Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/110919
Authors: 
Hollenstein, Heinz
Berger, Martin
Year of Publication: 
2015
Series/Report no.: 
Economics Discussion Papers 2015-39
Abstract: 
The study seeks to identify the determinants of a firm's foreign entry mode choice and the impact of mode selection on firm performance for the specific case of R&D - a topic so far not investigated in entry mode research. Separate estimates of a Heckman selection model for Austria and Switzerland, based on comparable firm-level data and variable specification, show for both countries that the OLI model is well-suited to explain not only the propensity to investing abroad in R&D but also the respective choice between equity-based and non-equity governance modes. Moreover, it turns out, but only for Swiss companies, that foreign R&D raises (domestic) firm performance with a larger impact in case of equity-based governance. The differences between the two countries primarily reflect the much higher degree of R&D internationalisation of Switzerland.
Subjects: 
internationalisation of R&D
foreign R&D entry mode choice
international R&D cooperation
JEL: 
F23
F61
L24
O32
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/
Document Type: 
Working Paper

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