从跨国并购谈我国利用外商直接投资问题

一般来说，企业对外直接投资不外乎两种方式：一是新建投资，也称为绿地投资，即在东道国建立一个新的企业，或独资或合资；另一种跨国并购，即通过跨国收购或兼并方式来控制东道国的企业。     

跨国并购--中国对外直接投资新的实现途径

跨国公司对外直接投资有两条途径：新设投资和跨国并购。跨国并购已经在全球国际直接投资中占主导地位。在我国加入WTO后跨国并购在我国的发展是必要的，结合我国目前利用外资的现状，可以看出我国利用跨国并购具有可行性。     

跨国公司在华并购产生的不利影响及我国对策

跨国并购是经济全球化的重要特征,是科学技术、生产力发展的结果,有着不可逆转的趋势。而外资在华并购会在近几年内取代绿地投资,成为我国引进外商直接投资的主要方式是不争的事实。跨国并购是一把双刃剑,它既能推动我国改革开放、社会主义建设,也会造成国有资产流失、民族品牌     

知识经济下的外商对华直接投资

一、知识经济与国际直接投资世界银行１９９５年的一项调查显示，在１９２个国家的国民财富中，１６％是通过实物资本，２０％是通过原料，６４％是通过“人力资本”创造的。“人力资本”的内涵主要是人类的智慧和聪明，表现为知识。可见，世界经济正逐步进入以知识为基础的时代，即知识经济时代。从工业经济转入知识经济，各国的发展程度不尽相同。美国等西方发达国家已基本完成了这种转变，在美国，科技在经济增长中的贡献率超过了８０％，高新技术产业的产值占到GDP的３０％以上，高新技术领域的就业人数（９１０万）远超过传统的汽车…     

跨国并购对我国经济的影响及对策

90年代以来，跨国公司加大了对我国企业的并购活动。如同FDI一样，跨国并购带给我国经济双重效应。我们应该辩证地分析跨国并购，并采取切实有效的对策。     

跨国并购在中国的发展问题研究

跨国并购是指企业、金融机构等投资主体出于某种目的，通过一定渠道和支付手段，依法取得外国企业部分或全部的股份或资产，从而对其经营管理实施实际的或完全的控制活动。本文从阐述跨国并购在中国发展的现状着手，分析了在我国的跨国并购所存在的问题，并从宏观和微观角度提出了建设性对策。     

浅析外商在华直接投资发展特征

在国际资本流动日益活跃的情况下,我国利用外商直接投资状况在改革开放过程中发生了巨大变化,本文从来源地、投资方式、产业选择和地区分布四个层面分析外商在华直接投资特征,对于指导我国企业实践具有十分重要的借鉴意义。     

外商对华投资的趋势与在华投资机会

未来几年,我国国内影响外商对华投资趋势和外商在华投资机会的主要因素的：加入ＷＴＯ谈判中我国的有关承诺;未来我国经济增长速度和结构调整的方向;今后国有企业改革的速度和方向。本文通过对上述因素的剖析,分析外商对华投资趋势和投资机会的变化,并对近期外商在华投资状况进行预测和提出政策建议。     

外商投资对江西省经济增长贡献研究

文章运用灰色关联模型,对江西省2001—2010年外商投资与经济增长的关系进行了实证研究。研究表明:外商投资带来的产业转移与江西省经济发展的水平具有密切的关系,产业转移不断推进有力的促进了江西省经济的发展。文章最后还提出了相关的政策建议。     

中国企业海外并购的政策性因素分析

伴随着中国经济持续稳定的高速发展,中国企业的海外投资欲望日趋强烈,2002-2007年,我国对外直接投资从25亿美元上升到187.6亿美元,增长了近7倍,排名也从世界第26位上升到第13位,居发展中国家首位.投资方式也呈现明显的跨国并购倾向,1988-1996年,中国企业海外跨国并购金额年均仅有2.6l亿美元,但到2006年已达到47.4亿美元,21307年更是突发猛进到168亿美元,分别占同期对外直接投资总量的36.7%和89.6%.     

Foreign investment impact and incentive: a strategic approach to the relationship between the objectives of foreign investment policy and their promotion

This paper offers hypotheses and tests empirically the relationship between the objectives of foreign direct investment (FDI) policy and it results (i.e. the various types of impact of FDI and investment incentives) within a strategic fit concept. In the process, this paper demonstrates a strong correlation between specific objectives and particular incentives. Specifically, it points to a strong correlation between, on the one hand, the advancement of industrial structure and fiscal incentives and on the other, between regional expansion/development and financial incentives. The results point out how a host government should establish a coherent investment incentive system matching specific objectives of FDI policy.     

