国际化引导效应理论在中国的验证及应用前景——基于海外市场中资银行的面板数据  

Verification and Prospect on International Orientation Theory in China——Based on Panel data of Chinese Banks from Overseas Market

作　　者：吴晓云[1,2] 孙轻宇[1] 

机构地区：[1]南开大学商学院,天津300071 [2]南开大学国际商务研究所,天津300457

出　　处：《管理评论》2012年第12期3-13,共11页Management Review

基　　金：国家自然科学基金项目(70872054;71172069)

摘　　要：基于国际化的贸易和投资引导效应理论,在中国情景下研究银行国际化与企业跨国经营之间的关联性,利用Granger因果关系检验方法及中资银行在世界33个国家和地区的面板数据展开实证研究。结果表明:企业对外直接投资能够引导中资银行的国际化进程,东道国市场机会和经济发展水平等区位因素在银行国际化引导效应中影响显著;中资银行进入发达国家贸易引导效应显著,而进入新兴市场国家和发展中国家贸易引导效应不显著。本文对我国银行企业国际化战略选择及政策制定具有一定的参考价值。Based on international trade and investment-orientated theory, this paper empirically analyzes the relationship between internationalization of banks and multinational corporations＇ business activities, by using Granger causality analysis and panel data of 33 countries and regions. The study concludes that FDI has led Chinese banks in the process of internationalization, and some location factors such as local market opportunity and economic development appear to have significant effect. Furthermore, international trade has led Chinese banks in the process of internationalization in developed countries, and there is no clear causality in emerging markets and developing countries. This study makes a contribution to the international strategic choices and polices making of Chinese banks.

关 键 词：国际化 引导效应 中资银行 对外直接投资 国际贸易 

分 类 号：F832.2[经济管理—金融学] F224