(3.237.97.64) 您好!臺灣時間:2021/03/03 04:53
字體大小: 字級放大   字級縮小   預設字形  
回查詢結果

詳目顯示:::

我願授權國圖
: 
twitterline
研究生:廖紫伶
研究生(外文):Zih-lin Liao
論文名稱:中國大陸企業對外直接投資分析
論文名稱(外文):Analysis of Chinese outward foreign direct investment
指導教授:曹海濤曹海濤引用關係
指導教授(外文):Hai-tao Tsao
學位類別:碩士
校院名稱:亞洲大學
系所名稱:國際企業學系碩士班
學門:商業及管理學門
學類:企業管理學類
論文種類:學術論文
論文出版年:2008
畢業學年度:96
語文別:中文
論文頁數:83
中文關鍵詞:中國大陸企業對外直接投資不平衡理論
外文關鍵詞:Chinese MNEoutward FDIImbalance theory
相關次數:
  • 被引用被引用:0
  • 點閱點閱:136
  • 評分評分:系統版面圖檔系統版面圖檔系統版面圖檔系統版面圖檔系統版面圖檔
  • 下載下載:0
  • 收藏至我的研究室書目清單書目收藏:0
中國大陸向來是吸引最多海外直接投資(Foreign Direct Investment, FDI)的開發中國家,另一方面,1990年代中期以後,中國大陸企業之對外直接投資行為也越來越頻繁,已然成為開發中國家中最大的海外直接投資來源地,但比起前者,後者之研究才剛起步,且多集中於總體資料之分析。本研究之目的是為探討海外直接投資理論是否也能適用於中國大陸企業之海外直接投資行為。本研究透過305件中國大陸企業之對外直接投資之企業層級資料,所得之結果如下:(1)中央型國有企業投資產業主要集中於採礦業,因此其投資地區以能源密集之國家為主,除了非中央型國有企業前往投資的澳洲、北美以外,還包括風險程度較高的中東地區,故其投資行為具有強烈國家戰略考量。另外中央型國有企業之進入模式也符合Anderson & Gatignon (1986)之論點:當國家風險越大,且交易專用資產多時,企業偏好採取高度控制的進入模式。(2)非中央型國有企業與民營企業在海外直接投資行為上並無顯著差異,兩者投資產業均集中於製造業,又可分為勞力密集型產業、技術與知識密集型產業,前者以市場導向與效率導向為主要投資動機,符合Dunning(2000)之觀點,投資區位以東歐、亞洲、非洲、拉美等新興市場為主,偏好之進入模式為籌建新廠;後者以減少所有權劣勢(Ownership disadvantages)為主要目的,另外輔以改善來源國效應(country-of-origin and product image),符合Moon & Roehl (2000)之觀點,而其投資區位以歐洲、北美、日本、南韓等已開發國家為主,所偏好之進入模式為併購。最後本研究探討企業國有化程度與其對海外資產控制程度的關係,結果為企業國有化程度越高,企業會偏好持有較高的股權。
Most of Foreign Direct Investment (FDI) in developing countries was in China. On the other hand, FDI from China was a growing force in the world, China was already the first largest developing country to invest abroad. Contrast to Chinese inward FDI, the research on its outward FDI was fewer and focus on macroeconomic data. The purpose of this paper is to study the behavior of Chinese outward FDI. We find that central state-ownership enterprises (SOEs) prefer to invest mine industry and locate in mineral-rich country whether its risk is high or low. Central SOEs also prefer to higher degree of control as the proposition of Anderson & Gatignon (1986). The investing behavior of Non-central SOEs and private enterprises (PEs) are the same. They prefer to invest manufacture industry that divide into labor-intensive and technology-intensive. The motivation of labor-intensive manufacture industry is market-seeking and efficiency-seeking, they locate in emerging market and prefer to green field. In contrast, the motivation of technology-intensive manufacture industry is to balance its ownership disadvantages and improve its country-of-origin and product image, they locate in developed country and prefer to acquisition. We also find that the degree of nationalization have significant and positive effect on the degree of control on the foreign asset of investing firms.
