R and D Investments of Multinational Corporations

Rajaram Veliyath, R. Sambharya

Research output: Contribution to journalArticlepeer-review

22 Scopus citations


This paper investigated the influence of country-level factors that have led to shifts in the patterns of international R&D investments made by Multinational Corporations (MNCs), from an exclusive focus on developed countries to a broader scope that also includes developing countries. Differences in a country's national technological innovation capability, that comprised the country's capacity for the creation of technology, technology infrastructure and the development of human skills, were the most important factors in attracting R&D investments. Different strategic motivations like home-base exploiting versus home-base augmenting foreign R&D investments are attracted to countries with differing national innovation capabilities. The country's Intellectual Property Rights (IPR) score was also an important influence on R&D investments. International investor's experience with the country, as measured by prior FDI inflows, was a critical element in attracting R&D investment inflows.

Original languageEnglish (US)
Pages (from-to)407-428
Number of pages22
JournalManagement International Review
Issue number3
StatePublished - Jun 2011

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Strategy and Management


  • Institutions
  • Intellectual property rights
  • National innovation capability
  • Strategic motivations for international R&D investments


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