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How does inward FDI affect Korean manufacturing firms' innovation performance and productivity?

초록/요약

This study investigates the relationship between firm-level inward foreign direct investment (FDI) and innovation performance and productivity using novel Korean manufacturing firm level data from the Korean Innovation Survey for the period 2002 to 2009. This study distinguishes between the effects of inward FDI on firm innovation and efficiency: while FDI inflow into Korean manufacturing firms is negatively associated with their innovation performance, such as patent applications and product innovation, inward FDI has a positive effect on the labor productivity of these firms.

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목차

Ⅰ. Introduction 5
II. Literature Review and Hypotheses 9
1. Innovation performance 9
2. Productivity 12
Ⅲ. Data & Methodology 16
1. Sample and Data 16
2. Dependent variables 18
3. Independent variables 21
4. Control variables 22
Ⅳ. Results 23
1. Correlations and Statistics 23
2. Innovation results 24
3. Productivity results 28
Ⅴ. Conclusion 29
Ⅵ. Limitation & Future Research 32
Ⅶ. References 34

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