The New Geography of Research and Development: Determinants of Location Choices for Foreign Direct Investments in R&D

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Abstract

This paper investigates the locational determinants behind the globalization of R&D in the pharmaceutical and biotech industries. The study shows that host-country characteristics previously identified as important for location attractiveness in general play an important role in attracting R&D-related investments. Moreover, the investment motive (i.e., market seeking, strategic asset seeking, or efficiency seeking) moderates the link between R&D investment-location decisions and host-country characteristics. The findings support contingency approaches arguing for a “fit” between strategy and location. Our study contributes with a fine grained analysis of the interrelationship between firm and location level factors in the new geography of innovation.
Original languageEnglish
Title of host publicationProceedings of the 59th Annual Meeting of the Academy of International Business : The Contribution of MNEs to Building Sustainable Societies
EditorsSarianna Lundan, Tunga Kiyak
Place of PublicationEast Lansing, MI
PublisherAcademy of International Business
Publication date2017
Pages64
Publication statusPublished - 2017
EventAIB 2017 Annual Meeting: The Contribution of MNEs to Building Sustainable Societies - JW Marriott Marquis, Dubai, United Arab Emirates
Duration: 2 Jul 20175 Jul 2017
https://aib.msu.edu/events/2017/

Conference

ConferenceAIB 2017 Annual Meeting
LocationJW Marriott Marquis
CountryUnited Arab Emirates
CityDubai
Period02/07/201705/07/2017
Internet address
SeriesAcademy of International Business. Annual Meeting. Proceedings
ISSN2078-4430

Cite this

Jensen, P. D. Ø., Choquette, E., Haakonsson, S. J., & Nielsen, S. F. (2017). The New Geography of Research and Development: Determinants of Location Choices for Foreign Direct Investments in R&D. In S. Lundan, & T. Kiyak (Eds.), Proceedings of the 59th Annual Meeting of the Academy of International Business: The Contribution of MNEs to Building Sustainable Societies (pp. 64). Academy of International Business. Academy of International Business. Annual Meeting. Proceedings http://documents.aib.msu.edu/events/2017/AIB2017_Proceedings.pdf