对外直接投资速度与母公司绩效:基于吸收能力视角分析

发布时间：2018-06-02 14:40

本文选题：对外直接投资速度 + 全要素生产率　；参考：《世界经济研究》2017年12期

【摘要】：运用2004~2007年工业企业数据库和境外企业(机构)投资名录,将对外直接投资速度引入国际投资理论体系中,从吸收能力视角出发,重点考察投资速度对母公司绩效的调节作用。研究结果表明:(1)对外直接投资速度对母公司生产率的调节作用呈现"倒U型";(2)对外直接投资速度对不同所有制企业生产率的调节作用大体一致,但对国有企业生产率的调节作用要弱于非国有企业;(3)吸收能力负向影响投资速度与母公司生产率间的"倒U型"关系,这一点在分样本回归中也得到了证明。政府制定政策时要调控海外投资速度,不同类型企业监管力度和方向应有所差异,企业本身要增大研发投入和吸引优秀人力。
[Abstract]:By using the database of industrial enterprises from 2004 to 2007 and the investment list of overseas enterprises (institutions), this paper introduces the speed of foreign direct investment into the international investment theory system, and from the perspective of absorptive capacity, focuses on the regulating effect of investment speed on the performance of parent company. The results show that: (1) the adjusting effect of FDI speed on the productivity of parent company is "inverted U-shaped" and "inverted U") the speed of OFDI has the same effect on the productivity of enterprises with different ownership. However, the regulation of productivity of state-owned enterprises is weaker than that of non-state-owned enterprises. The negative influence of absorptive capacity on the relationship between investment speed and productivity of parent company is also proved by sample regression. The government should adjust and control the speed of overseas investment when the government makes the policy. The supervision and direction of different types of enterprises should be different. The enterprises themselves should increase their R & D investment and attract excellent manpower.
【作者单位】：宁波大学商学院;宁波大学区域经济与社会发展研究院;
【基金】：宁波大学人文社会科学专项项目“引进外资与对外投资两大战略的协调机制与政策研究”(项目编号:XPYA15001)成果之一浙江省社会科学规划优势学科重大委托项目“引进外资与对外投资两大战略现实问题、协调总目标、具体内容及存在障碍和困难研究”(项目编号:16YSXK05ZD-1YB)成果之一国家自然科学基金青年项目“中国对外直接投资宽度与深度对企业创新的影响研究”(项目编号:71704087)成果之一
【分类号】：F125;F406.7;F425

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