Determinants of internal and external R&D offshoring: Evidence from Spanish firms
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 fir...
| Authors: | , |
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| Format: | article |
| Publication Date: | 2017 |
| Country: | España |
| Institution: | Universidad Complutense de Madrid (UCM) |
| Repository: | Docta Complutense |
| Language: | English |
| OAI Identifier: | oai:docta.ucm.es:20.500.14352/18961 |
| Online Access: | https://hdl.handle.net/20.500.14352/18961 |
| Access Level: | Open access |
| Keyword: | L24 O32 R&D offshoring firms’ strategies Obstacles to innovation Independent firms Subsidiaries. Empresas Economía industrial 5311 Organización y Dirección de Empresas |
| Summary: | 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). |
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