| Foreign Equity, Exporting and Firm Innovation |
Received:October 13, 2017 Revised:October 13, 2017 |
Key Words: foreign equity, exporting, state ownership, innovation capability, innovation performance |
| Author Name | Affiliation | | jianghua zhou | Business School, Beijing Normal University | | Zixu Liu* | Business School, Beijing Normal University | | Jizhen Li | School of Economics and Management, Tsinghua University |
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Abstract: |
| Our goal has been to better understand how different types of global engagement influence firms’ innovation. Another intension is to explore the boundary condition of the relationships. We use a 3-year panel data from the National High-growth Firms in High-tech Zones Database to test the hypotheses. The results show that foreign equity has an inverted U-shaped impact on innovation performance, while exporting positively affects innovation. State ownership positively moderates the relationship between exporting and innovation performance, and innovation capability positively moderates the relationship between foreign equity and innovation performance. Our study provides an integrated framework for analyzing different influence mechanisms of two types of global engagement. We also construct a contingency model by confirming that firms’ institutional origins and capabilities greatly moderate firms’ international innovation process. |
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