CAJ | 학술논문

本文改变了以往对于企业对外投资采用成因动机和模式选择（跨国并购和绿地投资）等宏观层面的研究思路，而试图从行业的微观分析层面入手，对电力行业中的输电绿地项目投资特点进行研究，分析输电项目类别和发展趋势对投资机会的影响。研究发现：输电绿地投资根据不同国别和地区、开发用途和开发方式，具有不同的投资机会；在项目投资决策前期、建设期和运营期有不同风险。因而中国电力企业开展海外输电绿地项目开发也应采取不同策略。
본문개변료이왕대우기업대외투자채용성인동궤화모식선택（과국병구화록지투자）등굉관층면적연구사로，이시도종행업적미관분석층면입수，대전역행업중적수전록지항목투자특점진행연구，분석수전항목유별화발전추세대투자궤회적영향。연구발현：수전록지투자근거불동국별화지구、개발용도화개발방식，구유불동적투자궤회；재항목투자결책전기、건설기화운영기유불동풍험。인이중국전력기업개전해외수전록지항목개발야응채취불동책략。
With regard to OFDI （outward foreign direct investment）, previous studies usually focus on macro-level research approaches, such as motivations, pattern selection （International M~A and Greenfield Investment） etc. This paper tries to adopt a micro-level approach, specifically to focus on the investment characteristics in power transmission sector and analyze the impact of classifications and development tendencies for projects, This study shows that it exists different investment opportunities when transmission project is classified by different countries and regions, purposes and development mode. Meanwhile, it will have different risks during development decision making phase, construction phase and operation phase. Therefore, Investing In overseas Chinese power enterprises should adopt different strategies when transmission Greenfield projects.