OFDI逆向技术溢出门槛与母国技术进步——基于绿地投资与企业海外并购的比较  

OFDI Reverse Technology Spillovers Threshold and Home Country's Technological Progress

作　　者：庞磊[1,2] PANG Lei(Yunnan University,Kunming 650091,China;Yunnan Normal University,Kunming 650500,China)

机构地区：[1]云南大学理论经济学博士后流动站,云南昆明650091 [2]云南师范大学经济与管理学院,云南昆明650500

出　　处：《首都经济贸易大学学报》2018年第4期49-57,共9页Journal of Capital University of Economics and Business

基　　金：云南省哲学社会科学规划基金"云南科技型企业生产网络新格局构建研究"(QN2017010);云南师范大学博士科研启动项目"‘一带一路’战略下我国企业海外并购与母国技术进步问题研究"(160025)

摘　　要：对中国企业海外并购与绿地投资两种对外直接投资方式(OFDI)与母国技术进步的关系进行横纵两向比较与探讨分析,结果显示:企业海外并购技术转移度低于绿地投资技术转移度,因而企业海外并购获得的逆向技术溢出包括研发资金溢出与人力资本溢出均高于绿地投资的溢出效应,企业海外并购与绿地投资对母国技术进步均有促进作用。同时,受到母国研发资金投入与人力资本存量约束,二者分别为企业海外并购与绿地投资设立了最低与最高"门槛值",企业海外并购数量超过最低"门槛值"与绿地投资低于最高"门槛值"均会带动母国技术进步,反之两者都抑制母国技术进步。因此,中国应提高对外直接投资中企业海外并购份额,以提高技术进步程度。This paper studies the overseas ma and greenfield investment—two ways of foreign direct investment（ OFDI） and the relationship between them and home technology progress. Through transverse comparison and analysis,the conclusions are drawn： technology transfer degree of overseas mergers and acquisitions is lower than that of greenfield investment,thus overseas acquisition of reverse technology overflow including rd capital spillover and human capital overflow are higher than greenfield investment spillover effect,overseas ma and greenfield investment both have positive effect on China＇s technological progress,meanwhile,they both set up the lowest and highest ＂threshold＂when enterprise acquisitions overseas surpass the minimum ＂threshold＂or greenfield investment is lower than the highest ＂threshold＂. On the contrary,it is the opposite. Therefore,China should increase the enterprise acquisitions overseas share in order to improve the technical progress.

关 键 词：对外直接投资 技术转移 逆向技术溢出 绿地投资 企业海外并购 

分 类 号：F832.48[经济管理—金融学]