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Going far to go further: Offshoring, exploration, and R&D performance

机译:走得更远:离岸,勘探和研发绩效

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摘要

Despite its many benefits, firms may not conduct exploration because of inhibitive costs. We maintain that offshoring provides a cost-leveraging strategy that can help firms overcome this constraint, and enhance their R&D performance with increased exploration. Empirical evidence supports our thesis: first, firms that offshore more of their R&D activities to developing countries engage in greater exploration; second, the degree to which firms benefit from offshoring is contingent on their R&D intensity, such that firms with lower levels of R&D intensity enjoy greater benefits from offshoring for exploration than those with higher levels; and third, greater exploration confers an R&D performance advantage to firms where greater exploration increases firms' successes in preclinical trials. Our study offers two implications: (1) what drives firms' exploration is not just what they can do (competencies), but also what they can afford to do (costs); and (2) offshoring enhances exploration, which, in turn, increases R&D performance.
机译:尽管有很多好处,但是由于抑制性成本,公司可能无法进行勘探。我们认为,离岸外包提供了一种成本杠杆战略,可以帮助企业克服这一限制,并通过增加勘探来提高其研发绩效。经验证据支持我们的论点:首先,将更多研发活动转移到发展中国家的公司进行了更大的探索;其次,企业从离岸外包中获利的程度取决于其研发强度,因此研发水平较低的企业比离岸外包企业具有更高的研发收益。第三,更大的探索会为公司带来R&D绩效优势,而更大的探索会增加公司在临床前试验中的成功率。我们的研究有两个含义:(1)推动公司探索的动力不仅在于他们可以做什么(能力),还在于他们可以负担得起的事情(成本); (2)离岸业务促进了勘探,从而提高了研发绩效。

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