小步慢走还是大步快跑——行业经验对中国企业海外投资步伐的影响

发布时间：2018-07-02 13:32

本文选题：行业经验 + 海外投资步伐　；参考：《财贸经济》2016年10期

【摘要】：海外投资步伐选择是中国企业国际化进程中的一个关键性抉择。本文以2000-2010年中国的沪市上市公司为研究样本,分析了三种行业经验,即自身子公司行业经验、其他母公司行业经验和其他子公司行业经验对中国企业海外投资步伐的影响。研究结果表明:自身子公司行业经验对中国企业海外投资步伐有示范效应;其他母公司行业经验和其他子公司行业经验对中国企业海外投资步伐有竞争效应;并且,其他母公司行业经验和其他子公司行业经验的竞争效应对自身子公司行业经验的示范效应有负向的调节作用;此外,进一步的研究发现,企业控制中的母公司控制对自身子公司行业经验的示范效应有正向的调节作用;企业规模对自身子公司行业经验的示范效应有负向的调节作用。最后,关于行业划分的研究还发现,对于制造业和服务业而言,行业经验对中国企业海外投资步伐的影响存在差异。上述发现对于今后中国企业的海外投资步伐选择有着重要的启示和意义。
[Abstract]:The choice of overseas investment is a key choice in the process of internationalization of Chinese enterprises. Based on the sample of listed companies in Shanghai Stock Exchange of China from 2000 to 2010, this paper analyzes the influence of three kinds of industry experience on the overseas investment of Chinese enterprises, that is, their own subsidiary industry experience, other parent company industry experience and other subsidiary company industry experience. The results show that: the industry experience of its subsidiaries has a demonstration effect on the overseas investment of Chinese enterprises; the industry experience of other parent companies and other subsidiary companies have a competitive effect on the overseas investment of Chinese enterprises; and, The competition effect of industry experience of other parent companies and other subsidiary companies has a negative effect on the demonstration effect of their own subsidiary industry experience. In addition, further studies have found that, The parent company control in the enterprise control has the positive adjustment function to the demonstration effect of its subsidiary company's industry experience, and the enterprise scale has the negative adjustment function to its subsidiary company's industry experience demonstration effect. Finally, the research on the division of industries also found that for manufacturing and service industries, the impact of industry experience on the pace of overseas investment of Chinese enterprises is different. The above findings have important implications for the choice of overseas investment of Chinese enterprises in the future.
【作者单位】：东南大学经济管理学院;南京财经大学工商管理学院;
【基金】：国家自然科学基金项目“重构国际化进程模型:从开发性学习到探索性学习”(71272240);国家自然科学基金项目“企业内正式与非正式网络互动及其对组织适应性影响和权变机理研究:CAS视角的分析”(71472036) 江苏省普通高校研究生科研创新计划项目“重构企业正式和非正式网络一致性:基于CAS视角的分析”(KYZZ16_0141)
【分类号】：F279.2;F125.4

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