文献类型：期刊文献

英文题名：Facilitator or inhibitor? The effect of host-country intellectual property rights protection on China's technology-driven acquisitions

作者：Wang, Molin[1,3];Yan, Haifeng[1,3];Ciabuschi, Francesco[2,4];Su, Cong[2,4]

机构：[1]East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China;[2]Uppsala Univ, Dept Business Studies, Uppsala, Sweden;[3]East China Univ Sci & Technol, Sch Business, 130 Meilong Rd, Shanghai 200237, Peoples R China;[4]Uppsala Univ, Dept Business Studies, Box 513, S-75120 Uppsala, Sweden

年份：2023

卷号：32

期号：6

外文期刊名：INTERNATIONAL BUSINESS REVIEW

收录：;WOS:【SSCI(收录号:WOS:001101601500001)】；

基金：We thank the editor and anonymous reviewers for their valuable comments and suggestions. This research work was supported by a grant from the National Natural Science Foundation of China (No. 71972072) and a grant from the Shanghai Planning Office of Philosophy and Social Science (No. 2018BGL028) . Molin Wang also appreciated the support from the China Scholarship Council (CSC No. 202206740013) .

语种：英文

外文关键词：Technology-Driven Acquisition; Intellectual Property Rights Protection; Economic Distance; Political Distance; China

摘要：Acknowledging the importance of technology-driven acquisitions for China, and of host-country intellectual property rights protection (IPRP) in the Tech Cold War era, this study - drawing on institutional-based and springboard logics - investigates the effects of host-country IPRP on China's technology-driven acquisitions. Based on panel data of 377 country/year observations of Chinese listed firms in 29 countries between 2008 and 2020, our results illustrate an inverted U-shaped relationship between the strength of host IPRP institutions and the quantity of China's technology-driven acquisitions. This inverted U-shaped relationship is weakened by home-host economic distance, rather than political distance. Clearly, host-country IPRP matters in Chinese firms' location choices for technology-driven acquisitions and those host countries with IPRP that is either too weak or too strong are unattractive to Chinese acquirers. Our study responds to the debate about the inconsistent findings of IPRP's effects on foreign investments, and enriches the research on springboard internationalization.