“一带一路”倡议提升我国生产性服务企业OFDI创新绩效了吗?——基于双重差分的准自然实验  

Has the "Belt and Road" Initiative Improved the Innovation Performance of Producer Service Enterprises OFDI in China?——Quasi-natural Experiment Based on DID

作　　者：刘越[1] 张露梅[2] LIU Yue;ZHANG Lumei(Anhui University of Finance and Economics,Bengbu 233030,Anhui,China)

机构地区：[1]安徽财经大学经济学院,安徽蚌埠233030 [2]安徽财经大学,安徽蚌埠233030

出　　处：《东北农业大学学报（社会科学版）》2022年第2期67-79,共13页Journal of Northeast Agricultural University:Social Science Edition

基　　金：2021年国家社会科学一般项目“新发展阶段数字经济和实体经济深度融合发展研究”(21BJY157);2019年度安徽财经大学研究生教育教学建设项目一般项目“新经管背景下理论经济学专业研究生科研创新能力评价及培养路径优化研究”(cxjhjyyb1911)。

摘　　要：基于2010—2019年我国生产性服务业上市公司OFDI数据、企业创新数据与财务数据,分析“一带一路”倡议对我国生产性服务企业OFDI创新绩效的影响及作用机制。研究发现,“一带一路”倡议显著提升了我国生产性服务企业OFDI创新绩效,正向促进效应为0.288。进一步研究表明,“一带一路”倡议政策效果具有滞后性,2016年初步显现,之后政策促进效应不断增强;从企业产权性质、企业所在区域、投资东道国三方面异质性分析表明“一带一路”倡议政策效果异质性明显。传导机制分析发现,“一带一路”倡议通过市场规模效应、研发投入效应、融资效应和人力资本效应进而影响生产性服务企业OFDI创新绩效。政府精准扶持企业、企业实行差异化投资、完善人才激励制度、加大研发投入以及提升自主创新能力是提升我国生产性服务企业OFDI创新绩效的有效路径。Based on the OFDI data, enterprise innovation data and financial data of listed companies in China’s producer service industry from 2010 to 2019, this paper analyzes the impact and mechanism of the "Belt and Road" initiative on the OFDI innovation performance of China’s producer service enterprises. The study finds that the "Belt and Road" initiative has significantly improved the OFDI innovation performance of China’s producer service enterprises, with a positive promotion effect of 0.288. Further research shows that the policy effect of the "One Belt, One Road" initiative has a lag, which initially appeared in 2016, and then the policy promotion effect continued to increase;the heterogeneity analysis from the nature of enterprise property rights, the region where the enterprise is located, and the host country for investment shows that the effect of policy of the "One Belt One Road" initiative is obviously heterogeneous. The transmission mechanism analysis shows that the "Belt and Road" initiative affects OFDI innovation performance of productive service enterprises through market scale effect, R&D investment effect, financing effect and human capital effect. The effective ways to improve the innovation performance of OFDI of productive service enterprises in China are targeted government support, differentiated investment by enterprises, improvement of talent incentive system, increase R&D investment and improvement of independent innovation capacity.

关 键 词：“一带一路”倡议 生产性服务企业 对外直接投资 创新绩效 双重差分法 

分 类 号：F125[经济管理—世界经济]