Strategic Motivations of Inward R&D FDI An Empirical Analysis of

This book explores the motivations of R&D foreign direct investment (FDI) in a developed country, placing a particular emphasis on the United Kingdom. Multinational enterprises operate in increasingly competitive and complex environments, and the role

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Strategic Motivations of Inward R&D FDI “This new book makes an important and original contribution to the international business field. It provides a series of valuable new insights and ideas for scholars interested in advancing their research into the strategic motivations for inward FDI from different countries of origin to different host countries, focusing on the exploitation and creation of knowledge through foreign-based R&D. It should also prove a useful source of guidance for managers in MNEs and inward investment promotion agencies involved in determining the geographical division of knowhow-related capabilities and in influencing the international location of technology-related FDI.” —Grahame Fallon, Brunel University, London, UK

Osagie Igbinigie • Mark Cook Lucy Zheng

Strategic Motivations of Inward R&D FDI An Empirical Analysis of the UK

Osagie Igbinigie Wolverhampton Business School University of Wolverhampton Wolverhampton, UK

Mark Cook Wolverhampton Business School University of Wolverhampton Wolverhampton, UK

Lucy Zheng Sheffield Business School Sheffield Hallam University Sheffield, UK

ISBN 978-3-030-41014-8    ISBN 978-3-030-41015-5 (eBook) https://doi.org/10.1007/978-3-030-41015-5 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and ­transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover pattern © Harvey Loake This Palgrave Pivot imprint is published by the registered company Springer Nature Switzerland AG. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

Contents

1 Background and Research Rationale  1 R&D Internationalisation and R&D FDI in the UK    2 Scholarly Debate on the Motivations of R&D FDI?    5 Conclusion   7 References   7 2 Strategic Choice of R&D FDI 11 Theories of MNE for Asset Exploitation   1