【摘要】：東道國政策風險與跨國企業(yè)對外直接投資績效之間的關系一直是學術界與實務界關注的焦點。基于制度理論的能動性視角,以中國滬深A股上市公司在2004-2013年投資建立的海外子公司為樣本進行實證檢驗,系統(tǒng)分析東道國政策風險對中國企業(yè)對外直接投資績效的影響,同時探討所有權性質(zhì)與東道國經(jīng)驗對政策風險與對外直接投資績效之間關系的調(diào)節(jié)作用。結果表明,東道國政策風險與中國企業(yè)對外直接投資績效之間具有顯著的正相關關系;中國企業(yè)的東道國經(jīng)驗對政策風險與對外直接投資績效之間的關系存在正向調(diào)節(jié)作用;中國企業(yè)所有權性質(zhì)的調(diào)節(jié)作用沒有通過驗證。結論深化和豐富了東道國政策風險與中國企業(yè)對外直接投資績效之間關系的理論研究,同時也為中國企業(yè)如何在政策風險高的東道國獲得高對外直接投資績效提供了一定的實踐指導,中國企業(yè)應該使得政治戰(zhàn)略與市場戰(zhàn)略協(xié)同配合共同發(fā)展。
[Abstract]:The relationship between host country policy risk and FDI performance of multinational enterprises has always been the focus of academic and practical circles. Based on the dynamic perspective of institutional theory and taking the overseas subsidiaries of Shanghai and Shenzhen A-share listed companies in China from 2004 to 2013 as samples, this paper systematically analyzes the influence of host country policy risk on the performance of Chinese enterprises' foreign direct investment (FDI). At the same time, it discusses the moderating effect of ownership nature and host country experience on the relationship between policy risk and FDI performance. The results show that there is a significant positive correlation between the policy risk of the host country and the foreign direct investment performance of Chinese enterprises, and the experience of the host country of the Chinese enterprises has a positive regulating effect on the relationship between the policy risk and the performance of the foreign direct investment. The regulatory role of the ownership nature of Chinese enterprises has not been verified. Conclusion it deepens and enriches the theoretical research on the relationship between the policy risk of host country and the foreign direct investment performance of Chinese enterprises. At the same time, it also provides some practical guidance for Chinese enterprises to obtain high FDI performance in the host country with high policy risk. Chinese enterprises should make the political strategy and market strategy cooperate and develop together.
【作者單位】： 東北大學工商管理學院;
【基金】：國家社會科學基金重點項目“組織身份變革及意義給賦:克服外來者劣勢的動態(tài)機制研究”(批準號:15AGL006,項目負責人:杜曉君)
【分類號】：F125;F279.2

【相似文獻】

相關期刊論文 前1條

1 陶海英;劉森;;政策風險陰霾[J];中國外匯;2012年06期

相關重要報紙文章 前4條

1 記者 孫紅娟;夏樂：須防政策風險傷害經(jīng)濟[N];第一財經(jīng)日報;2014年

2 招商證券研究發(fā)展中心 謝亞軒　孫彬彬;防范潛在增速下降的政策風險[N];中國證券報;2011年

3 本報實習生 傅盛�！”緢笥浾� 陸綺雯;規(guī)避政策風險,謀求區(qū)域繁榮[N];解放日報;2011年

4 馮彬;企業(yè)資產(chǎn)重組的風險及其防范[N];中國經(jīng)濟時報;2003年

，

本文編號：2274149