TALENT MANAGEMENT AND FDI INTENTIONS: THE MEDIATING ROLES OF KNOWLEDGE AND INNOVATION CAPABILITIES IN AN EMERGING ECONOMY
DOI:
https://doi.org/10.18623/rvd.v23.5410Palavras-chave:
Talent Management, FDI Intentions, Knowledge Acquisition, Innovation CapabilityResumo
This study investigates how talent management influences foreign direct investment (FDI) intentions through the mediating roles of knowledge acquisition and innovation capabilities in an emerging economy. Using survey data from 383 managers operating in high-tech parks and applying partial least squares structural equation modeling (PLS-SEM), the findings indicate that talent management significantly enhances firms’ knowledge acquisition, which in turn strengthens innovation capabilities. Innovation capabilities subsequently exert a positive effect on FDI intentions. The results support a sequential mediation mechanism linking talent management to FDI intentions via capability development. This study contributes to international business research by clarifying how internal capability-building processes shape firms’ international investment orientations in emerging economies. The findings also provide practical implications for managers and policymakers seeking to foster innovation-driven investment environments through strategic talent management.
Referências
Aliedan. M. M.. Alyahya. M. A.. Elshaer. I. A.. & Sobaih. A. E. E. (2023). Who Is Going Green? Determinants of Green Investment Intention in the Saudi Food Industry. Agriculture. 13(5). 1047. https://doi.org/doi:10.3390/agriculture13051047
Aluko. B.. Garri. M.. Owalla. B.. Kim. J.-Y.. & Pickernell. D. (2024). Informal institutions’ influence on FDI flows: A configurational fsQCA analysis of corruption as part of the MNEs’ FDI motivation system. International Business Review. 33(6). 102327. https://doi.org/https://doi.org/10.1016/j.ibusrev.2024.102327
Bonacina Roldan. L.. Hansen. P. B.. & Garcia-Perez-de-Lema. D. (2018). The relationship between favorable conditions for innovation in technology parks. the innovation produced. and companies’ performance. Innovation & Management Review. 15(3). 286-302. https://doi.org/10.1108/INMR-05-2018-0027
Bothner. J. (2024). Institutions as a determinant of FDI and the role of natural resources. Resources Policy. 99. 105367. https://doi.org/https://doi.org/10.1016/j.resourpol.2024.105367
Bricongne. J.-C.. Franco Bedoya. S.. & Lopez Forero. M. (2023). The proximity-concentration trade-off with multi-product firms: Are exports and FDI complements or substitutes? The World Economy. 46(5). 1264-1289. https://doi.org/https://doi.org/10.1111/twec.13339
Buckley. P. J.. & Casson. M. (1976). The future of the multinational enterprise. Springer.
Cadorin. E.. Germain-Alamartine. E.. Bienkowska. D.. & Klofsten. M. (2019). Universities and Science Parks: Engagements and Interactions in Developing and Attracting Talent. In T. Kliewe. T. Kesting. C. Plewa. & T. Baaken (Eds.). Developing Engaged and Entrepreneurial Universities: Theories. Concepts and Empirical Findings (pp. 151-169). Springer Singapore. https://doi.org/10.1007/978-981-13-8130-0_8
Cadorin. E.. Johansson. S. G.. & Klofsten. M. (2017). Future developments for science parks: Attracting and developing talent. Industry and Higher Education. 31(3). 156-167. https://doi.org/10.1177/0950422217700995
Cadorin. E.. Klofsten. M.. & Löfsten. H. (2021). Science Parks. talent attraction and stakeholder involvement: an international study. The Journal of Technology Transfer. 46(1). 1-28. https://doi.org/10.1007/s10961-019-09753-w
Casson. M. (2022). Extending internalization theory: Integrating international business strategy with international management. Global Strategy Journal. 12(4). 632-657. https://doi.org/10.1002/gsj.1450
Chang. L.. Li. J.. Cheong. K.-C.. & Goh. L.-T. (2021). Can Existing Theories Explain China’s Outward Foreign Direct Investment in Belt and Road Countries. Sustainability. 13(3). 1389. https://doi.org/doi:10.3390/su13031389
Dang. V.. & Phan. T. Y. (2022). Promote Connections Central Key Economic Zone Aim to Increase Foreign Direct Investment (FDI) into Danang City. International Journal of Multidisciplinary and Current Educational Research. 4(1). 180-185.
