对外直接投资、信息不对称与华商网络

发布时间：2018-05-17 20:52

本文选题：对外直接投资 + 信息不对称　；参考：《山西财经大学学报》2010年02期

【摘要】：信息不对称导致投资机会的稀缺和道德风险的增加,是企业对外直接投资的主要障碍,而华商网络通过信息共享和契约监督机制可以克服这些障碍和风险。本文使用中国2003～2008年对87个国家(地区)的对外直接投资数据,分析华商网络是否通过上述机制影响中国对外直接投资。实证结果发现:华商网络对中国对外直接投资有明显的促进作用,并且这种促进作用在与中国差异较大的非亚洲地区更明显;华商网络主要通过信息共享机制促进中国对外直接投资,契约监督机制的促进作用并不明显。
[Abstract]:Asymmetric information leads to the scarcity of investment opportunities and the increase of moral hazard, which is the main obstacle to OFDI, and the Chinese business network can overcome these obstacles and risks through the mechanism of information sharing and contract supervision. Based on the data of China's FDI in 87 countries (regions) from 2003 to 2008, this paper analyzes whether the Chinese business network influences China's FDI through the above mechanism. The empirical results show that: the Chinese business network has a significant role in promoting China's foreign direct investment, and this role is more obvious in non-Asian regions, where there is a big difference between China and China; The Chinese business network mainly promotes China's foreign direct investment through information sharing mechanism, but the contract supervision mechanism does not play a significant role in promoting China's foreign direct investment.
【作者单位】：上海财经大学国际工商管理学院;
【基金】：上海财经大学211三期项目《企业国际化经营与中国产业安全问题系列研究》子课题《中国企业国际化经营战略研究》的研究成果
【分类号】：F837.12

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