“一带一路”沿线跨境技术并购网络格局演化特征——以高科技企业标的为例  

The evolution process of cross-border technological M&A network along the Belt and Road:Based on the data of high-tech enterprise targets

作　　者：黄晓东 杜德斌[1,2,3] 覃雄合 卢函 HUANG Xiaodong;DU Debin;QIN Xionghe;LU Han(Institute for Global Innovation and Development,East China Normal University,Shanghai 200062,China;Center for World Geography and Geo-Strategic Studies,East China Normal University,Shanghai 200062,China;School of Urban and Regional Science,East China Normal University,Shanghai 200241,China)

机构地区：[1]华东师范大学全球创新与发展研究院,上海200062 [2]华东师范大学世界地理与地缘战略研究中心,上海200062 [3]华东师范大学城市与区域科学学院,上海200241

出　　处：《地理研究》2022年第5期1352-1370,共19页Geographical Research

基　　金：国家社会科学基金重大项目(19ZDA087)。

摘　　要：技术并购是企业获取先进知识和培育新兴市场的重要方式,对“一带一路”创新之路的建设具有重要影响。论文基于高科技企业标的数据,借助社会网络分析、GIS技术以及零膨胀负二项模型等方法,对“一带一路”沿线跨境技术并购网络格局演化特征进行探讨。结果表明:①沿线跨境技术并购网络联系有增强增密趋势,但网络化水平不高,参与国家(地区)数量、并购路径、网络密度等指标均有待提升。②以电子信息业为主导的网络行业格局趋向多元化,归属非高科技行业的企业也逐渐广泛参与到网络建构中,特别是中国香港、新加坡的金融业并购方的数量大幅增多。③网络空间格局异质性显著,中国、印度、东南亚是发起/接收跨境技术并购联系的核心地与增长区,相比之下中东欧在网络中的优势地位未能保持,中亚及里海周边地区发出联系的能力仍旧较弱。④研究期内,国家(地区)间地理、宗教以及历史的邻近性是驱动网络演化的积极因素,而国家(地区)的经济市场规模与和平稳定程度在2013—2017年只对跨境技术并购联系的接收产生积极影响,科技发展水平只对联系的发出产生积极影响。Cross-border mergers and acquisitions of high-tech enterprises(technological M&As),an important way for enterprises to acquire international advanced knowledge,have been rising worldwide in recent years.At the same time,the Belt and Road countries and regions have also attracted several large-scale technological M&As,which is of great significance for further promotion of the Belt and Road Initiative in the field of investment and technical cooperation.However,we remain almost clueless about this new phenomenon,especially in developing or less developed countries/regions along the Belt and Road,which show quite different characteristics and mechanisms in technological M&A activities from the developed ones.Therefore,based on the data for the cross-border M&As of targeting high-tech enterprises from 1998 to 2017,this paper explores the evolution characteristics and its mechanism of technological M&A network along the Belt and Road,via complex network analysis,the GIS method,and the zero-inflated negative binomial model.Our empirical results show that:(1)The scale,scope,and density of technological M&A network have increased significantly,but the level of networking is relatively low.Therefore,the number of countries/regions,connection paths,and connection density in the network need to be further improved.(2)Although the industrial structure of technological M&A network is dominated by the information and communication technology industry,there is a pluralistic trend that enterprises from non-high-tech industries are also getting increasingly involved in technological M&A network.The number of companies that have acquired financial industries in Hong Kong of China and Singapore has increased significantly.(3)The spatial distribution of technological M&A network is extremely uneven.China,India,and Southeast Asia are found to be the rapid growth areas in the launch and receive for network connection,while the first-mover advantage of Central and Eastern Europe in the network became less obvious;Central Asia and the

关 键 词：跨境并购 技术并购 创新网络 对外投资 “一带一路” 

分 类 号：F271[经济管理—企业管理] F276.44[经济管理—国民经济] F125