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论文编号：	4217
作者编号：	2120102292
上传时间：	2012/6/5 19:34:57
中文题目：	中国企业国际化区位选择影响因素研究 ——一项基于87家制造业企业FDI数据的实证分析
英文题目：	Location Choice Determinants in internationalization of Chinese Firms：An empirical study based on FDI data from 87 manufacturing firms
指导老师：	任兵
中文关键字：	区位优势，制度距离，FDI经验，区位选择，新兴跨国公司
英文关键字：	location advantages, institutional distance, FDI experience, location choice，EMNCs
中文摘要：	新兴市场跨国公司在全球经济和商务舞台上的崛起引起了世界瞩目，国际商务领域的研究者也将更多的注意力集中到了这些后发跨国公司上。在解释新兴市场国家的国际化战略和行为时，学者们发现建立在西方发达国家跨国公司基础上的理论显示出了局限。一些针对新兴市场的理论观点应运而生，试图补充已有理论，剖析新兴市场跨国独特的国际化战略机制。 本文的研究问题是，新兴市场跨国公司，尤其是中国企业国际化区位选择战略受哪些因素影响。传统理论加之新兴市场理论观点，已经为我们全面理解新兴市场跨国公司国际化区位提供了丰富的视角。然而，已有实证研究多采纳经济理论视角，集中于宏观层面数据的分析，未能提供更加全面和系统的理解。为填补这一研究空白，本文试图结合折衷范式、制度理论和国际化阶段模型三种不同的理论视角，采纳企业层面的FDI数据，探究影响中国企业国际化区位选择战略的经济、制度和组织因素。与此同时，本文还将针对新兴市场的理论观点纳入到分析框架中，以识别这些因素在新兴市场国际化进程中发挥的特殊作用。 通过对2010年87家制造业上市企业在32个国家和地区直接投资截面数据的回归分析，本文首先发现在东道国吸引企业进入的四个区位优势因素中，市场条件和技术条件的作用更加重要，反映了中国企业寻求市场和战略资产的国际化动机。其次，制度理论强调的制度距离对区位选择的影响是复杂的，文化距离对区位选择有负向影响，而正式的制度距离却和区位选择有显著的正向联系，前者符合传统的跨国公司研究，而后者验证了制度逃离观点。本文还发现了一些调节作用。第一，文化距离会对区位优势和区位选择的联系起负向的调节作用，而正式制度距离起正向调节作用。第二，尽管中国企业在某地区的先前进入经验会促进企业再次进入该地区，但我们的数据并不支持FDI经验丰富的企业倾向于制度距离大的地区的假设。 上述实证结果补充了已有研究中单一理论视角和宏观层面数据为主的局限。但由于样本限制，本文的结果还有待未来研究采纳更大样本和时间序列数据的分析进行验证，以更清晰地阐明新兴市场跨国公司区位选择这个议题。
英文摘要：	The rise of emerging economy multinational corporations (EMNCs) in global economy and business arena attracts attentions from researchers all over the world in international business filed. It finds that established theories based on multinationals from developed economy limited when explaining the motivation and activities of EMNCs. Emerged are some new perspectives that try to complement the existing theory to explain these EMNCs’ distinctive internationalization mechanism. The thesis studies the question: What determines the location choices strategy of EMNCs, in particular the Chinese multinational corporations? Traditional theories and emerging perspectives provide ample views to understand the international location choice of EMNCs during their internationalization. But most existed empirical studies are based on economic-view and macro data, which fail to provide more comprehensive and systematic support theories. The thesis combines the following three angles to fill this gap: eclectic paradigm, institutional theory and internationalization process model, to explore the economic, institutional and organizational determinants of location made by Chinese multinational corporations by collecting firm level FDI data. Meanwhile, the thesis incorporates the emerging economy perspectives into our analysis to explain the different role these determinants play in the international process of EMNCs. We collect a cross-sectional data set of FDI activity conducted by 87 public listed companies in 32 counties or regions. We find that amongst all four vocational advantage factors attract firms to internationalize there, market and technology factors play more important role. This result reflects the market-seeking and strategic asset-seeking motivation play a role in Chinese firms’ choosing an international location. Results also show that institutional distance has complex impacts on location choice: cultural distance has a negative impact, while formal intuitional distance has a positive influence. The former result is aligned with the traditional MNC studies; the later one convinces the institutional escape perspective. We also find some interesting moderating effects. First, cultural distance has a negative effect, and formal institutional distance has negative moderating effect on the relation between location advantages and location choice. Second, although the pre-entry experiences enhance firms enter into the same location, while there lacks evidence that firms are likely to enter into those locations with higher national distance when they have more FDI experience. These findings contribute to existing literature by enriching single theoretical perspective, macro data and the examined contexts. However, due to sample size limitation, more future studies could collect larger longitudinal sample to replicate the current study, thus to shed light on a multi-theoretical perspectives of EMNCs’ location choice studies.
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