RT Journal Article
T1 Determinants of internal and external R&D offshoring: Evidence from Spanish firms
A1 Tamayo, Mery Patricia
A1 Huergo, Elena
AB This paper analyzes the determinants of R&D offshoring of Spanish firms using information from the Panel of Technological Innovation. We find that being an exporter, international technological cooperation, continuous R&D engagement, applying for patents, being a for-eign subsidiary, and firm size are factors that positively affect the decision to offshore R&D. In addition, we find that a lack of financing is an obstacle relatively more important for inde-pendent firms than for firms that belong to business groups. For these latter, we also obtain that the factors that influence the decision to offshore R&D differ depending on whether the firm purchases the R&D services within the group or through the market: a higher degree of importance assigned to internal sources of information for innovation as compared to mar-ket sources increases (decreases) the probability of R&D offshoring only through the group (market).
PB Taylor & Francis
SN 1366-2716
YR 2017
FD 2017
LK https://hdl.handle.net/20.500.14352/18961
UL https://hdl.handle.net/20.500.14352/18961
LA eng
NO Argyres, N. (1996) Evidence on the role of firm capabilities in vertical integration decisions, Strategic Management Journal, 17, pp. 129 – 150.Arvanitis, S. and Hollenstein, H. (2011) How do different drivers of R&D investment in foreign locations affect domestic firm performance? An analysis based on Swiss panel micro data, Industrial and Corporate Change, 20(2), pp. 605-640.Aubert, B. A., Patry, M. and Rivard, S. (1998) Assessing the risk of IT outsourcing, System Sciences, Proceedings of the Thirty-First Hawaii International Conference on, 6, pp. 685-692. Baccara, M. (2007) Outsourcing, Information Leakage and Consulting Firms, RAND Journal of Economics, 38(1), pp. 269-289.Belderbos, R., Lokshin, B. and Sadowski, B. (2015) The returns to foreign R&D, Journal of International Business Studies, 46, pp. 491–504.Bridges, S. and Guariglia, A. (2008) Financial constraints, global engagement, and firm survival in the United Kingdom: Evidence from micro data, Scottish Journal of Political Economy, 55(4), pp. 444-64.Buckley, P. J. and Casson, M. (1976) The Future of Multinational Enterprise. Macmillan: Lon-don.Campa, J. (2004) Exchange rates and trade: How important is hysteresis in trade? European Economic Review 48(3), pp. 527–48. Cassiman, B. and Veugelers, R. (2006) In search of complementarity in innovation strategy: internal R&D and external technology acquisition, Management Science, 52(1), pp. 68–82.Coase, R. (1937) The nature of the firm, Economica New Series, 4, pp. 386-405.Chaney, T. (2013) Liquidity Constrained Exporters, NBER Working paper No. 19170, National Bureau of Economic Research.Chang, C.-L. and Robin, S. R. (2006) Doing R&D and/or Importing Technologies: The Critical Importance of Firm Size in Taiwan’s Manufacturing Industries, Review of Industrial Organization, 29(3), pp. 253-278.Chen, Y. and Sen, D. (2015) Strategic outsourcing under economics of scale, Bulletin of Economic Research, 67(2), pp. 1467-8586. Diaz-Mora, C. (2008) What factors determine the outsourcing intensity? A dynamic panel data approach for manufacturing industries, Applied Economics, 40(19), pp. 2509-2521.Dunne, T. and Schmitz, J. (1995) Wages, employer size-wage premia and employment structure: Their relationship to advanced-technology usage at U.S. manufacturing establishments, Economica, 62, pp. 89-107.García-Sánchez, A., Molero, J. and Rama, R. (2015) Are ‘the best’ foreign subsidiaries cooperating for innovation with local partners? The case of an intermediate country, Science and Public Policy. DOI: 10.1093/scipol/scv057.García-Vega, M. and Huergo, E. (2011) Determinants of International R&D Outsourcing: The role of trade, Review of Development Economics 15(1), 93-107.García-Vega, M. and Huergo, E. (2013) Multinationals’ Technology Transfers and firms’ performance, in: S. Beugelsdijk, S. Brakman, H. van Ees and H. Garretsen (eds.), Firms in the International Economy: Firm Heterogeneity Meets International Business, CESifo Seminar Series, The MIT Press.Goyal, S., Moraga-González, J. and Konovalov, A. (2008) Hybrid R&D, Journal of the European Economic Association, 6(6), pp. 