What factors determine the subsidiary mode of overseas R&D by developing‐country MNEs? Empirical evidence from Chinese subsidiaries abroad
基于资源基础观和吸收能力，研究中国跨国企业海外研发子公司的模式选择，发现财务资源和技术资源对选择能力利用型或能力创造型模式有不同影响，且模式匹配的企业创新绩效更高。
This study examines the determinants of the subsidiary modes of overseas research and development (R&D) by Chinese multinational enterprises (MNEs). Based on resource‐based view and absorptive capabilities, we propose that financial resources and technological resources have different effects on the selection of overseas R&D subsidiary modes, which are competence‐exploiting mode or competence‐creating mode. This is supported by the empirical results in this paper using data from a survey of 40 Chinese overseas R&D subsidiaries. The results demonstrate that the parent firms with richer financial resources and more R&D expenses prefer the competence‐exploiting mode, while the parent firms with more R&D personnel favor the competence‐creating mode. Additionally, this study finds that firms matching our mode choice model tend to enjoy a higher level of innovative performance.