Existing literature shows the benefits of firm-university collaborations. Yet, it has overlooked factors that mitigate concerns with outgoing knowledge spillovers associated with this form of external knowledge sourcing. This study argues that the deterrent effects produced by intrafirm collaborations make a firm more likely to form co-authorship linkages with a university when its corresponding R&D unit exhibits a higher degree of intrafirm collaboration linkages, especially when that university maintains more linkages with rivals. Analysis at the firm unit-university-year level using data on co-authorship linkages between 157 pharmaceutical firms and the top 400 global universities during a 25-year period supports these propositions. This study advances research on knowledge sourcing by showing the role of internal collaborations in enabling external knowledge sourcing. Managerial Summary: A firm whose employees coauthor scientific articles with university-affiliated researchers gains access to external knowledge it can build on to create innovations. But, these collaborations with academia can also produce knowledge spillovers benefiting rivals, thereby undermining a firm's efforts to protect its knowledge. Using data from the
Research SummaryThis study examines cross‐border bandwagons of foreign direct investment (FDI), a mass FDI entry process, into an emerging economy by following global investors from multiple home countries. Complementing the frequency mechanism, we introduce a cohesion mechanism that can also drive cross‐border bandwagons of FDI. Drawing on the notion of information voids, we submit that the two mechanisms are based on different origins of information, and their relative effects vary depending on the extent of information voids in the host country. Analyzing a firm‐level data set of Japanese firms’ FDI entries into China between 1986 and 2000, we find a high level of information voids in the host country strengthens Japanese firms’ cohesion‐based cross‐border bandwagons of FDI, while suppressing their frequency‐based cross‐border bandwagons of FDI.Managerial SummaryCross‐border bandwagons of FDI into emerging economies have been a prominent phenomenon driving globalization in the past three decades. It is noteworthy that global investors from different countries contributed unequally to this process. This is because the information voids in an emerging economy create challenges for global investors to effectively source FDI bandwagon information from other countries, restricting the frequency mechanism in driving cross‐border bandwagons of FDI. In this article, we introduce a new cohesion mechanism in driving cross‐border bandwagons of FDI: an investor's international networks of FDIs. We then compare the relative effectiveness of the two mechanisms and find that the frequency mechanism weakens while the cohesion mechanism strengthens, when the level of information voids in a host country increases.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.