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Research On Performance Evaluation Index System Of Chinese Small-and Medium-sized Enterprise’s Foreign Direct Investment

Posted on:2015-04-11Degree:DoctorType:Dissertation
Country:ChinaCandidate:N WenFull Text:PDF
GTID:1109330467973691Subject:Business management
Abstract/Summary:PDF Full Text Request
Since financial and debt crisis happened in global, the global market demand reducein general, as well as all kinds of protectionist is arising to keep the national industriesdeveloping, so that our small and medium enterprises are facing unprecedentedcompetitive pressures or survival bottlenecks and Chinese Small and Medium SizedEnterprises need to find a new breakthrough in overseas markets. In recent years, a largenumber of enterprises in China begin to go abroad and more than90%foreign directinvestment projects are invested by SMEs. Now China’s SMEs "going out" has become atrend and tendency, but the information of SMEs’s foreign direct investment has not beenrecorded by a perfessional statistical data system, and few studies is applied to foreigndirect investment on SMEs, especially for the Foreign Direct Investment performanceEvaluation. In order to guide SME’s "going out", it is necessary to build an index systemfor SMEs to evaluate the performance of SME’s foreign direct investment.In this study, toward the particularity of foreign direct investment, apply the theoryfor the foreign direct investment and performance assessment in small and mediumenterprises, base on the analysis of the investment motivation, risk, and performanceassessment, adopt different methods such as literature review, factor analysis, expertevaluation and other methods, collecting and sorting and extraction SME FDIperformance indicators, selected foreign direct investment performance of SMEsconnected strong foreign direct investment characteristics for SMEs, or foreign directinvestment on China’s small and medium enterprises performance evaluation of generalapplicability but often ignored indicators, using SPSS19.0and LISREL8.8other analysissoftware, the use of project analysis, factor analysis and structural equation modeling andother methods to filter out foreign direct investment in SME specific indicators ofperformance evaluation, the initial construction to financial performance, non-financialperformance and risk prevention capability as an indicator of the SME FDI performanceevaluation system, then use the Analytic Hierarchy Process (AHP), Delphi expertevaluation method, fuzzy evaluation method and other methods to assess the ForeignDirect investment performance Evaluation the relative importance of the various indicators to determine the weight, and ultimately build a complete set of SME FDIperformance Evaluation System. Foreign direct investment in building SME performanceevaluation system, based on the analysis of the feasibility of the application of theindicator system proposed index system specific implementation plan, and index systemof representation industries and different types of motivation for enterprise applicationsthe explanation. Finally, the main conclusions can be summarized as below:(1) Construction of Index System for SMEs to comply with the particularity offoreign direct investment. During the foreign investment process of SMEs in China, themain type of investment, investment strategy selection, investment scale, investment risk,the investment industry and the industry distribution, investment location choice, abilityto invest in technology, investment and other business decisions and investment has itsown special characteristic comparing with the big scale enterprise, which also determinesthe specificity of SMEs in China ’s foreign direct investment in building performanceevaluation system.(2) To build a diversified SME FDI Performance Evaluation System. Foreign directinvestment in the SME performance evaluation indicators, should financial performance,non-financial performance and risk defense capabilities in three areas to establish acomprehensive index system; in the performance evaluation of the main aspects to becharacteristic for different industries, combined with SME foreign direct investmentparticularity, select a wide range of evaluation subject.(3) Clarify the influence of FDI motivation and risk to the performance evaluation.Diversity and complexity of SME FDI motivation determines the performance evaluationof foreign investment in complexity; meanwhile, its foreign direct investment in theprocess of SMEs is facing more risks and its weak risk-resisting ability of SMEs willgreatly affect investment performance evaluation.(4) Small and medium enterprises in different industries FDI focus on differentPerformance Evaluation. As different industries and wide product diversity of SMEsforeign direct investment, with a larger span and diversity, which also determines theperformance evaluation of SMEs in China’s foreign direct investment will be different,especially in the evaluation subject, evaluation period, specific indicators, indicatorweights, etc. Finally, according to SME FDI performance evaluation index system,countermeasures and suggestions is proposed to improve the performance of SMEs inChina’s foreign direct investment, also pointed out the shortcomings of this study andfuture research endeavors. From this study, the main innovations are: creat the index forFDI of SMEs in China and build a complete set of system for SME FDI PerformanceEvaluation; try to put the foreign direct investment risks defense capabilities into theperformance evaluation index system.Through this research, to build a complete set of performance evaluation indexsystem for SMEs in China ’s foreign direct investment, to solve the performanceevaluation of SMEs in China ’s foreign direct investment and it will help to guidecompanies on how to further enhance the level of foreign direct investment performance,improve the State support and promote the development of SMEs in foreign directinvestment, and promote the development of SMEs in China ’s foreign directinvestment.
Keywords/Search Tags:Chinese Small-and Medium-Sized Enterprises, Foreign Direct Investment, Performance Evaluation Index System
PDF Full Text Request
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