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The Impact of Home Country Institutions on Corporate Technological Entrepreneurship via R&D Investments and Virtual World Presence

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  • Earlier versions of this research were presented at an invited talk at the University of Massachusetts at Amherst in 2009 and at the Academy of International Business in Nagoya, Japan in 2011. We are indebted to the assistance of Glenn Fisher, Director of Business Development, at Linden Labs in the pursuit of this research.

Abstract

In this study, we seek to understand how four dimensions of national business systems surrounding the corporate headquarters of multinational firms influence corporate technological entrepreneurship (CTE). After controlling for fairly well-established antecedents of corporate technological entrepreneurship at the firm and industry levels, we find that national-level predictors explain considerable variance above and beyond our control variables. Furthermore, we find that various national-level dimensions influence different measures of CTE. Overall, our study points to the remarkably strong role of home institutional context for understanding two types of technological entrepreneurship pursued by relatively large, multinational firms based in 24 different economies.

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