TY - JOUR
T1 - Technological radicalness, R&D internationalization, and the moderating effect of intellectual property protection
AU - Nasirov, Shukhrat
AU - Gokh, Irina
AU - Filippaios, Fragkiskos
N1 - Acknowledgments:
The authors would like to express their gratitude to Peter Buckley, Gary Chapman, Dana Minbaeva, Ram Mudambi, Rajnesh Narula, Alain Verbeke, and the participants of the iBegin Conference in Copenhagen for their comments on an earlier draft of this paper. All errors remain the authors' responsibility.
Publisher Copyright:
© 2022
PY - 2022/6/1
Y1 - 2022/6/1
N2 - Drawing on insights from the resource-based view of the firm, this paper examines the link between the radicalness of the firm's technologies and the extent of its exploitation and exploration R&D activities abroad, with an additional focus on the level of the host country's intellectual property (IP) protection as a force moderating this link. It uses information about greenfield foreign direct investment by 185 U.S. publicly-traded manufacturing firms in the period 2003–2013 to demonstrate that technological radicalness is positively associated with the number of exploration and exploitation R&D projects. While the level of IP protection is shown to have a moderating effect, this is nuanced: firms with more radical technologies pursue more exploration R&D projects in countries with stronger IP protection; in turn, the number of exploitation R&D projects is driven by those undertaken in countries with weaker IP protection. The findings have both managerial and policy implications.
AB - Drawing on insights from the resource-based view of the firm, this paper examines the link between the radicalness of the firm's technologies and the extent of its exploitation and exploration R&D activities abroad, with an additional focus on the level of the host country's intellectual property (IP) protection as a force moderating this link. It uses information about greenfield foreign direct investment by 185 U.S. publicly-traded manufacturing firms in the period 2003–2013 to demonstrate that technological radicalness is positively associated with the number of exploration and exploitation R&D projects. While the level of IP protection is shown to have a moderating effect, this is nuanced: firms with more radical technologies pursue more exploration R&D projects in countries with stronger IP protection; in turn, the number of exploitation R&D projects is driven by those undertaken in countries with weaker IP protection. The findings have both managerial and policy implications.
KW - exploration vs. exploitation
KW - intellectual property protection
KW - manufacturing companies
KW - R&D internationalization
KW - technological radicalness
KW - Intellectual property protection
KW - Technological radicalness
KW - Manufacturing companies
KW - Exploration vs. exploitation
UR - http://www.scopus.com/inward/record.url?scp=85125833905&partnerID=8YFLogxK
U2 - 10.1016/j.jbusres.2022.02.079
DO - 10.1016/j.jbusres.2022.02.079
M3 - Article
SN - 0148-2963
VL - 145
SP - 215
EP - 227
JO - Journal of Business Research
JF - Journal of Business Research
ER -
