Does technology-seeking OFDI improve the productivity of Chinese firms under the COVID-19 pandemic? |
| |
Institution: | 1. School of Business, Nanjing University, Nanjing 210093, China;2. School of Industrial Development, Nanjing University of Finance & Economics, Nanjing 210003, China;1. School of Business, Nanjing University, Nanjing 210093, China;2. School of Industrial Development, Nanjing University of Finance & Economics, Nanjing 210003, China |
| |
Abstract: | This paper empirically investigates the impact of technology-seeking outward foreign direct investment (OFDI) on firms' productivity under the influence of negative external shocks, taking as a sample the investment data of Chinese firms before and during COVID-19. The results show that technology-seeking OFDI improves productivity, but not under negative external shocks. The dampening effect of such shocks is more significant when the host country is a developed country and in firms with multiple branches. Technology-seeking OFDI particularly improves the productivity of research and development and processing firms, and (among the productivity measures tested) most prominently affects total factor productivity. |
| |
Keywords: | |
本文献已被 ScienceDirect 等数据库收录! |
|