摘要
本文以中国上市跨国企业为样本,研究了交易成本理论视角下中国企业OFDI进入模式的选择行为。研究发现,总体文化距离越大、东道国国家风险越高、企业多元化经营程度越高、企业所有权优势越明显,中国企业OFDI选择合资进入模式的几率越高;而东道国市场规模、企业规模越大,中国企业OFDI选择全资进入模式的几率越高。文章最后结合中国的现有约束对上述结论作出了解释。
The paper tests the entry mode of outward foreign direct investment of China＇ s listed companies of multinational business based on transactional cost theory. The results reveals that overall cultural distances, host country risks, diversification and ownership of business advantages would make firms more likely to choose a joint venture entry mode. If the host market size and finn size are bigger, the Chinese enterprises tend to chooce wholly - owned entry mode. Combined with the China＇ s special restrictions, the paper interprets those research findings in the end.
出处
《财经论丛》
CSSCI
北大核心
2011年第6期21-26,共6页
Collected Essays on Finance and Economics
基金
国家社会科学基金资助项目(11CGL037)
