투자대상국의 특허권 보호 정도가 우리나라 해외직접투자에 미치는 영향 = The Effects of Patent Rights Protection on Foreign Direct Investment Outflows from Korea

다국어 초록 (Multilingual Abstract)

This study investigates the effects of the patent rights protection inhost countries on outward foreign direct investment from Korea. Theexisting papers which considered the R&D intensity as technologicaladvantages explicitly did not consider the patent right regimes in hostcountries in explaining the motives of outward foreign direct investmentof Korea. To fill this gap, this paper is designed to provide whether ornot there exists the effects of patent rights protection of host countrieson Korean outward foreign direct investment.
Using the data of 23 manufacturing sectors from 2007 to 2011 bygravity model it was found that stringent patent regimes have thenegative impacts on Korean outward foreign direct investment. Theresult shows that strong patent rights could increase the operating costsdue to the legal dispute regarding the infringement of patent. However,the paper found that for technology intensive sectors there exists thepositive relationship between the strong patent rights in host countriesand Korean foreign direct investment outflows. This result reveals thatthe stringent patent rights are more likely to contribute to increase theoutflows of Korean foreign direct investment in the high technologymanufacturing sectors.
Therefore, we found that the patent protection regimes can beconsidered as one of the determinants of outward foreign directinvestment in manufacturing industries and, especially, technology intensive sectors.

국문 초록 (Abstract)

본 논문은 투자대상국의 특허권 보호 정도가 우리나라 해외직접투자에 미치는 영향을 실증분석 하였다. 2007년부터 2011년까지 23개 제조업의 해외직접투자 자료를 이용하여 중력모형을 통해 분석한 결과, 투자대상국의 특허권 보호 정도가 강할수록 우리나라 해외직접투자에 부정적인 영향을 미치는 것으로 나타났다. 즉, 투자대상국의 특허권 보호가 강화될수록 특허권과 관련된 각종 소송비용과 영업비용이 증가하여 우리나라 해외직접투자는 감소할 가능성이 있다는사실을 나타낸다. 그러나 기술집약적인 산업의 경우 투자대상국의 특허권 보호강화는 해외직접투자를 증가시킬 수 있는 것으로 나타났다. 이러한 결과는 투자대상국의 특허권 보호 체계가 제조업 및 기술집약적 산업에 대한 해외직접투자의결정요인으로서 고려될 수 있음을 의미한다.

참고문헌 (Reference)

• 1 박영렬, "한국기업의 해외자회사 신규설립과 인수 선택 요인에 관한 연구" 한국국제경영학회 13 (13): 127-147, 2002
• 2 박영렬, "한국기업 해외직접투자 역사와 전략" 한국경영사학회 26 (26): 73-99, 2011
• 3 하병기, "한국 해외직접투자의 추이 및 구조적 특징" 산업연구원 2010
• 4 주시형, "특허 분쟁의 결정요인에 대한 연구 : 한국의 미국 특허 분쟁 정보를 활용한 분석" 한국지식재산연구원 6 (6): 111-132, 2011
• 5 이장호, "독점적 우위가 기업의 해외투자성과에 미치는 영향" 21 (21): 1992
• 6 손수정, "글로벌 특허전쟁 위기 극복을 위한 대응방안, STEPI Insight, 제90호" 과학기술정책연구원 2012
• 7 Allred, B. B., "The influence of patent protection on firm innovation investment in manufacturing industries" 13 (13): 2007
• 8 Hymer, S. H., "The International Operations of National Firms: A Study of Direct Foreign Investment" The MIT Press 1976
• 9 Smarzynska, B. K., "The Composition of Foreign Direct Investment and Protection of Intellectual Property Rights" The World Bank 2002
• 10 Smarzynska, B. K., "Technological Leadership and Foreign Investors’ Choice of Entry Mode" The World Bank 2000
• 11 Wei, S.-J., "Local Corruption and Global Capital Flows" 31 (31): 2000
• 12 Wheeler, D., "International investment location decisions: The case of U.S. firms" 33 (33): 1992
• 13 Mansfield, E., "Intellectual Property Protection, Direct Investment, and Technology Transfer: Germany, Japan, and the United States" The World Bank 27 : 1995
• 14 Mansfield, E., "Intellectual Property Protection, Direct Investment, and Technology Transfer" The World Bank 19 : 1994
• 15 Lee, J.-Y., "Intellectual Property Protection and U.S. Foreign Direct Investment" 78 (78): 1996
• 16 Choi, C., "Does the Internet stimulate inward foreign direct investment?" 25 (25): 2003
• 17 Ginarte, J. C., "Determinants of patent rights: A crossnational study" 26 (26): 1997
• 18 Rapp, R. T., "Benefit and Costs of Intellectual Property Protection in Developing Countries" 24 (24): 1990
• 19 Trevino, L, J., "An analysis of firm-specific resources and foreign direct investment in the United States" 11 (11): 2002
• 20 Blonigen, B. A., "A review of the empirical literature on FDI determinants" 33 (33): 2005