion of fostering the internationalization performance of multinational enterprises, especially the lack of systematic research on the relationship between overseas R&D investment and parent company innovation performance integrating internal and external resources and institutional factors
With the development of global R&D activities, more and more scholars have started to study the overseas R&D investment activities of enterprises, but the research perspectives are mostly focused on the entry mode, investment motives, and location selection of overseas R&D investment
Summary
In an open economy era, multinational enterprises can participate in global production and distribution networks in different forms. In a globalized and open economic environment, the innovation growth of multinational enterprises needs to rely on global innovation resources and integrate outward and inward internationalization. Research results on the reverse spillover effect of internationalization have mainly focused on the national or regional level, with less research on the innovation growth mechanism of Chinese multinational enterprises gaining competitive advantages in the context of globalization, and no reverse spillover proposition has been placed in the discussion of fostering the internationalization performance of multinational enterprises, especially the lack of systematic research on the relationship between overseas R&D investment and parent company innovation performance integrating internal and external resources and institutional factors. The cultivation of multinational enterprises' internationalization performance, especially the lack of systematic research on the relationship between overseas R&D investment and parent company's innovation performance integrating internal and external resources and institutional factors. This study aims to review the literature on overseas R&D and the performance of overseas subsidiaries, with the aim of exploring future research hotspots and directions
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