Firms pursuit of innovations through internationalization: a treatment effect estimation
Abstract
Firms participations in international markets is known to stimulate innovations as well as expose them to both international and domestic partners that can influence their innovation prospects and activities. Countries with weaker innovation potentials acquire advanced knowledge, technologies and innovations when they interact and collaborate with partners in the international ecosystem. The focus of this paper is to explore the linkage between firm’s decisions to internationalize and its additionality effects on firm-level innovations. Our results show a positive and significant correlations between these firms’ participation in international markets and their product, process, research and development and acquisition of external knowledge. We also find that, the foreign enterprise group, foreign clients and customers from the private sector as well as foreign consultants were vital for firms’ innovation. In contrast we find that there is no relationship between foreign ownership and firms’ innovations as can be seen from the insignificant coefficients results. The ATE results show that the extent of internationalizations increased the probabilities of stimulating product, process innovations and R&D on average by 21, 14 and 9 percentage points in comparison with firms that didn’t internationalize. Implications and suggestions for future research are discussed.
First published online 8 May 2020
Keyword : internationalization, innovations, knowledge, technologies, collaborations, partners, Czech Republic
How to Cite
Odei, S. A., & Stejskal, J. (2020). Firms pursuit of innovations through internationalization: a treatment effect estimation. Technological and Economic Development of Economy, 26(4), 837-866. https://doi.org/10.3846/tede.2020.12484
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Cohen, W. M., & Levinthal, D. A. (1989). Innovation and learning: the two faces of R & D. The Economic Journal, 99(397), 569–596. https://doi.org/10.2307/2233763
Dabić, M., Daim, T. U., Aralica, Z., & Bayraktaroglu, A. E. (2012). Exploring relationships among internationalization, choice for research and development approach and technology source and resulting innovation intensity: Case of a transition country Croatia. The Journal of High Technology Management Research, 23(1), 15–25. https://doi.org/10.1016/j.hitech.2012.03.002
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Fox, J. (2015). Applied regression analysis and generalized linear models. Sage Publications.
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Henttonen, K., Hurmelinna‐Laukkanen, P., & Ritala, P. (2016). Managing the appropriability of R&D collaboration. R&D Management, 46(S1), 145–158. https://doi.org/10.1111/radm.12121
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Hudec, O., & Prochádzková, M. (2018). The evolution of innovation networks in Slovakia: Disintegration and slow recovery. In Knowledge Spillovers in Regional Innovation Systems (pp. 133–161). Springer, Cham. https://doi.org/10.1007/978-3-319-67029-4_5
Johanson, J., & Mattsson, L. G. (2015). Internationalisation in industrial systems – a network approach. In Knowledge, networks and power (pp. 111–132). Palgrave Macmillan. https://doi.org/10.1057/9781137508829_5
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Lee, K., Szapiro, M., & Mao, Z. (2018). From global value chains (GVC) to innovation systems for local value chains and knowledge creation. The European Journal of Development Research, 30(3), 424–441. https://doi.org/10.1057/s41287-018-0160-5
Lewandowska, M. S., Szymura-Tyc, M., & Gołębiowski, T. (2016). Innovation complementarity, cooperation partners, and new product export: Evidence from Poland. Journal of Business Research, 69(9), 3673–3681. https://doi.org/10.1016/j.jbusres.2016.03.028
Li, M., Petruzzi, N. C., & Zhang, J. (2016). Overconfident competing newsvendors. Management Science, 63(8), 2637–2646. https://doi.org/10.1287/mnsc.2016.2469
Martinez, L. F., Ferreira, A. I., & Can, A. B. (2016). Consultant–client relationship and knowledge transfer in small-and medium-sized enterprises change processes. Psychological Reports, 118(2), 608–625. https://doi.org/10.1177/0033294116639429
Morrison, A., Pietrobelli, C., & Rabellotti, R. (2008). Global value chains and technological capabilities: a framework to study learning and innovation in developing countries. Oxford Development Studies, 36(1), 39–58. https://doi.org/10.1080/13600810701848144
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Odei, S. A., & Stejskal, J. (2018a). The influence of knowledge sources on firm-level innovation: The case of Slovak and Hungarian manufacturing firms. Central European Business Review, 7(2), 61–74. https://doi.org/10.18267/j.cebr.199
Odei, S. A., & Stejskal, J. (2018b). Factors influencing spin-off activities at universities: Empirical evidence from the United Kingdom. In 21st International Colloquium on Regional Sciences (pp. 117–124).
Odei, S. A., & Stejskal, J. (2019). Do firms R&D collaborations with the science system and enterprise group partners stimulate their product and process innovations?. Economies, 7(2), 43. https://doi.org/10.3390/economies7020043
Park, A. D., Yang, Shi, X., & Jiang, Y. (2010). Exporting and firm performance: Chinese exporters and the Asian financial crisis. The Review of Economics and Statistics, 92(4), 822–842. https://doi.org/10.1162/REST_a_00033
Pavlák, M. (2018). Barriers to the internationalization of Czech SMEs. European Research Studies Journal, 21(2), 453–462. https://doi.org/10.35808/ersj/1014
Pavlínek, P. (2017). Dependent growth: Foreign investment and the development of the automotive industry in East-Central Europe. Springer. https://doi.org/10.1007/978-3-319-53955-3
Pietrobelli, C., & Rabellotti, R. (2011). Global value chains meet innovation systems: Are there learning opportunities for developing countries?. World Development, 39(7), 1261–1269. https://doi.org/10.1016/j.worlddev.2010.05.013
Pilav-Velić, A., & Marjanovic, O. (2016). Integrating open innovation and business process innovation: Insights from a large-scale study on a transition economy. Information & Management, 53(3), 398–408. https://doi.org/10.1016/j.im.2015.12.004
Piperopoulos, P., Wu, J., & Wang, C. (2018). Outward FDI, location choices and innovation performance of emerging market enterprises. Research Policy, 47(1), 232–240. https://doi.org/10.1016/j.respol.2017.11.001
Porter, M. E. (1998). The Adam Smith address: Location, clusters, and the “new” microeconomics of competition. Business Economics, 33(1), 7–13.
Prokop, V., Stejskal, J., & Hudec, O. (2019). Collaboration for innovation in small CEE countries. Economics and Management, 22(1), 130–144. https://doi.org/10.15240/tul/001/2019-1-009
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