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

Peter D. Ørberg  Jensen; Eliane Choquette; Stine Jessen Haakonsson; Søren Feodor Nielsen

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

Peter D. Ørberg Jensen, Eliane Choquette, Stine Jessen Haakonsson, Søren Feodor Nielsen

Department of Finance

Aarhus University

Research output: Chapter in Book/Report/Conference proceeding › Conference abstract in proceedings › Research › peer-review

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 language	English
Title of host publication	Proceedings of the 59th Annual Meeting of the Academy of International Business : The Contribution of MNEs to Building Sustainable Societies
Editors	Sarianna Lundan, Tunga Kiyak
Place of Publication	East Lansing, MI
Publisher	Academy of International Business
Publication date	2017
Pages	64
Publication status	Published - 2017
Event	59th Annual Meeting of the Academy of International Business: The Contribution of MNEs to Building Sustainable Societies - JW Marriott Marquis, Dubai, United Arab Emirates Duration: 2 Jul 2017 → 5 Jul 2017 Conference number: 59 https://aib.msu.edu/events/2017/

Conference

Conference	59th Annual Meeting of the Academy of International Business
Number	59
Location	JW Marriott Marquis
Country/Territory	United Arab Emirates
City	Dubai
Period	02/07/2017 → 05/07/2017
Internet address	https://aib.msu.edu/events/2017/

Series	Academy of International Business. Annual Meeting. Proceedings
ISSN	2078-4430

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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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. http://documents.aib.msu.edu/events/2017/AIB2017_Proceedings.pdf

Jensen, Peter D. Ørberg ; Choquette, Eliane ; Haakonsson, Stine Jessen et al. / The New Geography of Research and Development : Determinants of Location Choices for Foreign Direct Investments in R&D. Proceedings of the 59th Annual Meeting of the Academy of International Business: The Contribution of MNEs to Building Sustainable Societies. editor / Sarianna Lundan ; Tunga Kiyak. East Lansing, MI : Academy of International Business, 2017. pp. 64 (Academy of International Business. Annual Meeting. Proceedings).

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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.",

author = "Jensen, {Peter D. {\O}rberg} and Eliane Choquette and Haakonsson, {Stine Jessen} and Nielsen, {S{\o}ren Feodor}",

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booktitle = "Proceedings of the 59th Annual Meeting of the Academy of International Business",

publisher = "Academy of International Business",

note = "59th Annual Meeting of the Academy of International Business : The Contribution of MNEs to Building Sustainable Societies ; Conference date: 02-07-2017 Through 05-07-2017",

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Jensen, PDØ, Choquette, E, Haakonsson, SJ & Nielsen, SF 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. Academy of International Business, East Lansing, MI, Academy of International Business. Annual Meeting. Proceedings, pp. 64, 59th Annual Meeting of the Academy of International Business, Dubai, United Arab Emirates, 02/07/2017. <http://documents.aib.msu.edu/events/2017/AIB2017_Proceedings.pdf>

The New Geography of Research and Development: Determinants of Location Choices for Foreign Direct Investments in R&D. / Jensen, Peter D. Ørberg ; Choquette, Eliane; Haakonsson, Stine Jessen et al.
Proceedings of the 59th Annual Meeting of the Academy of International Business: The Contribution of MNEs to Building Sustainable Societies. ed. / Sarianna Lundan; Tunga Kiyak. East Lansing, MI: Academy of International Business, 2017. p. 64 (Academy of International Business. Annual Meeting. Proceedings).

Research output: Chapter in Book/Report/Conference proceeding › Conference abstract in proceedings › Research › peer-review

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T2 - 59th Annual Meeting of the Academy of International Business

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AU - Choquette, Eliane

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AU - Nielsen, Søren Feodor

N1 - Conference code: 59

PY - 2017

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N2 - 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.

AB - 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.

M3 - Conference abstract in proceedings

T3 - Academy of International Business. Annual Meeting. Proceedings

SP - 64

BT - Proceedings of the 59th Annual Meeting of the Academy of International Business

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PB - Academy of International Business

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Jensen PDØ, Choquette E, Haakonsson SJ , Nielsen SF. The New Geography of Research and Development: Determinants of Location Choices for Foreign Direct Investments in R&D. In Lundan S, Kiyak T, editors, Proceedings of the 59th Annual Meeting of the Academy of International Business: The Contribution of MNEs to Building Sustainable Societies. East Lansing, MI: Academy of International Business. 2017. p. 64. (Academy of International Business. Annual Meeting. Proceedings).