Overseas R&D, domestic R&D, and parent company innovation performance in emerging market
基于中国185家企业2012-2020年面板数据，研究发现海外研发和国内研发都能提升母公司创新绩效，且国内研发在海外研发与创新绩效之间起部分中介作用，区域制度质量正向调节海外研发与国内研发的关系。
Seeking research and development (R&D) capacity overseas is fast becoming an important leapfrogging strategy for emerging market enterprises. Combining knowledge‐based and institutional‐based views, this study develops an analytical framework for the impact of overseas and domestic R&D on the innovation performance of parent companies. Using panel data of 185 enterprises in China from 2012 to 2020, we find that overseas R&D significantly improves the innovation performance of the parent company; domestic R&D has a significant promoting effect on the innovation performance of the parent company, also playing a partial mediating role between overseas R&D and innovation performance of the parent company. Regional institutional quality positively moderates the relationship between overseas and domestic R&D. Our study contributes to a deeper understanding of the pathways and mechanisms through which overseas R&D affects emerging‐market firms' innovation performance.