制度距离与外商直接投资--一项基于中国的经验研究

利用2000-2003年间69个投资国和地区的国别资料,本文分析了制度上的差异与作为东道国的中国吸引外商直接投资之间的关系.研究结果表明:文化制度差异越大,投资国在中国的直接投资越少;包括法律完善程度和私有财产保护程度在内的法律制度差异越大,投资国在中国的直接投资越少;贸易政策、货币政策、金融管制政策等宏观经济制度差异越大,投资国在中国的直接投资越少;政府干预程度、工资控制程度和市场规范程度等微观经济制度差异越大,投资国在中国的直接投资越少.在上述发现的基础上,本文提出了相应的政策建议.     

SME internationalization and performance: Growth vs. profitability

Lu and Beamish (2001) examined the effect of two internationalization strategies, exporting and foreign direct investment (FDI), on SME performance (ROA). We extend this research by examining the differential effects of these strategies on two other dimensions of SME performance: growth and ROS. We develop and test four sets of hypotheses using a sample of 164 Japanese SMEs. We find that exporting activity has a positive impact on growth, but negative impact on profitability. FDI activity has a positive relationship with growth, but a U curve relationship with profitability. Exporting activity has a positive moderating effect on the relationship between an SME’s FDI activity and firm growth, a negative moderating effect on the relationship between an SME’s FDI activity and firm profitability. An SME’s age when it starts to make FDIs has a negative moderating impact on the relationship between FDI and firm growth and profitability.     

全球国际直接投资发展的态势、动因与影响

文章从总体态势、地域分布、国家层次、投资方式、产业高度等方面分析了20世纪70年代以来国际直接投资发展的主要特征,并从制度、技术、政策等方面探讨了推动这种态势形成的基本动因,总结了世界FDI发展对全球国际生产、贸易、分工格局的主要影响.     

Is there really a foreign ownership wage premium? Evidence from matched employer-employee data

Numerous studies on firm-level data have reported higher average wages in foreign-owned firms than in domestically owned firms. This, however, does not necessarily imply that the individual worker's wage increase with foreign ownership. Using detailed matched employer-employee data on the entire Swedish private sector, we examine the effect of foreign ownership on individual wages, controlling for individual and firm heterogeneity as well as for possible selection bias in foreign acquisitions. We distinguish between foreign greenfields and takeovers and compare foreign-owned firms with both domestic multinationals and local firms. Our results show a considerably smaller wage premium in foreign-owned firms than what has been found in studies conducted at a more aggregate level. Moreover, foreign takeovers of Swedish firms tend to have no or even a negative effect on wages.     

Privatization and foreign competition

This paper determines the equilibrium market structure in an international oligopoly, where a state enterprise is sold at an auction. The paper suggests that high greenfield costs and high trade costs do not necessarily induce foreign acquisitions in privatizations, despite the fact that foreign firms would gain considerably from acquiring in such situations. The reason is that domestic firms can then prevent foreign firms from becoming strong local competitors and thus, their willingness to pay for the state assets is high.     

入世后宁波利用外资的特征、绩效及发展对策

入世以来宁波在外资利用方面呈现出了总量增加、投资来源地多样化、投资行业渐趋合理等特点,同时也暴露出了大项目数量少、产业集聚效应不强、辐射力差、总体质量偏低、结构不合理等弱点。为此,本论文提出了相应的对策与建议。     

外国直接投资技术溢出效应研究综述

本文系统梳理了20世纪60年代以来关于外国直接投资技术溢出效应问题的文献,通过对国内外相关文献的回顾,揭示了相关研究方法和主要观点,具有一定理论价值与现实意义。     

外国直接投资与我国对外贸易的实证研究

目前关于外国直接投资(FDI)与一国出口贸易间关系的研究已由最初的定性向定量发展,但多数定量分析集中在直接投资与出口的相关因果关系上。本文则利用我国改革开放以来到加入世贸组织之前的数据,对FDI与我国的出口规模、出口产品结构、出口产品竞争力等进行相关性分析。     

外国直接投资与环境保护的冲突与融合——兼论我国如何平衡FDI与环境保护的关系

本文首先对外国直接投资与环境保护的关系进行了分析,发现二者事实上是一个矛盾的统一体。在一个国家或地区的不同发展阶段,外国直接投资与环境保护可能存在相互的负面影响,也可能存在相互的正面影响。之后分别从理论和实践两个方面对如何平衡二者的关系提出了一些看法。     

跨国公司对江浙两地工业企业增加值率影响的分析

国内较多的跨国公司技术溢出实证分析认为,跨国公司对本地企业存在正面的溢出效应。文章从行业增加值率的角度,研究跨国公司对我国浙江和江苏两省企业是否也存在积极的作用。研究结果表明,近年来江浙两地外商直接投资的流入并不能有效促进江浙内资企业工业增加值率的提升。当前跨国公司的技术溢出具有量的积极效果和质的负面影响,提高利用外资质量要考虑外资对本地企业技术进步和效益的影响,从有利于本地企业价值链延伸和品牌建设等无形资产提升的角度,调整利用外资的政策和选择外资项目的引进。