东道国特征和ODI的区位选择：基于能力的视角

摘要/Abstract

摘要： 中国企业独特的ODI区位选择策略挑战了传统的跨国公司理论，深入分析中国跨国公司的能力性质及其对于ODI行为的影响机制有助于解释以往研究中存在的理论争议。本文以2014到2018年间A股上市公司中的制造企业为研究样本，基于能力的视角探讨中国企业ODI的区位选择机制。研究结果表明东道国的技术禀赋、制度质量对于ODI的区位选择具有显著的正向影响；企业的技术能力和制度邻近性在东道国特征对于ODI区位选择的影响关系中具有显著的调节作用；中国企业在发达国家和发展中国家ODI存在不同的区位选择机制，主要表现在企业特征的调节作用具有显著的差异。研究结果反应了东道国特征和中国企业海外投资策略的动态变化特征，有助于更加有效地解释中国企业ODI的区位选择机制。

Abstract: The unique strategy of Chinese enterprises’ ODI location choices challenges the traditional theory of multinational corporations，an in-depth analysis of the nature of Chinese MNCs’ capabilities and their impact on ODI will help to explain the theoretical controversy in previous studies. Using the A-share listed manufacturing enterprises during 2014 to 2018 as the research sample，this paper investigates the mechanism of Chinese enterprises’ ODI location choices based on a capability-based view. The results show that the host country's technological endowment and institutional quality have significant positive effects on the location choice of ODI，technological capability and institutional proximity affect the relationship between host country characteristics and ODI location choice. There are different location selection mechanisms for Chinese enterprises in ODI between developed and developing countries, which are mainly represented in the heterogeneous moderating effects of enterprise characteristics. The results reflect the dynamic changes of host countries’ characteristics and Chinese enterprises' ODI strategies and help to more effectively explain the Chinese enterprises' ODI location selection mechanism.

樊钱涛郭京京王艳. 东道国特征和ODI的区位选择：基于能力的视角[J]. 科学学研究, 2022, 40(3): 464-474.

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