数字化与中国上市公司对外直接投资

IF 1 4区经济学 Q3 ECONOMICS

Review of International Economics Pub Date : 2023-08-16 DOI:10.1111/roie.12702

Linlin Fan, Jinghua Ou, Gongyan Yang, Shujie Yao

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引用次数: 0

摘要

数字化转型赋予企业新的发展能力。本文对2007 - 2020年中国上市公司的整体数字化转型强度进行了刻画，并首次实证考察了数字化转型对对外直接投资(OFDI)的影响及其传导机制。研究发现，数字化转型显著提升了对外直接投资，其传导机制有三种:(1)降低了交易成本;(2)提高了生产经营效率。这种影响在经济数字化程度更高的东道国、私营企业和服务业中更为明显。

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Digitalization and outward foreign direct investment of Chinese listed firms

Digital transformation has given firms new development capability. This paper portrays the overall digital transformation intensity of China's listed firms in 2007–20, and empirically examines the impact of digital transformation on outward foreign direct investment (OFDI) and its transmission mechanisms for the first time. It is found that digital transformation significantly enhances OFDI with three transmission mechanisms: (1) reduced transaction costs and (2) improved production and operation efficiency. The impact is more pronounced in the host countries whose economies are more digitalized, in private enterprises, and in the service industries than in their respective counterparts.

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来源期刊

Review of International Economics ECONOMICS-

CiteScore

1.90

自引率

0.00%

发文量

期刊介绍： The Review of International Economics is devoted to the publication of high-quality articles on a full range of topics in international economics. The Review comprises controversial and innovative thought and detailed contributions from other directly related fields such as economic development; trade and the environment; and political economy. Whether theoretical, empirical or policy-oriented, its relevance to real world problems is of paramount concern.