外商直接投资、股权结构与生产率☆

IF 1.3 4区经济学 Q3 ECONOMICS

Japan and the World Economy Pub Date : 2022-12-01 DOI:10.1016/j.japwor.2022.101158

Tadashi Ito , Ayumu Tanaka

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引用次数: 0

摘要

外商直接投资的标准企业异质性模型考虑了外国子公司全部所有权的情况。然而，存在许多部分拥有的外国子公司。本文基于Helpman et al.(2004)建立了一个允许多种股权结构的模型，并对生产率与股权份额/结构之间的关系提出了一些可检验的假设。实证部分证实了这些假设，表明高生产率企业往往在其附属公司中拥有更高的所有权份额，而低生产率企业往往选择与批发商和/或当地/第三国合作伙伴建立合资企业。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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FDI, ownership structure, and productivity

The standard firm heterogeneity model of FDI considers the case of whole ownership of foreign affiliates. However, there exist many partially-owned foreign affiliates. This paper builds a model based on Helpman et al. (2004) to allow various ownership structures and posits some testable hypotheses on the relationship between productivity and ownership shares/structures. The empirical part corroborates these hypotheses, showing that high productivity firms tend to have a higher ownership share in their affiliates, and lower productivity firms tend to opt for joint-ventures with wholesalers and/or local/3rd country partners.

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来源期刊

Japan and the World Economy ECONOMICS-

CiteScore

2.60

自引率

0.00%

发文量

审稿时长

46 days

期刊介绍： The increase in Japan share of international trade and financial transactions has had a major impact on the world economy in general and on the U.S. economy in particular. The new economic interdependence between Japan and its trading partners created a variety of problems and so raised many issues that require further study. Japan and the World Economy will publish original research in economics, finance, managerial sciences, and marketing that express these concerns.