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余淼杰教授指导的博士生袁东合作论文被国际商务学重要期刊International Business Review接受
发布日期:2017-03-10 11:34 来源:北京大学国家发展研究院
近日,国家发展研究院余淼杰教授、12级博士生袁东同学和伦敦大学伯贝克学院的刘夏明教授、博士生李霖洁合作的论文“Does Outward FDI Generate Higher Productivity for Emerging Economy MNEs?-Micro-level Evidence from Chinese Manufacturing Firms”被国际商务学重要期刊International Business Review接受,即将发表。
论文简介:
This paper investigates whether emerging economy multinational enterprises (EMEs) that undertake outward foreign direct investment (OFDI) become more productive, controlling for the self-selection into the global investment market. Particularly, we focus on the moderating effects of firm heterogeneity on the OFDI-productivity nexus. A theoretical framework incorporating the resource-based views and institutional theory is established and the propensity-score matching and difference-in-difference (DID) approaches are combined to test the framework, utilizing unique data on Chinese manufacturing firms over the sample period 2002–2008. We find that EMEs turn to be generally more productive after they conduct OFDI, but this productivity effect varies depending on the parent firm and investment strategy heterogeneity. Our results suggest that EMEs without state ownership but with stronger absorptive capability gain higher and more sustainable productivity effects and such gains are higher for EMEs investing in OECD than in non-OECD countries. Policy and managerial implications are discussed.期刊介绍:《International Business Review》是由Elsevier出版社出版,致力于发表与国际商务、跨国公司相关的理论与实证文章,是国际商务学领域的重要期刊,为SSCI来源期刊。
论文下载 manuscript final
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