工业技术经济
工業技術經濟
공업기술경제
Industrial Technology & Economy
2014年
4期
90~97
,共null页
对外直接投资 技术禀赋 文化距离 负二项回归 调节作用
對外直接投資 技術稟賦 文化距離 負二項迴歸 調節作用
대외직접투자 기술품부 문화거리 부이항회귀 조절작용
outward foreign direct investment;technology endowment;cultural distance;negative binomial regression;moderat-ing effect
对外直接投资（OFDI ）是中国企业获取技术战略资产的重要方式。关于东道国技术禀赋对中国企业OFDI区位选择的影响，现有研究并没有取得一致的结论。本文利用企业层面投资项目数据，采用负二项回归模型考察了东道国技术禀赋与我国企业OFDI区位选择之间的关系以及文化距离对两者关系的调节作用。实证研究结果发现：东道国技术装备、创新能力以及专利等技术禀赋对我国企业OFDI有显著正向影响；但文化距离负向调节了技术装备、创新能力的正向影响。本文研究结论有助于解释现有研究结论的分歧，并对中国企业技术寻求型OFDI区位选择具有一定的借鉴意义。
對外直接投資（OFDI ）是中國企業穫取技術戰略資產的重要方式。關于東道國技術稟賦對中國企業OFDI區位選擇的影響，現有研究併沒有取得一緻的結論。本文利用企業層麵投資項目數據，採用負二項迴歸模型攷察瞭東道國技術稟賦與我國企業OFDI區位選擇之間的關繫以及文化距離對兩者關繫的調節作用。實證研究結果髮現：東道國技術裝備、創新能力以及專利等技術稟賦對我國企業OFDI有顯著正嚮影響；但文化距離負嚮調節瞭技術裝備、創新能力的正嚮影響。本文研究結論有助于解釋現有研究結論的分歧，併對中國企業技術尋求型OFDI區位選擇具有一定的藉鑒意義。
대외직접투자（OFDI ）시중국기업획취기술전략자산적중요방식。관우동도국기술품부대중국기업OFDI구위선택적영향，현유연구병몰유취득일치적결론。본문이용기업층면투자항목수거，채용부이항회귀모형고찰료동도국기술품부여아국기업OFDI구위선택지간적관계이급문화거리대량자관계적조절작용。실증연구결과발현：동도국기술장비、창신능력이급전리등기술품부대아국기업OFDI유현저정향영향；단문화거리부향조절료기술장비、창신능력적정향영향。본문연구결론유조우해석현유연구결론적분기，병대중국기업기술심구형OFDI구위선택구유일정적차감의의。
Outward foreign direct investment is important mode of acquiring strategic assets for Chinese firms . Whether host countries＆#39;technology endowment will influence location choice of Chinese OFDI , existing research hasn＆#39;t get universal results . Based on firm lever data of Chinese OFDI and Negative Binomial Model , this paper presents an empirical study revealing the influence of host countries＆#39;technology endowment on location choice of Chinese OFDI and the moderating effect of cultural distance . This paper find that host countries＆#39;technology endowment , such as technological readiness , innovation capabilities and number of patent has positive impacts on lo-cation choice of Chinese OFDI , but cultural distance has negative moderating effect on the relation between host countries＆#39;technological readiness , innovation capabilities and location choice of Chinese OFDI . The results help explain the puzzle concerning whether host countries＆#39;technology endowment will attract foreign entries by Chinese firms into a specific country . The results may have implications for practitioners and policymakers .
