中国企业对外直接投资与企业生产能力

Foreign Direct Investment of Chinese Enterprises and Their Production Capacity

摘要:

随着中国企业对外直接投资规模的日益扩大,企业对外直接投资对企业生产能力的影响问题成为了学者们研究的重点议题。本文基于2013-2018年的企业对外直接投资数据,使用倾向得分匹配法系统研究对外直接投资活动对中国企业生产能力的作用结果。研究发现：对外直接投资活动与企业生产能力之间存在着显著的因果关系。不论是从短期还是长期来看,对外直接投资活动都会对企业的生产能力产生正向推动作用,同时这种推动作用还会随着时间的推移而不断提高。另外,本文还将对外直接投资活动划分为三大类,不同类型的对外直接投资活动对企业生产能力的影响中存在着较为显著的差异性。本文的研究结论为推动中国企业开展对外直接投资活动以及相关政府管理部门制定管理政策,提供了重要的参考和借鉴。

Abstract:

With the increasing scale of Chinese enterprises "outward direct investment, the issue of the influence of enterprises" outward direct investment on the production capacity of enterprises has become a key topic for scholars to study. This article is based on 2013-2018 corporate outbound direct investment data, using the propensity score matching method to further study the effect of outbound direct investment activities on the production capacity of Chinese companies. The study found that there is a significant causal relationship between FDI activities and the production capacity of enterprises. Whether in the short-term or long-term, foreign direct investment activities will have a positive effect on the production capacity of enterprises, and this effect will continue to increase with time. In addition, this article also divides the foreign direct investment activities into three categories. There are significant differences in the impact of different types of foreign direct investment activities on the production capacity of enterprises. The research conclusions of this article provide important reference and reference for promoting Chinese enterprises to carry out foreign direct investment activities and relevant government management departments to formulate management policies.