CAJ | 학술논문

本文基于由《中国工业企业数据库》和《境外投资企业（机构）名录》合成的全新数据集，以制度经济学为理论基础，从微观企业层面实证分析了母国制度环境对中国OFDI的影响。研究结果表明：除企业的新产品研发能力、融资约束程度、出口强度、员工福利水平以及所有制类型等因素外，母国制度环境也是影响中国OFDI的重要因素。首先，中国OFDI对母国制度环境具有显著的依赖性，母国制度环境是促进中国OFDI迅速发展的主要因素之一；其次，国内地区间制度环境的差异是影响地区间OFDI差异的主要因素之一，东部地区的制度环境对OFDI的促进作用要明显高于中西部地区。
본문기우유《중국공업기업수거고》화《경외투자기업（궤구）명록》합성적전신수거집，이제도경제학위이론기출，종미관기업층면실증분석료모국제도배경대중국OFDI적영향。연구결과표명：제기업적신산품연발능력、융자약속정도、출구강도、원공복이수평이급소유제류형등인소외，모국제도배경야시영향중국OFDI적중요인소。수선，중국OFDI대모국제도배경구유현저적의뢰성，모국제도배경시촉진중국OFDI신속발전적주요인소지일；기차，국내지구간제도배경적차이시영향지구간OFDI차이적주요인소지일，동부지구적제도배경대OFDI적촉진작용요명현고우중서부지구。
Dwelling on the new combined data sets from the＂China Industrial Enterprise Database＂and＂List of Foreign Invested Enterprises （Institutions）＂ and theoretically based on institutional economics, this paper empirically demonstrates the influence of institutional Ihctors of home countries on China＇s OFDI from the perspective of micro-enterprises. The findings suggest that in addition to the enterprise＇s new product R＆D capabilities, financing constraints, export intensity, employee welfare and ownership types, the institutional environment of the home country is also an important factor influencing China＇s OFDI. More specifically, first, Chinese OPDI is significantly dependent on the institutional environment of the home country, which serves as a main factor to promote the rapid development of China＇s OFDI; secondly, the varied institutional environments of different regions within China are also one of the main factors affecting the variation of China＇s OFDI, with the effect of the institutional environment on OFDI more positive in eastern regions than in central and western regions.