中国跨国并购影响因素的实证分析

内容简介

伴随着发展中国家对外直接投资(OFDI)的迅猛发展,国内外学界掀起了研究发展中国家OFDI的热潮。目前中国已成为全球第二大对外并购国,跨国并购是中国企业OFDI的主要方式,现有多数文献未明确区分OFDI同模式,而跨国并购与绿地投资存在系统性差异,因此有必要单独对其进行系统研究。本书将中国企业作为研究样本,基于资源基础观、行业基础观和制度基础观,分别考察了企业异质性、行业技术创新和东道国制度质量对跨国并购的影响。

Along with the rapid development of outward foreign direct investment (OFDI) from developing countries, domestic and foreign academics have set off a wave of research on OFDI from developing countries. At present, China has become the world's second largest foreign merger and acquisition (M&A) country, and cross-border M&A is the main mode of OFDI for Chinese enterprises. Most of the existing literature does not clearly distinguish OFDI from the other modes, and cross-border M&A is systematically different from greenfield investment, so it is necessary to carry out a separate systematic research on it. This book takes Chinese enterprises as a research sample, and based on the resource-based view, industry-based view and institutional-based view, examines the effects of enterprise heterogeneity, industry technological innovation and host country institutional quality on cross-border M&A respectively.

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