Dunning. J. H. (1977). Trade. Location of Economic Activity and the MNE: A Search for an Eclectic Approach. In B. Ohlin. P.-O. Hesselborn. & P. M. Wijkman (Eds.). The International Allocation of Economic Activity: Proceedings of a Nobel Symposium held at Stockholm (pp. 395-418). Palgrave Macmillan UK. https://doi.org/10.1007/978-1-349-03196-2_38
Fornell. C.. & Larcker. D. F. (1981). Evaluating Structural Equation Models with Unobservable Variables and Measurement Error. Journal of Marketing Research. 18(1). 39-50. https://doi.org/10.2307/3151312
Gokh. I.. & Filippaios. F. (2021). Footloose multinationals: Extending the internalization theory. Thunderbird International Business Review. 63(4). 477-486. https://doi.org/10.1002/tie.22193
Guo. R.. Ning. L.. & Chen. K. (2022). How do human capital and R&D structure facilitate FDI knowledge spillovers to local firm innovation? a panel threshold approach. The Journal of Technology Transfer. 47(6). 1921-1947. https://doi.org/10.1007/s10961-021-09885-y
Guo. R.. Zhang. D.. Shi. L.. & Ning. L. (2023). FDI knowledge spillovers and returnees’ repatriation speed and irregularity: evidence from Chinese high-tech firms. Technology Analysis & Strategic Management. 35(12). 1560-1573. https://doi.org/10.1080/09537325.2021.2011850
Hair. J. F.. Hult. G. T. M.. Ringle. C. M.. & Sarstedt. M. (2017). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). SAGE Publications.
Hair. J. F.. Ringle. C. M.. & Sarstedt. M. (2011). PLS-SEM: Indeed a Silver Bullet. Journal of Marketing Theory and Practice. 19(2). 139-152. https://doi.org/10.2753/MTP1069-6679190202
Han. J.. & Han. J. (2013). Network-based recruiting and applicant attraction in China: insights from both organizational and individual perspectives. In 'Making Sense'of Human Resource Management in China (pp. 60-81). Routledge.
Izzularab. A. M.. Radwan. F.. Gad. R.. & Björk. P. (2023). The mediating role of investment image in the effect of country image on investment intention: an empirical study on Egypt. Review of International Business and Strategy. 33(3). 493-516. https://doi.org/10.1108/RIBS-06-2021-0082
Kontoghiorghes. C. (2016). Linking high performance organizational culture and talent management: satisfaction/motivation and organizational commitment as mediators. The International Journal of Human Resource Management. 27(16). 1833-1853. https://doi.org/10.1080/09585192.2015.1075572
Le. N. T. T.. Nguyen. P. V.. Trieu. H. D. X.. & Hai Lam. L. N. (2023). Talent management at science parks: Firm-university partnerships as a strategic resource for competitive advantage creation in the information technology sector in Vietnam. Cogent Business & Management. 10(1). 2210889. https://doi.org/10.1080/23311975.2023.2210889
Löfsten. H.. Klofsten. M.. & Cadorin. E. (2020). Science Parks and talent attraction management: university students as a strategic resource for innovation and entrepreneurship. European Planning Studies. 28(12). 2465-2488. https://doi.org/10.1080/09654313.2020.1722986
Löfsten. H.. & Lindelöf. P. (2002). Science Parks and the growth of new technology-based firms—academic-industry links. innovation and markets. Research Policy. 31(6). 859-876. https://doi.org/10.1016/S0048-7333(01)00153-6
Luna-Arocas. R.. Danvila-Del Valle. I.. & Lara. F. J. (2020). Talent management and organizational commitment: the partial mediating role of pay satisfaction. Employee Relations: The International Journal. 42(4). 863-881. https://doi.org/10.1108/ER-11-2019-0429
Medve-Bálint. G. (2024). From Rust to High-Tech Hubs: FDI-Led Upgrading of Urban Economies in East Central Europe. Studies in Comparative International Development. 59(4). 740-766. https://doi.org/10.1007/s12116-024-09433-3
Mellander. C.. & Florida. R. (2011). Creativity. talent. and regional wages in Sweden. The Annals of Regional Science. 46(3). 637-660. https://doi.org/10.1007/s00168-009-0354-z
Nguyen. H.-O. T.. & Nguyen. K.-D. (2024). Moderator effect of industrial park on knowledge spillover from sectoral innovation to firm performance in Vietnam. Cogent Economics & Finance. 12(1). 2403708. https://doi.org/10.1080/23322039.2024.2403708
