法律起源与外资进入模式:来自中国的经验

发布时间：2019-03-01 16:49

【摘要】：法律制度、法律起源对于经济的重要性日益被经济学家所认识。但是,法律起源对于外资进入模式的影响,迄今还没有文献进行系统的研究。本文使用2002年中国外资企业数据,结合进入模式的交易成本理论,对此问题进行了初步研究。研究结果表明,法律起源对外资进入模式的选择具有显著影响:来源于相同法律起源的外国投资者更倾向于采用独资企业的方式进入中国,在合资企业和合作企业中也愿意持有更多的股份。进一步的考察表明,随着时间的推移,来自不同法律起源国家的投资者在进入模式上的选择差异有所减弱,这表明随着中国对外开放的深入进行,外国投资者在进入中国时的不确定性在一定程度上有所降低。
[Abstract]:The importance of the legal system and the origin of the law to the economy is increasingly recognized by economists. However, the influence of legal origin on the mode of foreign capital entry has not been systematically studied. Based on the data of Chinese foreign-funded enterprises in 2002 and the transaction cost theory of entry mode, this paper makes a preliminary study on this problem. The research results show that the legal origin has a significant impact on the choice of foreign capital entry mode: foreign investors from the same legal origin tend to enter China in the form of sole proprietorship. Also willing to hold more shares in joint ventures and joint ventures. Further investigation shows that over time, the choice of investors from countries with different legal origins has weakened in terms of the choice of entry modes, which indicates that with the deepening of China's opening-up to the outside world, The uncertainty of foreign investors entering China has been reduced to a certain extent.
【作者单位】：中央财经大学经济学院;中山大学岭南学院;中国银行总行;北京大学中国经济研究中心;
【基金】：国家自然科学基金(70973141、71003112、70803054) 教育部规划基金项目“背景风险与家庭金融投资行为研究”(11YJA790042) 中央财经大学“211”工程三期建设项目以及“青年科研创新团队”资助
【分类号】：D90;F832.6

【相似文献】