中国企业国内横向整合与国际化所有权优势  

Domestic Horizontal Integration of Chinese Enterprises and International Ownership Advantages

作　　者：黄嫚丽[1] 赵妙荻 蓝海林[1] 

机构地区：[1]华南理工大学工商管理学院 [2]华南理工大学中国企业战略管理研究中心

出　　处：《管理学报》2015年第3期332-341,共10页Chinese Journal of Management

基　　金：国家自然科学基金资助项目(71272133);国家自然科学基金资助青年项目(71102044);广东省自然科学基金资助项目(2014a030313268);广东省普通高校人文社会科学研究资助项目(2012WYXM_0004)

摘　　要：构建了中国企业国内横向整合与企业国际化所有权优势的逻辑关系,并提出了相应的研究假设。基于二手数据的实证研究发现:中国企业的国内地域多元化程度与资产优势正相关,与制度优势呈U型关系;制度优势与企业绩效呈U型关系;国际化程度对制度优势与企业绩效间的关系呈负向调节作用。研究表明,解释中国企业国际竞争优势来源的突破口在于制度优势,提出的新型所有权优势形成机制丰富了OLI的内涵,同时又回应了当前国际学术界关于关注新兴市场企业国际化行为的母国制度效应的呼吁。This study investigated the logical relationship between domestic horizontal integration of Chinese enterprises and international ownership advantages, then developed the research hypothesis correspondingly. Through empirical research based on secondary data, it found in Chinese enterprises that there is a positive correlation between the degree of domestic geographic diversification and assets advantages （Oa）, there is a U-shaped relationship between the degree of domestic geographic diversi- fication and institutional advantages （Oi）, and there is a U-shaped relationship between institutional strengths （Oi） and Enterprise Performance. Specially, the degree of internationalization showed nega tive moderating effect on the relationship between the institutional advantages （Oi） and corporate per- formance. This study involved the academic discussion about the amending of OIA theory. The results of this study indicated that the source of international competitive advantage of Chinese enterprises is Oi, and thus a new formation mechanism of ownership advantages was proposed, which not only enri ches the OLI＇s connotation, but also meets the appeal of current academia focusing on the home insti- tutional effects on emerging markets enterprises＇ internationalization behavior.

关 键 词：国内横向整合 国际化 所有权优势 制度优势 

分 类 号：C93[经济管理—管理学]