Person:
Marín Sanz, Raquel

First Name

Raquel

Last Name

Marín Sanz

URI

https://hdl.handle.net/20.500.14352/74807

Affiliation

Universidad Complutense de Madrid

Faculty / Institute

Ciencias Económicas y Empresariales

Department

Análisis Económico y economía cuantitativa

Area

Fundamentos del Análisis Económico

Identifiers

Full item page

Search Results

Now showing 1 - 9 of 9

FDI and world heterogeneities: The role of absorptive capacities
(2008) Álvarez González, Isabel; Marín Sanz, Raquel
It is generally agreed that foreign direct investment (FDI) flows can contribute to the local upgrading of host economies, whereas the diverse technological strategies of multinational companies (MNCs) can determine the existence and size of spillover effects. When considering FDI entry modes, merger and acquisitions (M&As) reveal a higher level of interaction with local productive systems than general FDI. Accordingly, their impacts may differ depending on the development level of countries and on the characteristics of national systems. Our aim is to exam the relative importance of local determinants explaining different choices of FDI entry. We explore both the strengths of the traditional explanation of FDI flows as well as the relevance of institutional stability and consolidation of national absorptive capabilities; the latter are considered key features of national systems. Our findings confirm that the factors at a country level affecting general FDI differ from those concerning cross-border M&As and support the need to investigate new drivers for attraction of FDI. Structural factors explain better the behaviour of FDI, whereas the factors of national systems of innovation are more closely correlated with the cross-border M&As trend. Finally, although international inequalities persist when both developed and developing countries are considered, it is interesting to note the importance of the heterogeneity that characterises the developing world as a topic for further research.
FDI entry models, development and technological spillovers
(2011) Álvarez González, Isabel; Marín Sanz, Raquel; Santos Arteaga, Francisco Javier
Most of the literature related to foreign direct investment in developing countries focuses on the incentives of local producers to incur in the technological development costs required to act as suppliers of multinational companies (MNC). Scarce attention has been paid to the strategic interactions derived from the potential (reciprocal) technological spillovers between local firms and MNC subsidiaries, with the recent exception of the theoretical model by Sanna-Randaccio and Veugelers (2007). Such a void in the literature is justified on the technological differences between MNC and local firms, assuming that both of them produce for totally independent markets under no direct competition conditions. If this were the case, MNC entry modes in underdeveloped countries should be independent of their level of development. We reject such a simplification illustrating empirically how entry modes depend on the development level of a given host country. Besides, this finding is justified with a theoretical proposal that generalizes the Sanna-Randaccio and Veugelers (2007) model. Our extension accounts for all the possible equilibrium scenarios jointly defined by the strategies of both the MNC and the local firms, which allows us to consider the equilibria ignored in a partial analysis and to provide a general equilibrium explanation for the evidence presented.
Empresas extranjeras, adquisiciones e innovación: una aplicación al sector manufacturero español
(2012) Marín Sanz, Raquel; Molero Zayas, José; Álvarez, Isabel
El objetivo de esta investigación es la valoración de los efectos de las operaciones de fusión y adquisición (F&A ) en las capacidades tecnológicas de las empresas adquirientes, esto es, en aquellas actividades empresariales conducentes a la generación y adaptación de nuevo conocimiento aplicable a la actividad productiva. En particular, lo que se plantea es el análisis del impacto tecnológico de estas operaciones, diferenciándose según la empresa adquiriente sea extranjera o nacional. La idea central es que el efecto de las F&A en la actividad tecnológica de las empresas describe un proceso dinámico que va más allá de la competencia del mercado y en el que la evolución de las redes internacionales de las empresas multinacionales han llegado a ser factores determinantes en la decisión de involucrarse en una F&A.
Project number: 163
Cooperación al Desarrollo en el Aula Universitaria
(2020) Sosvilla-Rivero, Simón; Rio Rivera, Marco Antonio del; García Hiernaux, Alfredo Alejandro; Marín Sanz, Raquel; Méndez Picazo, María Teresa; Parada Parada, Mary Esther; Peña Cuellar, María Esther
El proyecto pretende contextualizar las asignaturas implicadas en el mismo para que el alumno perciba algunas relaciones económicas y sociales injustas que generan pobreza, incorporando conceptos y actividades de carácter solidario
Differentiated models in the collaborative transport economy: a mixture analysis for Blablacar and Uber
(2021) Quirós Romero, Cipriano; Portela García-Miguel, Javier; Marín Sanz, Raquel; Dabić, Marina; Griffy-Brown, Charla
