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首页> 外文期刊>Journal of Cleaner Production >Green foreign direct investments and the deepening of capabilities for sustainable innovation in multinationals: Insights from renewable energy
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Green foreign direct investments and the deepening of capabilities for sustainable innovation in multinationals: Insights from renewable energy

机译:绿色外国直接投资和深化跨国公司可持续创新能力:可再生能源的见解

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摘要

There is mounting agreement that the global economy is at the nascent stage of a green transformation. In response, multinational enterprises (MNEs) are seeking to enhance their capabilities for sustainable innovation and many have started to globalise their green efforts. But to what extent and how (if at all) do green Foreign Direct Investments (FDIs) contribute to the deepening of sustainability capabilities? To address this question, we employ a novel dataset of 1217 green FDI in renewable energy sectors worldwide, during the period 1997 to 2015. A propensity score matching and difference-in-difference econometric strategy provides three main results. First, green FDIs enhance the overall orientation to sustainability of MNEs. They have both a greening effect on the firms' overall technology bases and increases specialization in specific green technologies. Second, green FDIs have a significant positive impact on the degree and quality of MNEs innovative capacity in sustainable technologies. In other words, the MNEs extend their innovative capabilities towards more sustainability-oriented direction and strengthen their innovation activities related to green technologies. Third, we find that the globalisation process mode matters: in the long run, green FDIs result in newly-established subsidiaries contributing more to innovativeness and greening than acquisition of foreign firms. These findings have important implications for policies designed to increase the sustainability transition.
机译:有持续的协议,全球经济处于绿色转型的新生阶段。作为回应,跨国企业(MNES)正在寻求加强其可持续创新能力,许多人开始全球化的绿色努力。但在多大程度上以及如何(如果有的话)进行绿色外国直接投资(FDIS)有助于深化可持续发展能力?为了解决这个问题,在1997年至2015年期间,我们在全球可再生能源领域采用了1217个绿色直接投资的新型数据集。倾向得分和差异差分计量经济策略提供了三个主要结果。首先,绿色FDIS提高了MNES的可持续性的总体方向。它们对公司的整体技术基础具有绿化影响,并提高了特定绿色技术的专业化。其次,绿色FDIS对可持续技术中跨国公司创新能力的程度和质量产生了重大积极影响。换句话说,跨国公司扩展了以更加可持续性为导向的方向,加强与绿色技术相关的创新活动。第三,我们发现全球化流程模式很重要:从长远来看,绿色外国人民FDIS导致新既往的子公司导致更多地促进创新和绿化,比收购外国公司。这些调查结果对旨在增加可持续性转型的政策具有重要意义。

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