社会信任与FDI区位选择:来自美国在华直接投资的证据  

Social Trust and Location Choice of FDI:Evidence from US Direct Investors in China

作　　者：邵笑 车翼 SHAO Xiao;CHE Yi(Antai College of Economics&Management,Shanghai Jiao Tong University,Shanghai 200030,China;School of Business,East China University of Science and Technology,Shanghai 200237,China)

机构地区：[1]上海交通大学安泰经济与管理学院,上海200030 [2]华东理工大学商学院,上海200237

出　　处：《上海管理科学》2022年第4期64-69,共6页Shanghai Management Science

基　　金：国家自然科学基金项目(72073095、71703099和71703085)。

摘　　要：基于2001年国家统计局对5926家美国公司调查数据,采用条件Logit模型实证分析了社会信任对FDI区位选择的影响机制。结果表明:社会信任对吸引美国直接投资者存在显著的正向影响;经济制度对社会信任存在正向调节作用,完善的合同执行和产权保护制度会扩大该正向影响;此外,该影响和调节作用在企业规模和类型上存在差异。在考虑了信任水平测度问题以及放宽了模型IIA假设后,该结论依然稳健。Recent studies have proved the important role of social trust in international trade.Based on the NBS’s survey of 5,926 US multinational manufacturing companies investing in 27 China’s regions in 2001,this paper uses Conditional Logit model to examines the influence of social trust on FDI location choice.The results show that,firstly,social trust plays an important role in explaining FDI location choice.US multinationals tends to choose regions with higher social trust.Secondly,there is a complementary effect between social trust and economic institutions.That is,the social trust will promote more FDI in regions with more perfect contract enforcement and property rights protection.Thirdly,the influence and complementary effect have heterogeneity in enterprise size and type.After considering the measurement of social trust and relaxing the IIA hypothesis,the conclusion remains robust.

关 键 词：社会信任 外商直接投资 区位选择 经济制度 交互效应 

分 类 号：F832.5[经济管理—金融学]