Integrating research on foreign direct investment spillover and management innovation literature, this study develops and tests a spillover–management innovation–performance process model. The model posits that managerial spillovers, defined as the movement of managers from multinational enterprises to domestic firms, are indirectly related to the latter’s performance through management innovation, which serves as a conversion platform internalizing acquired knowledge for performance attainment. Moreover, we propose that the density of foreign direct investment and indigenous firms’ absorptive capacity moderate the spillover–innovation and innovation–performance relationships, respectively. Our findings support these propositions.

中文翻译：

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本土企业的管理创新是否能从跨国企业的管理溢出中受益？

该研究综合了对外国直接投资溢出和管理创新文献的研究，开发并测试了溢出-管理创新-绩效过程模型。该模型认为，管理溢出是指管理者从跨国公司向国内公司的转移，它通过管理创新与后者的绩效间接相关，后者是将获取的知识内部化以实现绩效的转换平台。此外，我们建议外国直接投资的密度和本土公司的吸收能力分别缓和溢出，创新和创新绩效之间的关系。我们的发现支持了这些主张。