On the optimal acquisition of foreign capital through investment of oil export revenues

The subject of the paper is the optimal policy for a national monopoly to follow when the product exported is an essential input for production in the importing country and the exporter wishes to invest the proceeds in the purchase of claims on the capital stock of the importer. A number of alternative optimal solutions are compared with the conventional monopoly solution. The focus is on the deviations from this solution that are induced by the actual or desired ownership of capital in the importing country by the exporter.     

Impact of cultural trade on foreign direct investment: Evidence from China

Value of cultural goods varies across consumers with different backgrounds. Exchange of cultural goods may lead to better mutual understand and trust, which helps mitigate the entry obstacles in the investment targets. This paper studies how cultural trade affects Chinese firms' outbound foreign direct investment (OFDI). We find that both likelihood and total volume that a firm invests in a foreign country increase with the amount of bilateral cultural trade. We further show that cultural trade boosts the success rate of OFDI projects. These effects are intensified in targets with weaker institutional quality or a great cultural distance to China.     

我国企业并购面临的问题及对策

近年来,我国市场环境的优化及国家相关政策的支持,推动了并购市场的快速发展,企业的并购日益活跃。在新经济常态下,并购可以提高企业经济效益。但是目前大多数企业并购仍面临很多问题,一定程度上影响了企业的并购绩效及长远发展。本文结合我国并购实践,深入研究了现阶段我国企业并购面临的问题,并提出了相应的对策建议。     

外资视角下我国产业结构的优化分析

我国的产业结构分为三个.目前我国的产业结构主要是以第一产业和第二产业为主,第三产业为辅.但是随着改革开放和中国加入WTO,面对外国资金的涌入,我国的产业结构迫切需要做出调整,才能在新形势下继续保持本国经济的高速发展.本文主要通过我国产业结构的发展历程来说明目前产业结构的优化策略.     

论中国招商引资过程中政府决策的合理性

Based on consumer and manufacturer behaviors, this research describes local governments’ unique role in the process of “attracting foreign direct investment (FDI)”. Drawing from a sample of 28 provinces plus four cities throughout China from 1998 to 2004, we construct an econometric model in this paper to analyze the common factors that influenced the result of “attracting FDI”. The main finding of this paper is that in the process of “attracting FDI”, local governments play a decisive role, which puts consumer surplus, producer surplus and the other social welfare into a basket to construct its plan for “attracting FDI”. The common factors which influence the result of “attracting FDI” are local costs, the number of foreign-invested company, the market share of local companies, and the market share of foreign-invested companies. Translate from Caimao Jingji 财贸经济 (Finance & Trade Economics), 2005, (12): 70–75     

我国吸引外国直接投资税收激励政策效应分析

自从改革开放以来，我国逐步吸引外国投资，相继推出了很多支持政策，尤其在税收激励政策方面，更成为吸引外资的主要手段。众所周知，在投资环境中，法律环境起着至关重要的作用，外国投资对东道国进行投资决策前，是非常关心对东道国法律环境的评估的。从我国的情况来说，税收激励政策的运用的确对招商引资起到了一定的积极作用，但     

The impact of foreign ownership,local ownership and industry characteristics on spillover benefits from foreign direct investment in China

This paper finds that significant variation in FDI spillover effects on local industry is obscured through the aggregation common in most studies. Breaking Chinese industrial data for 2001 down by category of ownership of foreign investor, local firm, and by host industry, we find evidence of greater positive spillovers from FDI in technology-intensive industries than in labour-intensive industries. We also find that overseas Chinese affiliates from Hong Kong, Macau and Taiwan (HMT) generate spillovers to locally owned enterprises (LOEs) in labour-intensive industries, in contrast to western affiliates, which positively impact on the performance of LOEs in technology-intensive industries. Chinese state-owned enterprises (SOEs) benefit from the presence of both HMT affiliates in labour-intensive industries and of western affiliates in technology-intensive industries. Other LOEs (OLOEs), however, benefit only from HMT affiliates’ presence in labour-intensive industries. These findings offer some support to host government policies offering generous incentive packages to attract foreign investors in high-technology industries. We find that some aspects of China's status as a transition economy—for example the considerable resources and effective control deployed by the state and SOEs—has helped its development process; however we argue that it is possible for non-transition developing economies to implement similar policies.