The Role of Foreign Direct Investment and State Capture in Shaping Innovation Outcome in Russia

Natalya Smith*, Katerina Thomas

*Corresponding author for this work

Research output: Contribution to JournalArticlepeer-review

Abstract

This article explores the linkage between foreign direct investment, grand corruption (that is, state capture) and innovation in Russia's regions in between 1997 and 2010. The results indicate that during the period under investigation both foreign direct investment and state capture were the significant determinants of innovation outcome. What is also interesting is that a positive impact of state capture on innovation through foreign firms, and a negative impact—through exporting—was observed.
Original languageEnglish
Pages (from-to)777-808
Number of pages32
JournalEurope-Asia Studies
Volume67
Issue number5
Early online date29 Jun 2015
DOIs
Publication statusE-pub ahead of print - 29 Jun 2015

Bibliographical note

My research applies theories and concepts related to international business, innovation and entrepreneurship. My research interests include technological learning, innovation, entrepreneurship and creativity. I have a special interest in disruptive technologies currently research the effect of artificial intelligence on different sectors and industries.

Keywords

  • Innovation
  • State capture
  • Corruption
  • Russia

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