Derramas Tecnológicas Inversas y Desempeño Innovador: El Caso de las Empresas Transnacionales Mexicanas, 1994-2015
DOI:
https://doi.org/10.4067/S0718-27242019000100040Keywords:
reverse technology spillovers, absorptive capacity, foreign direct investment, multinational corporations, Mexico, Tobit econometric models.Abstract
The expansion of transnational corporations from emerging economies during the last decades has generated a great interest among scholars in analyzing the presence of reverse technology spillovers. This kind of spillovers are generated when transnational corporations use outward FDI to attract and transfer knowledge and technology from abroad to improve their own technology capabilities in their home countries. The aim of this research is to analyze the presence and impact of reverse technology spillovers on Mexican transnational firm performance innovation. Using panel data Tobit econometric models of 13 Mexican multinational corporations over the period of 1994-2015, results confirm the presence of reverse technology spillovers that could be attracted through Mexican firms’ absorptive capabilities. The paper concludes discussing the need of implementing adequate public policies to support the internationalization of the Mexican multinational corporations.Downloads
References
Acs, Z.J., & Audretsch, D.B. (1988). Innovation in large and small firms: an empirical analysis. American Economic Review, 78(4), 678-690.
Almeida, P., & Kogut, B. (1999). Localization of knowledge and the mobility of engineers in regional networks. Management Science, 45(7), 905-917. DOI: 10.1287/mnsc.45.7.905
Amann, E., & Virmani, S. (2015). Foreign direct investment and reverse technology spillovers. OECD Journal: Economic Studies, 2014(1), 129-153. DOI: 10.1787/eco_studies-2014-5jxx56vcxn0n
Anand, J. & Kogut, B. (1997). Technological capabilities of countries, firm rivalry and foreign direct investment. Journal of International Business Studies, 28(3), 445-465. DOI: 10.1057/palgrave.jibs.8490107
Armas, E., & Rodríguez, J.C. (2017). Foreign direct investment and technology spillovers in Mexico: 20 years of NAFTA. Journal of Technology Management and Innovation, 12(3), 34-47. DOI: 10.4067/s0718-27242017000300004
Balasubramanian, N., & Lee, J. (2008). Firm age and innovation. Industrial and Corporate Change, 17(5), 1019-1047. DOI: 10.1093/icc/dtn028
Basave-Kunhardt, J. (2013). Mexican OFDI in China-ownership advantages to gain new markets: two case studies. China-USA Business Review, 12(3), 241-253. DOI: 10.17265/1537-1514/2013.03.003
Basave-Kunhardt, J., & Gutiérrez-Haces, M.T. (2011). Mexico’s global players: the impact of the global crisis on Mexican MNEs varies by industry in 2009. En Sauvant, K.P., Govitrikar, V.P., & Davis, K. (Eds.), MNEs from Emerging Markets: New Players in the World FDI Market. Vale Columbia Center on Sustainable International Investment/Columbia University, Nueva York.
Baysinger, B., & Hoskisson, R.E. (1989). Diversification strategy and R&D intensity in multiproduct firms. Academy of Management Journal, 32(2), 310-332. DOI: 10.2307/256364
Bergstrand, J.H. (1985). The gravity equation in international trade: some microeconomic foundations and empirical evidence. Review of Economics and Statistics, 67(3), 474-481. DOI: 10.2307/1925976
Blomström, M., Kokko, A., & Globerman, S. (2001). The determinants of host country spillovers from foreign direct investment: a review and synthesis of the literatura. En Pain, N. (Ed.), Inward Investment Technological Change and Growth. Palgrave/Macmillan, London.
Branstetter, L.G. (2001). Are knowledge spillovers international or intranational in scope? Journal of International Economics, 53(1), 53-79. DOI: 10.1016/s0022-1996(00)00068-4
Buckley, P.J., Elia, S., & Kafouros, M. (2010). Acquisitions from emerging countries: what factors influence the performance of target firms in advanced countries? European Journal of International Management, 4(1/2), 30-47. DOI: 10.1504/ejim.2010.031272
Cantwell, J. (1989). Technological Innovation and Multinational Corporations. Basil Blackwell, Cambridge.
Chen, V.Z. (2010) Institution, Internationalization and Innovation: Three papers on Penetration of Emerging-Market Multinational Enterprises into Developed Markets. Disertación Doctoral. Simon Fraser University.
