母国技术能力对东亚与东南亚海外投资的影响:基础设施与制度因素的调节作用  

Influence of Motherland technological capability on OFDI to East and South East Asia: Moderating roleof Infrastructures and Institutional Factors

作　　者：吴晓波[1] 苏佩佩[1] 支东兴 

机构地区：[1]浙江大学管理学院,浙江杭州310058

出　　处：《西安电子科技大学学报（社会科学版）》2015年第4期16-23,共8页Journal of Xidian University：Social Science Edition

摘　　要：本文基于二手数据研究中国和日本的公司对东亚和东南亚的投资行为如何受其母国技术能力、东道国的基础设施和制度的影响,并进一步探究东道国基础设施和制度的调节作用。本文选取中国和日本对东亚、东南亚九个主要的国家和地区十年间的180个(中国和日本各90个)直接投资的样本数据进行研究分析,得出结论:(1)对于中国来说,技术能力、东道主基础设施建设和制度对母国对外直接投资有很大影响。东道国基础设施建设质量越高、经济自由程度越高、治理越有效、中国跨国公司技术能力越高,中国的对外直接投资就越高;并且当东道国基础设施建设质量越高、经济自由度越高、治理越有效的条件下时,母国技术能力对其对外直接投资的正向影响就越强。(2)对于日本来说,技术能力对母国对外直接投资有负向影响。母国技术能力越强,日本对外直接投资就越少,并且当东道国基础设施建设较好时,这种负向作用表现得更为明显。这表明日本作为一个发达国家,更倾向于专利保护,而非技术输出,当东道国的基础设施较好时,这种专利保护的倾向更为强烈。This article is focused on how investments of Chinese and Japanese companies to east and south east Asia are influenced by technology of their home countries and infrastructures and institutions of host countries. Furthermore, we consider about the moderating role of infrastructures and institutions. The data comes from 180 investment cases in nine East and Southeast Asian countries, 90 of which are carried out by Chinese companies and the rest are implemented by Japanese countries. In sum, we draw following conclusions: (1) In terms of China, technology of home country, infrastructures and institutions of host countries all paly important roles in OFDI( Outward Foreign Direct Investment). Better infrastructure, higher level of economic freedom and governance, as well as higher level of technology will lead to more investments. Besides, if the levels of economic freedom and governance are higher, technology of home country will have a stronger influence on OFDI. (2) As for Japan, Japanese technology capability plays a negative role in OFDI. The better technology capability is, the less Japanese companies invest in these host countries. And this tendency becomes more evident if host countries have better infrastructures. It shows that as a developed country, Japan tends to protect its patents rather than output technology. This tendency of patent protecting is more strong if host countries have better infrastructures.

关 键 词：对外直接投资 技术能力 制度 政府有效性 经济自由度 折衷范式 

分 类 号：F283[经济管理—国民经济]