1309-1338. Greenaway, D., Guariglia, A. and Kneller, R. (2007) Financial factors and exporting decisions, Journal of International Economics, 73(2), pp. 377-395. Greene, W. (2003) Econometric Analysis. Prentice Hall. New Jersey: Fifth Edition.Guzzini, E. and Iacobucci, D. (2014) Business Group Affiliation and R&D, Industry and Innovation, 21(1), pp. 20-42.Hall, B. H. (2011) The internationalization of R&D, MERIT Working Papers 049, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).Hamermesh, D. S. (1980) Commentary, in: J. J. Siegfried (ed.), The Economics of Firm Size, Market Structure and Social Performance, Washington D.C.: Federal Trade Commission.Hamermesh, D. S. (1993) Labor Demand. Princeton, NJ: Princeton University Press.Holl, A. and Rama, R. (2014) Foreign subsidiaries and technology sourcing in Spain, Industry and Innovation, 21(1), pp. 43-64.Iammarino, S., Sanna-Randaccio, F. and Savona, M. (2009) The perception of obstacles to innovation. Foreign multinationals and domestic firms in Italy, Revue d'économie industrielle, 1, pp. 75-104.Jabbour, L. and Zuniga, M. P. (2009) Drivers of the offshore outsourcing of R&D: Empirical evidence from French manufacturers, Discussion Papers 09/04, University of Notting-ham, GEP. Jabbour, L. and Zuniga, M. P. (2016) The outsourcing of research and development in global markets: evidence from France, World Economy, 39(3), DOI: 10.1111/twec.12373.Jensen, P. (2009) A learning perspective on the offshoring of advance service, Journal of international Management, 15, pp. 181–193.Kremer, M. (1993) The O-Ring Theory of Economic Development, The Quarterly Journal of Economics, 108, pp. 551-75. Lai, E., Riezman, R. and Wang, P. (2009) Outsourcing of innovation, Economic Theory, 38(3), pp. 485-515.Lewin, A. and Peeters, C. (2006) The top-line allure of off-shoring, Harvard Business Review, March, pp. 22-24.López, A. (2011) Effect of microaggregation on regression results: an application to Spanish innovation data, The Empirical Economics Letters, 10(12), pp. 1265-1272.Martínez-Noya, A., Garcia-Canal, E. and Guillen, M.F. (2012) International R&D service out-sourcing by technology-intensive firms: Whether and where? Journal of International Management, 18(1), pp. 18-37.McCarthy, I. and Anagnostou, A. (2004) The impact of outsourcing on the transaction costs and boundaries of manufacturing, International Journal of Production Economics, 88, pp. 61-71.National Science Foundation (2010) Science and Engineering indicators. 2010, Chapter 4. Research and Development: National Trends and International Linkages.  Available at: http://www.nsf.gov/statistics/seind10/c4/c4s7.htmNieto, M. J. and Rodríguez, A. (2011) Offshoring of R&D: looking abroad to improve innovation performance, Journal of International Business Studies, 42(3), pp. 345–361.Nieto, M. J. and Rodríguez, A. (2013) The challenge of R&D offshoring: Implications for firm productivity, in: T. Pedersen et al. (eds.): The Offshoring Challenge, Springer-Verlag.Peteraf, M. (1993) The cornerstones of competitive advantage: A resource-based view, Strategic Management Journal, 14, pp. 179 – 191.Ornelas, E. and Turner, J. (2008) Trade liberalization, outsourcing, and the hold-up problem, Journal of International Economics, 74(1), pp. 225-241.Thoma, G., Torrisi, S., Gambardella, A., Guellec, D., Hall, B. H. and Harhoff, D. (2010): Harmonizing and Combining Large Datasets - An Application to Firm-Level Patent and Accounting Data, NBER Working Papers 15851, National Bureau of Economic Research, Inc.Veugelers, R. and Cassiman, B. (2004) Foreign subsidiaries as a channel of international technology diffusion: Some direct firm level evidence from Belgium, European Economic Review, 48(2), pp. 455-476.Williamson, O. E. (1975) Markets and Hierarchies, Free Press, N.Y. Williamson, O. E. (1979) Transaction cost economics: The governance of contractual relations, Journal of Law and Economics, 22, pp. 233-261.Williamson, O. E. (1981) The economics of organization: The transaction cost approach, American Journal of Sociology, 87, pp. 548-577.Zellner, A. and D. Huang (1962) Further properties of efficient estimators for seemingly unrelated regression equations, International Economic Review, 3(3), pp. 300-313.
NO Ministerio de Ciencia e Innovación (MICINN)
NO Comunidad de Madrid
DS Docta Complutense
RD 3 may 2024