Vertical Spillover Effects of Multinationals on Chinese Domestic Firms via Supplier-Customer Relationships  

作　　者：Faqin Lin Chao Zhang Lin Wang 

机构地区：[1]School of International Trade and Economics,Central University of Finance and Economics [2]School of International Trade and Economics,University of International Business and Economics [3]Institute of Economics, Chinese Academy of Social Sciences

出　　处：《China & World Economy》2013年第6期37-57,共21页中国与世界经济（英文版）

基　　金：financial support from the Fulbright Scholarship and the Graduate Academic Research and Innovation Foundation of the University of International Business and Economics(Project:A20110122)

摘　　要：Foreign direct investment （FDI） can benefit domestic firms in the host country. Using firm- level data for China, we find statistically positive vertical spillover effects of multinational enterprises on the performance of domestic firms through backward and forward supplier- customer relationships. The spillover effects are mainly from large multinational enterprises and are greater for state-owned firms and in poor regions. Our results are robust for both parametric regression and nonparametric matching techniques. Our findings have strong policy implications： while regulations relating to building business relationships with domestic firms when seeking foreign direct investment should be established, such policies should be aimed at private firms, big multinationals and less developed regions.Foreign direct investment （FDI） can benefit domestic firms in the host country. Using firm- level data for China, we find statistically positive vertical spillover effects of multinational enterprises on the performance of domestic firms through backward and forward supplier- customer relationships. The spillover effects are mainly from large multinational enterprises and are greater for state-owned firms and in poor regions. Our results are robust for both parametric regression and nonparametric matching techniques. Our findings have strong policy implications： while regulations relating to building business relationships with domestic firms when seeking foreign direct investment should be established, such policies should be aimed at private firms, big multinationals and less developed regions.

关 键 词：foreign direct investment multinational enterprises supplier-customer relationships vertical spillover effects 

分 类 号：F276.7[经济管理—企业管理] F279.23[经济管理—国民经济]