第一章 緒論1
第二章 文獻回顧3
第一節 海外直接投資3
第二節 海外進入模式16
第三章 中國大陸之對外直接投資概述21
第一節 中國大陸之對外直接投資現狀22
第二節 中國大陸企業之對外直接投資歷程24
第三節 中國大陸之總體經濟環境27
第四節 中國大陸之對外直接投資特徵31
第四章 中國大陸與日韓之對外直接投資趨勢36
第一節 中日韓之對外直接投資比較(以區域劃分)38
第二節 中日韓之對外直接投資比較(以產業劃分)41
第三節 中日韓對東南亞之直接投資比較44
第五章 中國大陸企業之對外直接投資分析48
第一節 研究方法與樣本選擇48
第二節 中國大陸企業之對外直接投資分析49
第三節 中國大陸企業對東南亞之直接投資分析61
第六章 結論66
參考文獻69
A.中文
中國國務院國有資產監督管理委員會。中央企業名錄。擷取於2008年5月30日,自http://www.sasac.gov.cn/n1180/n1226/n2425/index.html,
中華人民共和國商務部。2003。2003年度中國對外直接投資統計公報。擷取於2008年1月30日,自http://www.mofcom.gov.cn/table/tjgb.pdf
中華人民共和國商務部。2004。2004年度中國對外直接投資統計公報。擷取於2008年1月30日,自http://hzs.mofcom.gov.cn/table/20040909.pdf
中華人民共和國商務部。2005。2005年度中國對外直接投資統計公報。擷取於2008年1月30日,自http://hzs.mofcom.gov.cn/accessory/200709/1190343657984.pdf
中華人民共和國商務部。2006。2006年度中國對外直接投資統計公報。擷取於2008年1月30日,自http://hzs.mofcom.gov.cn/accessory/200709/1190343657984.pdf
中華人民共和國國家統計局。1996-2006。年度數據。擷取於2008年5月29日,自http://www.stats.gov.cn/tjsj/ndsj
方曉霞。(2006)。中國企業國際化經營的現狀及發展趨勢。「上海行政學院學報」,第七卷第四期:63-73。
石建勛。(2004)。「突出重圍:中國企業跨國發展戰略與實例」。北京:中國經濟出版社。
曹海濤與葉日崧。(2008)。中國大陸企業海外直接投資之分析。「中國大陸研究」,第五十一卷第一期:31-65。
B.英文
Agarwal, S. & Ramaswami, S. N. (1992). Choice of foreign market entry mode: Impact of ownership, location and internalization factors, Journal of International Business Studies, 23(1): 1-27.
Alchian, A. A. & Demsetz, H. (1972). Production, information costs, and economic organization, The American Economic Review, 62(5): 777-795.
Anderson, E. & Gatignon H. (1986). Modes of foreign entry: A transaction cost analysis and propositions, Journal of International Business Studies, 17(3): 1-26.
Bain, J. S. (1956). Barriers to new competition, Cambridge: Harvard University Press.
Buckley, P. J. & Casson, M. C. (1976). The Future of the Multinational, Enterprise, Macmillan: London.
Cai, K.G., (1999). Outward foreign direct investment: A novel dimension of china’s integration into the regional and global economy, The China Quarterly, 856-880.
Caves, R. E., (1971). International Corporations: The Industrial Economics of Foreign Investment, Economica, 38(149): 1-27.
Chen, H., & Chen, T. J., (1998). Network linkages and location choice in foreign direct investment, Journal of International Business Studies, 29(3): 445-467.
Coase, R. H. (1937). The nature of the firm, Economica, 4(16): 386-405.
Dunning, J. H. & Rugman A. M. (1985). The influence of Hymer's dissertation on the theory of foreign direct investment, The American Economic Review, 75(2): 228-232.
Dunning, J. H. (1988). The eclectic paradigm of international production: A restatement and some possible extensions, Journal of International Business Studies, 19(1): 1-32.
Dunning, J. H. (1993). Multinational enterprises and the global economy, Harlow, Essex: Addison-Wesley Publication Company.
Dunning, J. H. (1995). Reappraising the eclectic paradigm in the age of alliance capitalism, Journal of International Business Studies, 26(3): 461-491.
Dunning, J. H. (2000). The eclectic paradigm as an envelope for economic and business theories of MNE activity, International Business Review, 9: 163–190.
Hong, E. & Sun, L., (2006). Dynamics of internationalization and outward investment: Chinese corporations’ strategies, The China Quarterly, 610-634.
Hymer, S. H. (1976). The international operations of national firms: A study of direct foreign investment (1960), Cambridge: MIT Press.
