探究中国对外直接投资演变与发展

《探究中国对外直接投资演变与发展》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、万方数据thedetailsshowedinfollowingtable．While(RajahRasiah2010)addedvaluechain，controlseeking，financialincentiveseekingandtechnologyseekingregardingtoTNCsfromemergingmarket，somescholars(Blonigen2005)usedfirm-specificfactorandextemalfactorasdifferentlayersofdiscu

2、ssion，whereexchangerate，taxes，tradeprotectionandtradeflowareallconsideredasexternalfactors．Dunning’SpaperprovidesfollowresearchemwithamodelofFDIdrivers：Market-seeking，whichmeanstoexploredemandofmarketsofforeigncountriesandtobetterunderstandmarket，inaddition，

3、italsoservesasaneasieraccesstoneighborcountriesinthatregion；Efficiency-seeking，mainlytotakeadvantageoflowlaborcostorincreasespecializationinforeigncountries，inordertosaveproductioncosttoincreaseefficiency；Resource—seeking。tobetterutilizeresourcesinhostcountr

4、y,especiallyprimaryproductionmateriaIlikenatureresources；AnewelementisaddedasstrategicAsset-seeking，pioneertechnology，likeR&Dcenterindevelopedcountries(Dunning2000)．CountriesatdifferentstageofdevelopmenthavedifferentmaindriverstoencouragetheirOFDI，however，th

5、edriverscanhardlybeconsideredastotallyindependent．Sometimes，inordertoseekonepurpose，thecompanyalsoneedtomakesacrificeonanotherone．InsettingofChina。aIotoftheoriesneedtobere-evaluatedunderitsuniquecharacteristic．Forexample，somescholaranalyzesdriveroflocationch

6、oicebehinddifferentownership：SOEsandprivatelyownedenterprises，inwhichbehaviorofSOEscanhardlyexplainedbyexistingtheory(Ramasamy，Yeungeta1．2012)．2．2Cross．borderM＆AResearchM&AisafrequentlyimplementedFDIformat，andithasbeenaneffectivemethodforfirmstoachievequickd

7、iversificationstrategy．Cross·borderM&A，wherebidderandtargetcompanyarefromadifferentcountries，makesItalsoasolutiontoachievequickinternationalizationstrategyaswell．Thereisanincreasingpopularityofadoptingcross—borderM&Astoenhanceinternationalcompetitionandprogr

8、ess(Shimizu，Hitteta1．2004)．Thecasestudyinlaterpartwillputmorefocusoncross-borclerM＆A，foritismorecomplexthanGreenfieldinvestment，forexample，LuomentionedthatM＆AiSmorelikelytohaveculturefdctionthan