Chen, V.Z., Li, J., & Shapiro, D. M. (2012) International reverse spillover effects on parent firms: evidence from emerging-markets MNEs in developed markets. European Management Journal, 30(3), 204-218. DOI: 10.1016/j.emj.2012.03.005
Child, J., & Rodrigues, S.B. (2005). The internationalization of Chinese firms: a case for theoretical extension? Management and Organization Review, 1(3), 381-410. DOI: 10.1111/j.1740-8784.2005.0020a.x
Cohen, W.M., & Levinthal, D.A. (1990). Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly, 35(1), 128-152. DOI: 10.2307/2393553
Cuervo-Cazurra, A. (2011). Global strategy and global business environment: the direct and indirect influences of the home country on a firm’s global strategy. Global Strategy Journal, 1(3-4), 382-386. DOI: 10.1002/gsj.35
Deng, P. (2009). Why do Chinese firms tend to acquire strategic assets in international expansion? Journal of World Business, 44(1), 74-84. DOI: 10.1016/j.jwb.2008.03.014
Driffield, N., & Love, J. H. (2003) Foreign Direct Investment, Technology Sourcing and Reverse Spillovers. The Manchester School, 71: 659–672. DOI: 10.1046/j.1467-9957.2003.00372.x
Dunning, J.H. (1977). Trade, location of economic activity and the MNE: a search for an eclectic approach. En Ohlin, B., Hesselborn, P.O., & Wijkman, P.M. (Eds.), The International Allocation of Economic Activity. Macmillan, London/Basingstoke.
Dunning, J.H., & Lundan, S.M. (2008). Multinational Enterprises and the Global Economy. Edward Elgard, Cheltenham/Northampton.
Fisher, R. (1921). On the ‘‘probable error’’ of a coefficient of correlation deduced from a small sample. Metron, 1, 3-32.
Forbes (2015) The World’s Biggest Public Companies 2000 Ranking. Disponible en: https://www.forbes.com/global2000/list/
Fu, X., Pietrobelli, C., & Soete, L. (2010). The Role of Foreign Technology and Indigenous Innovation in Emerging Economies: Technological Change and Catching Up. Banco Interamericano de Desarrollo, Washington, D.C.
Gammeltoft, P., & Hobdari, B. (2017). Emerging market multinationals: international knowledge flows and innovation. International Journal of Technology Management, 74(1-4), 1-22. DOI: 10.1504/IJTM.2017.083619
Gammeltoft, P., Barnard, H., & Madhok, A. (2010). Emerging multinationals, emerging theory: macro- and micro-level perspectives. Journal of International Management, 16(2), 95-101. DOI: 10.1016/j.intman.2010.03.001
Geroski, P.A. (1990). Innovation, technological opportunity, and market structure. Oxford Economic Papers, 42(3), 586-602. DOI: 10.1093/oxfordjournals.oep.a041965
Glass, A.J., & Saggi, K. (1998). International technology transfer and the technology gap. Journal of Development Economics, 55(2), 369-398.
Gornik-Tomaszewski, S., & Millan, M.A. (2005). Accounting for research and development costs. Review of Business, 26(2), 42.
Govindarajan, V., & Ramamurti, R. (2011). Reverse innovation, emerging markets, and global strategy. Global Strategy Journal, 1(3–4), 191–205. DOI: 10.1002/gsj.23
Greene, W.H. (1999). Análisis Econométrico. Prentice-Hall.
Griliches, Z. (1986), Productivity, R&D and basic research at firm level, is there still a relationship? American Economic Review, 76(1), 141-154.
Gujarati, D.N., & Porter D.C. (2010). Econometría. McGraw-Hill, México.
Hall, B.H. (1993). R&D tax policy during the 1980s: success or failure? Tax Policy and the Economy, 7(1), 1-35. DOI: 10.1086/tpe.7.20060628
Hall, D.T., & Mansfield, R. (1971). Organizational and individual response to external stress. Administrative Science Quarterly, 16(4), 533-547.
