Kafouros, M orcid.org/0000-0002-6438-3990, Wang, C, Mavroudi, E et al. (2 more authors) (2018) Geographic dispersion and co-location in global R&D portfolios: Consequences for firm performance. Research Policy, 47 (7). pp. 1243-1255. ISSN 0048-7333
Abstract
We examine how the ways in which firms geographically configure their global portfolios of R&D units influence the effectiveness of firms’ own R&D investments and of external technical knowledge in enhancing firm performance. Our analysis indicates that the strength of these effects depends on the extent to which firms spread their R&D units across countries (geographic dispersion of R&D) and the extent to which firms establish multiple R&D units within each country (co-location of R&D). We show that geographic dispersion and co-location are associated with distinct value creation and value capture mechanisms and in turn lead to different performance outcomes. Although geographic dispersion enhances the effects of a firm’s own R&D on its performance, R&D co-location limits such effects. These relationships are reversed when we consider the effects of external technical knowledge on firm performance. R&D co-location, rather than geographic dispersion, is what renders the exploitation of external knowledge more effective in enhancing firm performance. Our results suggest that future research should shift its focus from the degree of R&D globalization to how a portfolio is globalized and geographically structured.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2018 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/BY-NC-ND/4.0/). |
Keywords: | Innovation; R&D portfolio; Geographic dispersion; Co-location; Performance |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) The University of Leeds > Faculty of Business (Leeds) > Marketing Division (LUBS) |
Depositing User: | Symplectic Publications |
Date Deposited: | 09 Apr 2018 11:49 |
Last Modified: | 25 Jun 2023 21:18 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.respol.2018.04.010 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:129367 |
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