Yi-Chi Hsiao

In the face of keen competition, what is the optimal investment strategy for enhancing a firm's core competency? Which types of intangible investments should be encouraged? What are the effects of intangible investments on innovation performance? Intangible assets have long been recognized as important sources of firms' innovation and long‐term gro...

Purpose In response to the tilted emphasis on the corporate political activities and to the recent call for including the institutional perspective in the research of the MNE’s governmental relations (MGRs), this study aims to, departing from resource dependence theory, introduce the legitimacy formation as a bridging mechanism to MGRs to holistica...

This study explores how the MNE’s parent can effectively benefit from the subsidiary reverse technology transfer, and how the institutional distance may influence it. We found that the MNE’s global R&D intensity led to positive subsidiary reverse technology transfer in a linear way, while the MNE’s global R&D diversity in geographical scope imposed...

To complement the extant research of R&D partner selection that is fragmented, we develop the synthesis framework to provide a holistic view for the foreign R&D partner selection process. In this framework, we integrate the strategic motive, the learning strategy, the R&D partner selection, and the institutional contingency altogether and adopt the...

Based on different motivations for engaging in outward FDI, this study divides firms' outward FDI into five types: non-FDI, FDI, defensive only outward FDI, expansive only outward FDI, and both defensive & expansive outward FDI simultaneously, and proposes four hypotheses to evaluate their relative strength in terms of firm productivity and innovat...

This paper aims to empirically test the R&D complementarities among three alternative R&D strategies, namely, internal R&D, external R&D and cooperative R&D, under different measures of innovation output. Using a firm-level data set based on the Taiwanese innovation survey (in accordance with CIS 3) conducted in 2003, we are able to compare the R&D...

In modeling the foreign direct investment (FDI) behavior of firms, existing studies tend to classify multinational enterprises’ (MNEs) production activities into two broad strategies, namely, standard vertical integration and horizontal integration. In practice, the production behavior of multinational enterprises is much more complex. Based on the...