中国企业海外R&D投资影响因素的实证研究  

An Empirical Study on the Factors Influencing China's Overseas R&D Investment

作　　者：张纪凤[1] 

机构地区：[1]东南大学经济管理学院,江苏南京211189

出　　处：《国际经贸探索》2014年第7期74-83,共10页International Economics and Trade Research

基　　金：2013年度江苏省社科基金青年项目"江苏对外直接投资带动产业转型升级研究"(13EYC023)

摘　　要：文章利用101家中国制造业上市公司的177个海外子公司投资数据,通过建立三元选择Logit模型,从投资企业和东道国两个层面分析了中国企业市场支撑型和技术寻求型海外R&D投资的影响因素。结果表明:东道国人均GDP、东道国的R&D投入对市场支撑型R&D投资有显著正向影响,母公司的R&D投入、东道国人均GDP和R&D投入对技术寻求型R&D投资有显著正向影响。因此,中国企业市场支撑型海外R&D投资受东道国购买力水平的影响,技术寻求型海外R&D投资受母公司技术水平和东道国R&D资源丰裕程度的双重影响。Using the firm-level micro-data of 101 Chinese listed companies in manufacturing industry, the paper studies the factors determining the location of Chinese multinationals＇ R＆D activities abroad through the establishment of multinomial Logit model. It distinguishes between the two types of overseas R＆D： supported-oriented R＆D and technology sourcing R＆D. The results show that the host country＇s per capita GDP and R＆D inputs have a significant positive impact on supported-oriented R＆D investments. The parent firm＇s R ＆D inputs, the host country＇s per capita GDP and R＆D inputs have a significant positive impact on technology-sourcing R＆D. So supported--oriented R＆D investment is influenced by the purchasing power of the host country, while the technology sourcing R＆D investment is influenced by the parent firm＇s technical level and the host country＇s R＆D resources together.

关 键 词：海外R&D投资 市场支撑型R&D 技术寻求型R&D 影响因素 

分 类 号：F125.4[经济管理—世界经济]