周江华，Liu, Z., Li, J., Zhang, G., Foreign equity, exporting and firm innovation: an emerging market perspective, The Journal of Technology Transfer (SSCI，JCR Q1区，最新影响因子4.037，5年影响因子4.342)，Available online June 15, 2020，https://doi.org/10.1007/s10961-020-09813-6
This study aims to understand how different types of global engagement influence firms’ innovation, and also to explore the boundary condition of the global engagement-innovation relationship. We use 3-year panel data from the National High-growth Firms in High-tech Zones Database to test our hypotheses. Our finding shows that foreign equity has an inverted U-shaped effect on firm innovation, while exporting positively affects innovation. Local R&D effort sharpens the effects of foreign equity and positively moderates the effects of exporting on firm innovation; while academic collaboration flattens the effects of foreign equity. Our study provides an integrated framework for analyzing different influence mechanisms of the two types of global engagement. We also construct a contingency model by confirming that firms’ local R&D activities greatly moderate firms’ international innovation process.