Henderson, R., & Cockburn, I. (1996). Scale, scope, and spillovers: the determinants of research productivity in drug discovery. Rand Journal of Economics, 27(1), 32-59. DOI: 10.2307/2555791
Hundley, G., Jacobson, C.K., & Park, S.H. (1996). Effects of profitability and liquidity on R&D intensity: Japanese and US companies compared. Academy of Management Journal, 39(6), 1659-1674. DOI: 10.2307/257073
Javorcik, B. (2004). Does foreign direct investment increase the productivity of domestic firms? In search of spillovers through backward linkages. American Economic Review, 94(3), 605-627. DOI: 10.1257/0002828041464605
Keller, W. (1996). Absorptive capacity: on the creation and acquisition of technology in development. Journal of Development Economics, 49(1), 199-227. DOI: 10.1016/0304-3878(95)00060-7
Kim, L., & Dahlman, C.J. (1992). Technology policy for industrialization: an integrative framework and Korea's experience. Research Policy, 21(5), 437-452. DOI: 10.1016/0048-7333(92)90004-n
Kogut, B., & Chang, S.J. (1991). Technological capabilities and Japanese foreign direct investment in the United States. Review of Economics and Statistics, 73(3), 401-413. DOI: 10.2307/2109564
Kuemmerle, W. (1999). The drivers of foreign direct investment into research and development: an empirical investigation. Journal of international business studies, 30(1), 1-24. DOI: 10.1057/palgrave.jibs.8490058
Li, J., Chen, D., & Shapiro, D.M. (2010). Product innovations in emerging economies: the role of foreign knowledge access channels and internal efforts in Chinese firms. Management and Organization Review, 6(2), 243-266. DOI: 10.1111/j.1740-8784.2009.00155.x
Luo, Y., & Tung, R.L. (2007). International expansion of emerging market enterprises: a springboard perspective. Journal of International Business Studies, 38(4), 481-498. DOI: 10.1057/palgrave.jibs.8400275
Makino, S., Lau, C.M., & Yeh, R.S. (2002). Asset-exploitation versus asset-seeking: implications for location choice of foreign direct investment from newly industrialized economies. Journal of International Business Studies, 33(3), 403-421. DOI: 10.1057/palgrave.jibs.8491024
Mansfield, E. (1985). How rapidly does new industrial technology leak out? Journal of Industrial Economics, 34(2), 217–223. DOI: 10.2307/2098683
Mathews, J.A., & Zander, I. (2007). The international entrepreneurial dynamics of accelerated internationalisation. Journal of International Business Studies, 38(3), 387-403. DOI: 10.1057/palgrave.jibs.8400271
Møen, J. (2007). R&D spillovers from subsidized firms that fail: tracing knowledge by following employees across firms. Research Policy, 36(9), 1443-1464. DOI: 10.1016/j.respol.2007.06.004
Nelson, R.R. (1993). National Innovation Systems: A Comparative Analysis. Oxford University Press, Oxford/Nueva York.
Nelson, R.R., & Winter, S.G. (1982). An Evolutionary Theory of Economic Change. Harvard University Press, Cambridge.
Ozkan, N. (2002). Effects of financial constraints on research and development investment: an empirical investigation. Applied Financial Economics, 12(11), 827–834. DOI: 10.1080/09603100110050734
Peng, M.W. (2010). Estrategia Global. Cengage Learning.
RICYT (2010). El Estado de la Ciencia. REDES, Buenos Aires.
Rodríguez, J.C., Gómez, M., & Ramírez, K.N. (2015). Competitive advantage in knowledge-based firms of emerging economies: evidence from Mexico. International Journal of Globalisation and Small Business, 7(1), 39-58. DOI: 10.1504/ijgsb.2015.069035
Schumpeter, J.A. (1939). Business Cycles. McGraw-Hill, Nueva York.
Song, J., Almeida, P., & Wu, G. (2003). Learning–by–hiring: When is mobility more likely to facilitate interfirm knowledge transfer? Management Science, 49(4), 351-365. DOI: 10.1287/mnsc.49.4.351.14429
Sauvant, K.P., Govitrikar, V., & Davis, K. (2011). MNEs from Emerging Markets: New Players in the World FDI Market. Vale Columbia Center on Sustainable International Investment/Columbia University, Nueva York.
Tobin, J. (1958). Estimation of relationships for limited dependent variables. Econometrica, 26, 24-36. DOI: 10.2307/1907382
UNCTAD (2015). World Investment Report 2015: Reforming International Investment Governance. Naciones Unidas, Nueva York.
Van Pottelsberghe de la Potterie, B., & Lichtenberg, F. (2001). Does foreign direct investment transfer technology across borders? Review of Economics and Statistics, 83(3), 490-497. DOI: 10.1162/00346530152480135
Vargas-Hernández, J.G., & Noruzi, M.R. (2010). An exploration of the status of emerging multinational enterprises in Mexico. International Business and Management, 26(3), 7-15.
Veugelers, R. (1997). Internal R&D expenditures and external technology sourcing. Research Policy, 26(3), 303-315. DOI: 10.1016/s0048-7333(97)00019-x
Wei, Z. (2010). The literature on Chinese outward FDI. Multinational Business Review, 18(3), 73-112. DOI: 10.1108/1525383x201000016
Williamson, O.E. (1971). The vertical integration of production: market failure considerations. American Economic Review, 61(2), 112–123.
Williamson, O.E. (1979). Transaction-cost economies: the governance of contractual relations. Journal of Law and Economics, 22(2), 233–261. DOI: 10.1086/466942
Wooldridge, J.M. (2002). Econometric Analysis of Cross Section and Panel Data. The MIT Press, Boston.
Yang, H., Chen, Y., Han, W., & Wang, M. (2011). Absorptive Capacity of OFDI Reverse Technology Spillover: An Empirical Analysis on Inter-Provincial Panel Data in China. En Zeng, D. (Ed.), International Conference on Applied Informatics and Communication. Springer, Berlin/Heidelberg.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2019 Journal of Technology Management & Innovation
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
