跨国并购比较优势论与实证检验

跨国并购是跨国公司在全球范围内配置资源并完善生产体系的一种重要投资方式,以往有关跨国并购动因理论的研究忽视了在经济全球化背景下从国际贸易理论角度的研究。基于此,本文对比较优势理论对跨国并购活动的适用性通过模型进行论证,同时运用中国数据,借助巴拉萨显性比较优势指数进行实证检验,得出比较优势构成跨国并购的基础这一结论,进而从全球化的视角形成对跨国并购活动的客观认识和正确态度。最后根据跨国并购比较优势论的实际经济意义,提出中国对待外资并购的相关政策选择。

The Comparative Advantage Theory of Transnational Mergers and the Empirical Evidence

Transnational merger is the important mode of foreign direct investment,and the research on it neglected from the viewpoint of international trade theory under the background of globalization.On the basis of this,the thesis trys to prove the suitability of comparative advantage theory to transnational merger.The study points out that the traditional international trade theory can better explain the phenomenon of transnational merger.It testifies the conclusion that the comparative advantage is the fundamentals of transnational merger by using Chinese foreign trade data and Balasa RCA index.Finally,the thesis puts forward some advice of the policy for the transnational merger in China.