信息缺失对外来者劣势的影响机理——以海外上市的中国公司为例

发布时间：2018-03-08 03:06

本文选题：信息缺失　切入点：投资者认知成本　出处：《产经评论》2016年01期 　论文类型：期刊论文

【摘要】：外来者劣势意即跨国公司在东道国经营时因承担本土企业不用承担的成本而在竞争中处于劣势,鉴于信息对跨国公司经营的重要性,需深入研究信息缺失对外来者劣势的影响机理。选取2005-2014年在海外上市的83家中国公司为样本,以投资者认知成本为中介变量,基于中介效应模型,实证检验信息缺失对外来者劣势的影响。结果表明:信息缺失对外来者劣势和投资者认知成本都有显著的正向影响,投资者认知成本对外来者劣势具有显著的正向影响,投资者认知成本在信息缺失和外来者劣势之间产生部分中介作用。根据实证结果,相应给出从弥补信息缺失和重视投资者认知成本管理两方面降低外来者劣势的对策。
[Abstract]:Outsider disadvantage means that multinational corporations are at a disadvantage in competition because they bear the costs that local enterprises do not have to bear when they operate in the host country. In view of the importance of information to the operation of multinational corporations, It is necessary to deeply study the influence mechanism of lack of information on the disadvantage of outsiders. 83 Chinese companies listed overseas from 2005 to 2014 are selected as samples, and the cognitive cost of investors is used as intermediary variable, based on the intermediary effect model. The results show that the lack of information has a significant positive impact on the disadvantage of the outsider and the cognitive cost of the investor, while the cognitive cost of the investor has a significant positive impact on the disadvantage of the outsider. The cognitive cost of investors plays a part of intermediary role between information deficiency and outsider disadvantage. According to the empirical results, the countermeasures are given to reduce the disadvantage of the outsider from two aspects: making up for the lack of information and paying attention to the management of investor's cognitive cost.
【作者单位】：东北大学工商管理学院国际经济与贸易系;
【基金】：高等学校博士学科点专项科研基金“基于公共产品视角的专利联盟形成困境及经济机制设计”(批准号:20100042110012;主持人:杜晓君) 国家社会科学基金后期资助项目“有效率的专利联盟:竞争效应、创新效应”(批准号:10FJY003;主持人:杜晓君);国家社会科学基金重点项目“组织身份变革及意义给赋:克服外来者劣势的动态机制研究”(批准号:15AGL006;主持人:杜晓君)
【分类号】：F276.7

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