The collaborative economy has become one of the fastest-growing areas since the great recession of 2008, with passenger transport activities being of particular importance. Based on on-demand ride services, in which passengers are connected with community drivers through a smartphone app, these collaborative transport activities are not all of a homogeneous nature, and need to be differentiated according to the type of service provided to understand the socioeconomic and environmental characteristics that determine their widespread use. The objective of this paper is to analyze the determinants of use of the two main online platforms for transport in Europe: Blablacar (ride-sharing) and Uber (ride-hailing), representing two different business models for shared mobility. Our contribution is an empirical analysis emphasizing the role of digital skills and employing a mixture analysis technique that permits the distinction between these two platforms models. Our results show that beyond their strong linkage to the digital environment, the determinants of using both platforms differ. In the case of Blablacar, the results show a closed user profile influenced by age, educational level, live as a couple or urban environment. However, the user profile for Uber is open and more diffuse, with a preference for female population.
R&D internationalization and the strategic relevance of the institutional framework in host locations
(International Journal of Management and Decision Making, 2016) Álvarez González, Isabel; Marín Sanz, Raquel; Santos Arteaga, Francisco Javier
The configuration of host national systems of innovation and the technological international networks established by multinational enterprises (MNE) can become key aspects for the internationalisation decision that may also concern knowledge related activities such as R&D. Through the combination of a theoretical model and empirical analysis, this paper shows to what extent institutional quality becomes a determinant factor for the attraction of foreign R&D activities, these latter being conditioned by the technological and productive capabilities of local contexts and the competitive pressures MNE face in foreign countries. Our contribution is a step further in the explanatory framework of R&D internationalisation and also provides new insights about what are the key reinforcement mechanisms for the attraction of new knowledge intensive investments.
The role of networking in the competitiveness profile of Spanish firms.
(2005) Álvarez González, Isabel; Fonfría Mesa, Antonio; Marín Sanz, Raquel
Two main forces coincide nowadays in the characterisation of productive systems. On the one hand, the internationalisation of markets and economic activities has resulted in an increasing competition worldwide and a new and more global division of labour. On the other, the greater complexity of technology makes innovation a key factor in manufacturing firms’ competitiveness. Cooperative network relationships seem to be important in both processes. This paper aims to explore this aspect in the competitiveness behaviour of four Spanish manufacturing industries: food, chemicals, electronics and vehicles. Data has been obtained from a survey conducted specifically for this purpose at the firm level. Findings from the empirical analysis, based on the application of the Polytomus Logit Universal Model (PLUM), confirm the positive effects of the ability to network on company performance, particularly, intra-firm cooperation, cooperation between competitors and user-producer relationships.
Internal and external factors of competitiveness in the middle-income countries
(2009) Álvarez González, Isabel; Marín Sanz, Raquel; Maldonado, Georgina
En el diverso grupo de países de renta media (PRM) se integra un conjunto de economías con un comportamiento exportador de bienes intensivos en tecnología que sobresale respecto al promedio del grupo. Una de las explicaciones de ese resultado estaría en la diferencia de capacidades tecnológicas nacionales, entendiendo éstas como un factor condicionante de la dinámica productiva y comercial que genera ganancias de competitividad. También los efectos que generan los flujos de comercio y de inversión directa (IDE) en estas economías en las que las empresas extranjeras han participado en la industrialización y modernización de su estructura productiva, formarían parte de la explicación. Por ello, en este trabajo analizamos las posibilidades de integración de los PRM en los dinámicos mercados de alta tecnología, a partir de la interacción que se define entre el papel de la IDE y la habilidad de absorción y creación de tecnología. Nuestro trabajo empírico trata de detectar la importancia relativa de factores internos y externos en las mejoras de competitividad internacional de estos países en desarrollo, haciendo uso de un panel de datos en el período comprendido entre 1998 y 2005.
Foreign Direct Investment Entry Modes, Development and Technological Spillovers
(The Manchester School, 2015) Álvarez González, Isabel; Marín Sanz, Raquel; Santos Arteaga, Francisco Javier
This paper illustrates how wholly owned entry modes of multinational companies (MNCs) are jointly determined by both the strategic objectives of the MNC and the local firms’ assets in the creation of value. In particular, the entry mode chosen is based on the potential reciprocal technological spillovers between local firms and MNC subsidiaries. M&As are preferred when host countries exhibit a certain level of development in their local systems of innovation, especially for technologically leading MNCs. Otherwise, for technological laggard MNCs, greenfield investments prevail and M&As may be carried out for meeting demand motives in developing local systems of innovation.