Firm-specific advantages, inward FDI origins, and performance of multinational enterprises

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• 作者：In Hyeock Lee^a ; ^{ian.lee@wku.edu} ; Alan M. Rugman^b ; ¹ ; ^{a.rugman@henley.reading.ac.uk}
• 关键词：Regional strategy ; Multinational enterprises ; Firm-specific advantages ; Performance ; R&D intensity ; SGA intensity ; Inward FDI
• 刊名：Journal of International Management
• 出版年：2012
• 期刊代码：52_10754253
• 类别：bus
• 出版时间：June, 2012
• 卷：18
• 期：2
• 页码：132-146
• 文件大小：499 K

摘要

Using original data on large Korean multinational enterprises (MNEs), this paper examines the impact that their firm-specific advantages (FSAs) have on performance as and when they receive inward direct investment from foreign countries. Two types of FSAs are examined: innovation capabilities measured by research and development (R&D) intensity and marketing capabilities measured by selling, general, and administrative (SGA) intensity. It is found that both FSAs affect diverse MNE performance in a non-linear U-shaped fashion, and that the home region origin of the inward foreign direct investment (FDI) moderates the curvilinear relationship between the two constructs into an inverted U-shaped one.