Abstract
This paper investigates the impact of returnee entrepreneurs and their knowledge spillovers on
<br/>innovation in high-tech firms in China. Using panel data for 1,318 high-tech firms in Beijing Zhongguancun Science Park (ZSP) we find that returnee entrepreneurs create a significant spillover effect that promotes innovation in other local high-tech firms. The extent of this
<br/>spillover effect is positively moderated by the non-returnee firm's absorptive capacity approximated by the skill level of employees. Multinational enterprises' R&D activities positively affect the innovation intensity of non-returnee firms only when these local firms
<br/>possess the sufficient level of absorptive capacity. Our findings have important policy and managerial implications for policy-makers and practitioners.
Originalsprache | Englisch |
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Seiten (von - bis) | 453 - 462 |
Fachzeitschrift | Research Policy (RP) |
Jahrgang | 40 |
Ausgabenummer | 3 |
DOIs | |
Publikationsstatus | Veröffentlicht - 1 Nov. 2011 |