Do green foreign direct investments increase the innovative capability of MNE subsidiaries

Dados Bibliográficos

ID11911778
AutoresVito Amendolagine (0000-0002-5699-5233, University of Foggia), Ulrich Elmer Hansen (0000-0002-8997-6717, Technical University of Denmark), Rasmus Lema (0000-0002-2765-0658, University of Johannesburg), Roberta Rabellotti (0000-0001-7637-3645, University of Pavia, autor correspondente), Dalila Ribaudo (0000-0003-4783-8970, Aston University)
Ano2023
Volume170
Páginas106342-106342
Data de publicação2023-06-30
Open AccessSim
TipoARTICLE
PeriódicoWorld Development (JOURNAL)
Identificadores do periódicoISSN: 0305-750X • E-ISSN: 1873-5991
EditoraElsevier BV (PUBLISHER)
DOI10.1016/j.worlddev.2023.106342
OpenAlexW4382752521
IdiomaEN
Citações recebidas9
Referências citadas106

Technologies to mitigate climate change may diffuse from lead markets to the rest of the world through several mechanisms and make important contributions to the global green transformation. In this paper, we explore the role played by multinational enterprises (MNEs) in transferring knowledge and innovative capabilities in green technologies to their global subsidiaries. We posit that the degree of green knowledge transfer and innovative capability development in subsidiaries depend on: (i) the host country characteristics, (ii) the specific technology in question, and (iii) the mode of entry. The empirical analysis combines data on foreign direct investments with patent analysis. The results suggest that being a subsidiary of a green MNE has a positive impact on the number and quality of green patents produced locally. This green innovative advantage vis-à-vis domestic companies is larger in less developed countries and in those that are less reliant on oil rents, in particular if they already possess higher levels of relevant domestic innovative capacity. Furthermore, firm and sectoral characteristics also matter. The analysis suggests that green FDIs are more effective when technologies are characterized by low tradability and tacit knowledge. Finally, cross-border acquisitions are more efficient at strengthening green innovative capabilities than subsidiaries established with greenfield investments

Business · Economic geography · Economic rent · Economics · Foreign direct investment · Industrial organization · Knowledge management · Market economy · Multinational corporation · Subsidiary · Tacit knowledge · Energy, Environment, Economic Growth · Innovation and Knowledge Management · International Business and FDI

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