Nguyen. T. H. V. (2024). Improving the planning of high-tech parks contributes to achieving the national science and technology development goals. Environmental and Construction Magazine. Retrieved February 24. 2025 from https://moitruongxaydungvn.vn/hoan-thien-cong-tac-quy-hoach-khu-cong-nghe-cao-gop-phan-thuc-hien-muc-tieu-phat-trien-khcn-quoc-gia
Osburg. V.-S.. Yoganathan. V.. Bartikowski. B.. Liu. H.. & Strack. M. (2020). Effects of Ethical Certification and Ethical eWoM on Talent Attraction. Journal of Business Ethics. 164(3). 535-548. https://doi.org/10.1007/s10551-018-4018-8
Pan. X.. Song. M. L.. Zhang. J.. & Zhou. G. (2019). Innovation network. technological learning and innovation performance of high-tech cluster enterprises. Journal of Knowledge Management. 23(9). 1729-1746. https://doi.org/10.1108/JKM-06-2018-0371
Pham. T. T. B.. & Do. Q. A. (2023). Innovation with the Development of High-Tech Urban Areas in Vietnam. Banking Review. Retrieved February 24. 2025 from https://tapchinganhang.gov.vn/ doi-moi-sang-tao-voi-phat-trien-khu-do-thi-cong-nghe-cao-viet-nam-6703.html
Podsakoff. P. M.. MacKenzie. S. B.. Lee. J. Y.. & Podsakoff. N. P. (2003). Common method biases in behavioral research: a critical review of the literature and recommended remedies. J Appl Psychol. 88(5). 879-903. https://doi.org/10.1037/0021-9010.88.5.879
Qingxiong. W.. & McElroy. J. C. (2010). HR environment and regional attraction: An empirical study of industrial clusters in China. Australian Journal of Management. 35(3). 245-263. https://doi.org/10.1177/0312896210384679
Rygh. A.. & Benito. G. R. G. (2023). Subsidiary Capital Structure in Multinational Enterprises: A New Internalization Theory Perspective. Management International Review. 63(6). 979-1019. https://doi.org/10.1007/s11575-023-00517-1
Sandoval Hamón. L. A.. Ruiz Peñalver. S. M.. Thomas. E.. & Fitjar. R. D. (2024). From high-tech clusters to open innovation ecosystems: a systematic literature review of the relationship between science and technology parks and universities. The Journal of Technology Transfer. 49(2). 689-714. https://doi.org/10.1007/s10961-022-09990-6
Ullah. S.. Ahmad. T.. Mehmood. T.. & Sami. A. (2023). Innovation and economic performance of firms in national science & technology park. Islamabad. Pakistan. foresight. 25(5). 633-648. https://doi.org/10.1108/FS-08-2021-0151
Vernon. R. (1966). International Investment and International Trade in the Product Cycle. The Quarterly Journal of Economics. 80(2). 190-207. https://doi.org/10.2307/1880689
Wang. Z.. Yang. Y.. & Wei. Y. (2022). Has the Construction of National High-Tech Zones Promoted Regional Economic Growth?—Empirical Research from Prefecture-Level Cities in China. Sustainability. 14(10). 6349. https://doi.org/10.3390/su14106349
Yang. S.. Liu. W.. & Zhang. Z. (2022). The Dynamic Value of China’s High-Tech Zones: Direct and Indirect Influence on Urban Ecological Innovation. Land. 11(1). 59. https://doi.org/10.3390/land11010059
Zhang. D.. Masron. T. A.. & Lu. X. (2024). The impact of digitalization on foreign direct investment inflows into cities in China. Cogent Economics & Finance. 12(1). 2330458. https://doi.org/10.1080/23322039.2024.2330458
Downloads
Publicado
Como Citar
Edição
Seção
Licença
Submeto (emos) o presente trabalho, texto original e inédito, de minha (nossa) autoria, à avaliação de Veredas do Direito - Revista de Direito, e concordo (amos) que os direitos autorais a ele referentes se tornem propriedade exclusiva da Revista Veredas, sendo vedada qualquer reprodução total ou parcial, em qualquer outra parte ou outro meio de divulgação impresso ou eletrônico, dissociado de Veredas do Direito, sem que a necessária e prévia autorização seja solicitada por escrito e obtida junto ao Editor-gerente. Declaro (amos) ainda que não existe conflito de interesse entre o tema abordado, o (s) autor (es) e empresas, instituições ou indivíduos.
Reconheço (Reconhecemos) ainda que Veredas está licenciada sob uma LICENÇA CREATIVE COMMONS:
Licença Creative Commons Attribution 3.0



