所有制差异与企业对外直接投资动机及区位选择研究
Ownership differences and the motives and location choices of OFDI in Enterprises
本文基于所有制视角,利用2003-2009年中国企业对外直接投资数据,采用Logit模型实证检验了所有制差异对中国企业对外直接投资动机及区位选择的影响。实证结果表明:国有企业因国家战略和融资便利影响,投资动机为资源开采型;民营企业在国内产能过剩与融资约束双重压力下,倾向商贸服务型投资。将东道国按HDI指数水平划分为高、中等、低发展国家后发现,低发展国家的高自然资源储备量对国有企业产生了巨大吸引力;低市场竞争与低进入门槛使民营企业倾向于向中等发展国家进行商贸服务型投资;外资企业则显著不倾向投资于中等发展国家。
Based on the perspective of ownership and using the data of 2003-2009 years\' foreign direct investment in Chinese enterprises, this paper empirically examines the impact of ownership difference on the motivation of foreign direct investment and location selection of Chinese enterprises by using the Logit model. The empirical results show that the state-owned enterprises, due to the influence of national strategy and financing convenience, investment motivation is resource mining; under the dual pressure of domestic capacity overcapacity and financing constraints, private enterprises tend to trade service type investment. After the host country is divided into high, medium and low developing countries according to the HDI index level, the Gao Ziran resource reserve of low developing countries has a great attraction to the state-owned enterprises. Low market competition and low entry threshold make the private enterprises more willing to invest in trade service in the middle development countries, and the foreign enterprises are not significant. It is inclined to invest in the middle developing countries.
刘路敏、刘辉煌
贸易经济世界经济经济计划、经济管理
国际贸易学对外直接投资企业所有制Logit模型
International tradeForeign direct investmentEnterprise ownershipLogit model.
刘路敏,刘辉煌.所有制差异与企业对外直接投资动机及区位选择研究[EB/OL].(2018-05-10)[2025-08-21].http://www.paper.edu.cn/releasepaper/content/201805-60.点此复制
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