商业研究
商業研究
상업연구
Commercial Research
2015年
10期
102-109
,共8页
日本跨国企业%在华地区扩张%实物期权
日本跨國企業%在華地區擴張%實物期權
일본과국기업%재화지구확장%실물기권
Japan's multinational enterprises%regional expansion in China%real options
本文基于实物期权理论分析不确定性、 投资不可逆性、 新地区增长机会、 原投资地区与新投资地区之间的转换机会, 对日本跨国企业在华地区扩张行为的影响, 并探讨行业竞争程度对投资不可逆性、 新地区增长机会、 转换机会与日本跨国企业在华地区扩张行为之间关系的调节作用. 本文的结论有助于跨国企业理性地对待东道国市场的不确定性, 在东道国内部选择合理的扩张地点, 也对我国企业的国内多点布局和海外地区扩张具有借鉴意义.
本文基于實物期權理論分析不確定性、 投資不可逆性、 新地區增長機會、 原投資地區與新投資地區之間的轉換機會, 對日本跨國企業在華地區擴張行為的影響, 併探討行業競爭程度對投資不可逆性、 新地區增長機會、 轉換機會與日本跨國企業在華地區擴張行為之間關繫的調節作用. 本文的結論有助于跨國企業理性地對待東道國市場的不確定性, 在東道國內部選擇閤理的擴張地點, 也對我國企業的國內多點佈跼和海外地區擴張具有藉鑒意義.
본문기우실물기권이론분석불학정성、 투자불가역성、 신지구증장궤회、 원투자지구여신투자지구지간적전환궤회, 대일본과국기업재화지구확장행위적영향, 병탐토행업경쟁정도대투자불가역성、 신지구증장궤회、 전환궤회여일본과국기업재화지구확장행위지간관계적조절작용. 본문적결론유조우과국기업이성지대대동도국시장적불학정성, 재동도국내부선택합리적확장지점, 야대아국기업적국내다점포국화해외지구확장구유차감의의.
The focal paper analyzes the effects of uncertainty, irreversibility of investment, growth opportunities of new regions, and the switch opportunities between the original and new regions on the regional expansions of Japan's multina-tional enterprises in China based on real options theory, meanwhile, it explores the moderating effects of industry compe-tition on the relationships of irreversibility of investment, new region-growth opportunities, the switch opportunities be-tween the original and new regions and the regional expansions of Japan's multinational enterprises in China. Results of the paper not only are conducive for multinational enterprises to rationally treat uncertainty and choose the suitable regions to expand in host countries, but also are significant for enterprises' multi-region configurations in home country and their regional expansions overseas.
