The Impact Mechanism of Foreign Direct Investment(FDI)Technology Spillovers on Indigenous Enterprise Innovation:A Dual Perspective Analysis Based on Innovation Collaboration and Proximity Competition
The entry of foreign enterprises into a host country can create competitive pressures within a specific geographical range,encouraging indigenous enterprises to engage in innovative knowledge searches,interact with geographically proximate foreign enterprises,and undertake effective innovation activities.However,existing research often overlooks the role of connections between indigenous and foreign enterprises in the context of foreign direct investment(FDI)technology spillovers and indigenous enterprise innovation.To address this gap,this paper leverages organizational relationship theory and financial supply theory,analyzing data from Chinese A-share listed companies from 2010 to 2020.It delves into the impact of FDI technology spillovers on enterprise innovation,examining potential mechanisms from two perspectives:innovation cooperation and proximity competition.Additionally,it investigates the heterogeneous effects of enterprise ownership structures.The findings reveal a positive"U"-shaped relationship between FDI technology spillovers and indigenous enterprise innovation,with the sample mean situated on the right side of the curve.This indicates that FDI technology spillovers generally enhance both the quantity and quality of innovation among indigenous enterprises.Enterprise innovation cooperation only increases the quantity of enterprise innovation but does not significantly impact its quality.Proximity competition effectively amplifies the benefits of FDI spillovers,particularly in improving innovation quality.FDI technology spillovers only have a positive impact on the quantity of innovation in state-owned enterprises.In contrast,FDI technology spillovers significantly influence both the quantity and quality of innovation in non-state-owned enterprises,where proximity competition plays a crucial role in driving these effects.
foreign direct investment(FDI)technology spilloversinnovation quantityinnovation qualityenterprise innovation cooperationproximity competitionforeign enterprises
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