DocumentCode :
3096472
Title :
Foreign direct investment in industrial research in the pharmaceutical and electronics industries: results from a survey of multinational firms
Author :
Kuemmerle, Walter
Author_Institution :
Harvard Bus. Sch., Boston, MA, USA
fYear :
1999
fDate :
36373
Firstpage :
402
Abstract :
This paper examines motives, location characteristics, inter-temporal characteristics and modes of entry for foreign direct investment (FDI) in research and development (R&D). The paper is based on a detailed empirical survey of laboratory sites established by 32 large multinational companies domiciled in 5 countries. Findings indicate that FDI in R&D has risen considerably over the 40 years that firms have invested in R&D sites abroad in order to augment their knowledge base or in order to exploit it. The former motive leads to establishment of facilities primarily close to universities while the latter type leads to establishment of facilities close to existing manufacturing facilities and markets. The paper also finds that greenfield investments are the dominant mode of entry and that firms establish multiple R&D sites in their home countries before investing in such sites abroad
Keywords :
electronics industry; investment; laboratories; pharmaceutical industry; research and development management; electronics industry; foreign direct investment; greenfield investments; industrial research; inter-temporal characteristics; knowledge base augmentation; laboratory sites; location characteristics; manufacturing facilities; multinational firms survey; pharmaceutical industry; research and development; universities; Consumer electronics; Electronics industry; Industrial electronics; Investments; Laboratories; Paper technology; Pharmaceuticals; Production facilities; Research and development; Research and development management;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Management of Engineering and Technology, 1999. Technology and Innovation Management. PICMET '99. Portland International Conference on
Conference_Location :
Portland, OR
Print_ISBN :
1-890843-02-4
Type :
conf
DOI :
10.1109/PICMET.1999.787834
Filename :
787834
Link To Document :
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