中国企业海外直接投资非市场因素影响实证研究  

An Empirical Study of the Effect of Non-market factors on China's Overseas Direct Investment

作　　者：龙云安[1] 

机构地区：[1]西华大学经济与贸易学院,四川成都610039

出　　处：《国际经贸探索》2013年第7期92-101,共10页International Economics and Trade Research

基　　金：四川省软科学资助项目(2010zr0141);国家社科基金一般项目(07BJY081)

摘　　要：文章应用回归模型研究中国企业海外直接投资的非市场因素作用机制,发现我国对外直接投资战略作为一种正式制度安排,许多中国企业在开始全球化之前,并不具备所有权优势。可是,影响海外直接投资的非市场因素却使中国企业培育出特殊的非市场能力;作为非市场因素的国家行为影响海外直接投资的区位选择;受传统商业文化的影响,中国企业通过建立个人关系网络,降低市场不确定性和交易成本;同发展中国家签订的双边投资协议,可以促进中国海外直接投资。Based on the 2002~2010 data of China＇s foreign direct investment in nearly 100 countries and regions, the paper finds that in terms of the strategy of China＇s FDI as a formal institutional arrangement, many enterprises do not have the ownership advantage before starting their globalization. However, the non-market factors impacting FDI help to foster their non-market capacity. The state act as a non-market factor affects the location choice of Chinese enterprises＇ overseas direct investment, and the Chinese enterprises impacted by Chinese traditional culture reduce their market uncertainty and transaction costs through the establishment of a personal social relation network of mutual trust. And the signing of bilateral investment agreements with the developing countries has a positive promotion effect on China＇s foreign direct investment.

关 键 词：个人社会关系网络 双边投资协定 国家行为 非市场能力 

分 类 号：F832.48[经济管理—金融学]