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moderating role of business group characteristics on the link between innovation and internationalization in the context of the … characteristics significantly impact the strength of the relationship between innovation and internationalization. Theoretical and … pharmaceutical sector may face a trade-off between investing in innovation and international expansion. As expected, business group …
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horizontal spillover, namely, demonstration, technology adoption, and competition channels. We also captured the heterogeneous … from productivity improvement or technical efficiency improvement. High-technology firms mainly benefit from FDI due to … through the demonstration effect and the technology adoption channel, despite underperforming in technical efficiency. Finally …
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