This paper analyzes the impact of OFDI by EMMNEs on domestic eco-innovation. We focus on how this relationship is contingent on firm characteristics, industrial conditions, and institutional environments. We test our hypotheses on a large sample of Chinese manufacturing firms during 1998-2013. The results indicate that EMMNEs' OFDI has a positive impact on domestic eco-innovation through reverse technology spillover effects. This relationship is stronger when EMMNEs are state-owned, when firm R&D and industrial pollution intensity are higher, when industrial technology distance is shorter, when home or host environmental regulation is more stringent, and finally when institutional distance is larger.
|Publication status||Submitted - 2020|