IMF. (1996-2006). World Economic Outlook Database. Retrieved June 30, 2007, from http://www.imf.org/external/pubs/ft/weo/2008/01/weodata/weoselgr.aspx
Johanson, J. & Mattson, L.G. (1986). International marketing and internationalization process: A network approach, Research in International Marketing, London: Vroom Helm.
Kogut, B. & Singh, H., (1988). The effect of national culture on the choice of entry mode, Journal of International Business Studies, 19(3): 411-432.
Kojima, K. (1973). A macroeconomic approach to foreign direct investment, Hitotsubashi Journal of Economics, 14(1): 1-21.
Kojima, K. (1978). Giant multinational corporations: Merits and defects, Hitotsubashi Journal of Economics, 18(2): 1-21.
Makino, S., et al. (2002). Asset-exploitation versus asset-seeking: Implications for location choice of foreign direct investment from newly industrialized economies, Journal of International Business Studies, 33(3): 403-421.
Moon, H. C. & Roehl T. W. (2000). Unconventional foreign direct investment and the imbalance theory, International Business Review, 10: 197–215.
Morck, R., et al. (2007). Perspectives on China's outward foreign direct investment.
Nohria, N., & Garcia-Pont, C., (1991). Global strategic linkages and industry structure, Strategic Management Journal, 12: 105-124.
OECD. (1983-2004). International direct investment statistics yearbook 1983-2004.
Rugman, A. M. (1981). Inside the multinationals: The economics of internal market, New York: Columbia University Press.
Teece, D. J. (1986). Transactions cost economics and the multinational enterprise, Journal of Economic Behavior and Organization, 7(1): 21-45
UNCTAD. (1995). World investment report 1995. Retrieved February 4, 2008, from http://www.unctad.org/en/docs/wir1995_en.pdf
UNCTAD. (1996). World investment report 1996. Retrieved February 4, 2008, from http://www.unctad.org/en/docs/wir1996_en.pdf
UNCTAD. (1997). World investment report 1997. Retrieved February 4, 2008, from http://www.unctad.org/en/docs/wir1997_en.pdf
UNCTAD. (1998). World investment report 1998. Retrieved February 4, 2008, from http://www.unctad.org/en/docs/wir1998_en.pdf
UNCTAD. (1999). World investment report 1999. Retrieved February 4, 2008, from http://www.unctad.org/en/docs/wir1999_en.pdf
UNCTAD. (2000). World investment report 2000. Retrieved February 4, 2008, from http://www.unctad.org/en/docs/wir2000_en.pdf
UNCTAD. (2001). World investment report 2001. Retrieved February 4, 2008, from http://www.unctad.org/en/docs/wir2001_en.pdf
UNCTAD. (2002). World investment report 2002. Retrieved February 4, 2008, from http://www.unctad.org/en/docs/wir2002_en.pdf
UNCTAD. (2003). World investment report 2003. Retrieved February 4, 2008, from http://www.unctad.org/en/docs/wir2003_en.pdf
UNCTAD. (2004). World investment report 2004. Retrieved February 4, 2008, from http://www.unctad.org/en/docs/wir2004_en.pdf
UNCTAD. (2005). World investment report 2005. Retrieved February 4, 2008, from http://www.unctad.org/en/docs/wir2005_en.pdf
UNCTAD. (2006). World investment report 2006. Retrieved February 4, 2008, from http://www.unctad.org/en/docs/wir2006_en.pdf
UNCTAD. (2007). World investment report 2007. Retrieved February 4, 2008, from http://www.unctad.org/en/docs/wir2007_en.pdf
UNCTAD. China: an emerging FDI outward investor. Retrieved February 4, 2007, from http://www.unctad.org/sections/dite_fdistat/docs/china_ebrief_en.pdf
Vernon, R., (1966). International investment and international trade in the product cycle, the Quarterly Journal of Economics, 80(2): 190-207.
Williamson, O. E. (1975). Markets and hierarchies: Analysis and antitrust implications: A study of the economics of internal organizations, New York: The Free Press.
Williamson, O. E. (1981). The modern corporation: Origins, evolution, attributes, Journal of Economic Literature, 19(4): 1537-1568.
Williamson, O. E. (1985). The economic institutions of capitalism, New York: The Free Press.
Williamson, O. E. (1991). Comparative economic organization: The analysis of discrete structural alternatives, Administrative Science Quarterly, 36(2): 269-296.
QRCODE
 
 
 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                               
第一頁 上一頁 下一頁 最後一頁 top
系統版面圖檔 系統版面圖檔