The Impact Of Chinese Enterprises'Foreign Direct Investment On Enterprise Technology Innovation

Since China implemented reform and opening up,China has become the main target of developed countries for foreign direct investment.Therefore,from the perspective of capital flows,China is a net impodevelopment of China's economy,the degree of internationalization has become rter of capital.With the rapid larger and larger.For the time being,the foreign direct investment of Chinese enterprises is developing at a high level.Not only is the amount of foreign investment growing,but the number and scale of multinational corporations are also increasing.As a result,many problems have been urgently needed to be explored and resolved.For example,how can Chinese enterprises improve their performance in foreign direct investment,and how the impact on the parent company?Based on the above background,this paper takes the influence of Chinese enterprises' direct foreign investment on their own technological innovation as the research direction,and hopes to obtain concrete results through empirical research.Firstly,the research background and significance of the problem are briefly introduced,and the related concepts are defined.Then,by reading and researching relevant literatures at home and abroad,this paper reviews the related research conclusions from the two aspects of the reverse technology spillover effect of foreign direct investment and the impact of foreign direct investment on enterprise innovation activities.Then it introduces the foreign direct investment theory of developed countries and developing countries from two aspects,and outlines the micro-impact path of foreign direct investment to the technological innovation of home country enterprises from four aspects,and introduces China's direct foreign direct The status quo of investment and the new trends presented and the analysis of the status quo of corporate innovation activities in China.Finally,in the empirical stage,the data of 2010-2016 Chinese listed companies and the Ministry of Commerce's"Overseas Investment Enterprises(Institutions)Directory"were used.The trend-based matching score model was used to estimate the impact of foreign direct investment on Chinese enterprises'technological innovation.The results show that the technological innovation ability of foreign direct investment enterprises is stronger than that of enterprises that have not made direct foreign investment,indicating that foreign direct investment and Chinese enterprises have positive causal effects on technological innovation capabilities,and foreign direct investment has positive effects on technological innovation capabilities of enterprises.Further promotion,after taking the lead period of the explanatory variables,it is found that the positive impact of OFDI on the technological innovation capability of enterprises is not only short-acting but continuous;and after using PSM The regression of the sample also obtained the conclusion that the foreign direct investment has a positive impact on the technological innovation capability of the enterprise.On the other hand,in order to study the impact of different ownership systems on innovation efficiency,the sample is divided into state-owned enterprises and non-state-owned enterprises.The results show that the effect of foreign direct investment on state-owned enterprises'technological innovation ability is greater than that of private enterprises.Finally,based on the above research conclusions,the corresponding recommendations are made at the government and enterprise levels.