中国跨国并购逆向技术溢出对技术进步影响的研究

发布时间：2019-01-14 16:14

【摘要】：近年来，我国经济发展迅猛，对外直接投资活动也随之兴起，而跨国并购作为对外直接投资的一种重要方式，其并购数量和金额也不断增加，到2008年，跨国并购金额达到16319百万美元，金融危机后，开始缩减，2011年我国累计实现跨国并购5934百万美元。虽然我国在对外直接投资领域已经有了一定的成就，但对跨国并购的研究还是很少，仍然存在很多问题，核心技术缺乏，消化吸收能力不足，，自主创新能力薄弱等，种种原因都使我国永远只能躲在发达国家的背后，不能从根本上夺得先进技术的掌控权，从而促进我国国内的技术进步。随着我国跨国并购的不断增加，中国跨国并购与我国全要素生产率是否存在稳定的动态均衡关系？我国企业是否能通过跨国并购带来的逆向溢出获得东道国的核心技术，增强我国企业的自主创新能力？这都是我国企业现阶段急待解决的问题。全要素生产率作为一个综合指标，可代表一个国家的生产力发展水平和技术进步水平。因此，本文选取了我国1995--2011年全要素生产率、跨国并购存量及国内研发资本存量三个变量这16年的数据，运用回归分析模型，对我国跨国并购和国内研发投入与全要素生产率的关系进行了实证分析，结果表明，国内研发投入确实对我国全要素生产率有一定的正作用，但跨国并购存量对全要素生产率的增长没有太明显的相关性。最后，根据我国跨国并购的现状与不足，提出如何使跨国并购能够有效的发挥提高我国全要素生产率及科研水平的政策建议。
[Abstract]:In recent years, with the rapid economic development of our country, the activities of foreign direct investment also rise. As an important way of foreign direct investment, transnational M & A (M & A) is increasing in quantity and amount. After the financial crisis, the amount of cross-border M & A (M & A) reached $16319 million, which began to shrink. In 2011, China realized $5934 million of cross-border M & A (M & A). Although China has made some achievements in the field of foreign direct investment, there are still few researches on cross-border mergers and acquisitions. There are still many problems, such as lack of core technology, insufficient capacity of digestion and absorption, weak ability of independent innovation, etc. All sorts of reasons make our country hide behind the developed country forever, can't seize the control power of advanced technology fundamentally, thus promote the technical progress of our country. With the increasing of China's cross-border M & A, is there a stable dynamic equilibrium relationship between China's cross-border M & A and total factor productivity? Can Chinese enterprises acquire the core technology of the host country through the reverse spillover of cross-border mergers and acquisitions, and enhance the independent innovation ability of Chinese enterprises? This is our country enterprise at present urgent need to solve the problem. As a comprehensive index, total factor productivity can represent the level of productivity development and technological progress of a country. Therefore, this paper selects the data of China's total factor productivity (TFP), cross-border M & A stock and domestic R & D capital stock for 16 years from 1995 to 2011, and applies regression analysis model. This paper makes an empirical analysis on the relationship between domestic R & D investment and total factor productivity (TFP) in China. The results show that domestic R & D investment does play a positive role in TFP. However, the stock of cross-border M & A has no obvious correlation with the growth of total factor productivity. Finally, according to the current situation and deficiency of cross-border M & A in China, the paper puts forward some policy suggestions on how to improve the TFP and scientific research level effectively.
【学位授予单位】：首都经济贸易大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F273.1;F124.1;F279.2

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