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The Impact Of Chinese Enterprises' OFDI On Technological Innovation Of Enterprises

Posted on:2020-04-12Degree:MasterType:Thesis
Country:ChinaCandidate:Y Q QuFull Text:PDF
GTID:2439330590493144Subject:International Business
Abstract/Summary:PDF Full Text Request
The deepening of reform and opening up and the implementation of the “going out” strategy have made China's OFDI start to take off and show a trend of rapid development.In 2015,China became the net exporter of capital for the first time.With the rapid development of China's OFDI,the effect of OFDI has become more and more concerned.Among them,the relationship between OFDI and domestic technological progress is a focus of research.However,few scholars have further studied the impact of OFDI on technological innovation in enterprises.Under the background of China's rapid development of OFDI and China's explicit proposal to build an innovative country,it is necessary to examine the impact of Chinese enterprises' OFDI on technological innovation of enterprises.Because only by strengthening corporate technological innovation,the country can become an innovative country.Based on this,this paper systematically studies the influence of Chinese enterprises OFDI on enterprise technology innovation based on the two perspectives of technological innovation output and input.This article is divided into six chapters.First,in the chapter of the introduction,the research background and significance,research methods and content,as well as innovation and deficiencies are described.The second chapter combs and summarizes the literature related to "OFDI and technological innovation".The third chapter mainly adopts the combination of theoretical review and transmission mechanism,and summarizes the micro-mechanism of Chinese enterprises' OFDI affecting enterprise technological innovation.The fourth chapter mainly analyzes the current situation of China's OFDI and China's innovation.The fifth chapter is an empirical analysis.This paper uses the panel data of OFDI of China's manufacturing listed companies during 2010-2014,adopts PSM-DID method,based on the perspective of innovation input and output,and considers that technology-seeking OFDI mainly occurs in developing countries investing in developed countries.This paper conducts an empirical test on OFDI's manufacturing listed companies and manufacturing listed companies that invest in high-income countries.The purpose is to examine the relationship between Chinese companies' OFDI and technological innovation.The sixth chapter proposes policy recommendations from the national and enterprise levels.This paper mainly draws the following conclusions:(1)The OFDI of Chinese enterprises has no impact on R&D expenditure of enterprises,which indicates that R&D expenditure may not be a good proxy variable for technological innovation of enterprises.(2)The OFDI of Chinese enterprises can significantly promote the level of technological innovation output characterized by patent grants,especially in the field of original innovation.This shows that while the Chinese enterprise OFDI promotes the expansion of technological innovation output of enterprises,it also promotes the improvement of the quality of technological innovation of enterprises.(3)Chinese companies invest in developed countries,and more are aimed at technology seeking.At the same time,Chinese companies' investment in developed countries has a positive impact on corporate technological innovation,and is more prominent in the field of original research.Innovations in this article: First,the topic selection is relatively innovative.This paper systematically evaluates the impact of Chinese enterprises OFDI on enterprise technology innovation from a micro level.Second,the research perspective is relatively innovative.This paper measures enterprise technology innovation from two dimensions of technological innovation input and output.At the same time,this paper especially examines the impact of Chinese enterprises OFDI on corporate invention patents.In addition,this paper screens out the samples of investment in high-income countries and conducts regression analysis again.Third,research methods are relatively innovative.This paper adopts the PSM-DID method,which can solve the problem of selectivity deviation and mixture deviation.Fourth,the data usage method is relatively innovative.The shortcomings of this article: First,this article does not include all listed companies in the sample for investigation,nor can it study the impact of OFDI in different industries on technological innovation of enterprises;Second,it is still necessary to conduct in-depth research on which form Chinese enterprises should adopt in OFDI in order to better promote technological innovation in enterprises.Third,this paper fails to compare the impact of international technology spillover channels such as FDI,OFDI,import and export trade on enterprise technology innovation in the same analytical framework;Fourth,this paper fails to conduct an empirical study on the differences in the distribution of OFDI in Chinese enterprises.
Keywords/Search Tags:OFDI, Enterprise Technological Innovation, PSM-DID, Reverse Technology Spillovers
PDF Full Text Request
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