This study explores how subnational institutional differences in a large emerging economy—Russia—influence the relationship between research and development (R&D), foreign direct investment (FDI) spillovers, and firm performance. We find that the relationship between R&D and firm performance is positively moderated by subnational institutional development. Furthermore, we find that FDI will more positively moderate the relationship between R&D and firm performance if subnational institutional development is also higher, thus showing that subnational institutional development may foster the positive spillover effect of FDI on local firms.
Subnational Institutional Differences and FDI Spillovers Behind the R&D–Performance Relationship in Russia
Published 2024 in Thunderbird International Business Review
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- Publication year
2024
- Venue
Thunderbird International Business Review
- Publication date
2024-09-10
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