{"id":111320,"date":"2024-01-22T17:11:15","date_gmt":"2024-01-22T16:11:15","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/111320\/"},"modified":"2024-11-07T03:55:16","modified_gmt":"2024-11-07T02:55:16","slug":"characteristics-of-foreign-rd-strategies-of-swiss-firms-implications-for-policy","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/111320\/","title":{"rendered":"Characteristics of Foreign R&amp;D Strategies of Swiss Firms. Implications for Policy"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-111320","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The aim of the paper is, firstly, to identify a number of strategies Swiss firms pursue by performing foreign R&amp;D, expecting that firms, in many instances, are driven by a combination of several motives (&quot;mixed strategies&quot;). Secondly, we ask whether foreign and domestic R&amp;D are substitutes or complements. Thirdly, we draw some policy conclusions based on results for direct and indirect home-country effects of foreign R&amp;D. By applying cluster analysis, we identified four specific patterns of motives of foreign R&amp;D. In a second step, we investigated whether these clusters effectively may be interpreted as specific types of R&amp;D strategies. To this end, the clusters were characterised in terms of a large number of variables, which, according to the OLI paradigm of FDI, determine foreign R&amp;D. We found that the patterns of the four clusters systematically differ with respect to these theory-related variables. Some clusters represent, in terms of motives, broad-based mixed strategies, whereas others are strongly focused. It turns out that foreign R&amp;D strategies that primarily aim at exploiting capabilities of the domestic headquarters dominate, whereas cost-reducing strategies are of very minor importance. In case of the other two strategies knowledge sourcing is a constituent element, in the first one, knowledge sourcing is at the core, in the second case it is an important element in the frame of a broad-based strategy. The relative importance of the four strategies implies that, on balance, foreign and domestic R&amp;D are complements. Notwithstanding this positive result, it is sensible to take policy actions supporting the economy to capitalise even more on outward FDI in R&amp;D. Policy basically should aim at securing the attractiveness of Switzerland as a location for R&amp;D-intensive headquarters of firms performing foreign R&amp;D, and at enhancing knowledge spill-overs from headquarter companies to other domestic firms. The five categories of measures we recommend are part of a framework-oriented policy design rather than of a more interventionist concept.","onlinedate":"2008-03-31 02:00:00","lang":"English","publication_series":"","publication_date":"20080301","publication_date_year":"","publication_date_full":false,"publication_num_pages":"26","keywords":"[\"Internationalisation of R&D Motives of foreign R&D Foreign R&D strategies Knowledge spillovers Home-country effects of outward FDI in R&D\"]","jelcodes":"[]","related_publications":"[]","pdf":329210,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"315","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44410],"research_groups":[3491,3510],"collaboration":"","persons":[4887],"persons_data":"[{\"personId\":4887,\"personName\":\"Heinz Hollenstein\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Characteristics of Foreign R&amp;D Strategies of Swiss Firms. 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