中国市场的竞争:外国公司和加价

IF 2.6 3区 经济学 Q1 ECONOMICS
Chih-Hai Yang
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引用次数: 1

摘要

这项研究探讨了外国公司在加价方面是否优于国内公司,以及外国公司的存在是否会抑制中国市场上当地同行的加价。通过对公司层面面板数据集的分析,我们发现外商投资企业(FIE),尤其是那些不来自香港-澳门-台湾的外商投资企业,收取更高的价格。对加成决定因素的估计突出了技术能力和无形资产发挥的重要作用。还讨论了潜在的通道和机制。通过合资企业进入中国市场有助于外资企业提高价格,这一效应对HMT-外资企业来说是显著的,因为与其他外资企业相比,HMT–外资企业可能在文化上具有相对优势。与国家资本平等分享以建立政治联系(关系)也有助于促进加价。至关重要的是,外国存在与当地企业的加价呈正相关,这表明溢出和联动效应主导了外国直接投资带来的竞争压力。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Competition in the Chinese market: Foreign firms and markups

This study addresses the issues of whether foreign firms outperform domestic firms in markups and whether the presence of foreign firms dampens the markup of their local counterparts in the Chinese market. Analysis of a firm-level panel dataset, we find foreign-invested enterprises (FIEs), particularly those not from Hong Kong–Macau–Taiwan, charging a higher markup. Estimations on the determinants of markups highlight the important roles played by technological capability and intangible assets. The potential channels and mechanisms are also discussed. Entering the Chinese market through joint ventures helps FIEs raise markups, and this effect is notable for HMT–FIEs, which might have a relative advantage of cultural proximity than other FIEs. Sharing equality with national capital to construct political connection (guanxi) also helps facilitate markups. Crucially, foreign presence is positively related to local firms’ markups, suggesting that the spillover and linkage effects dominate the competition pressure brought about by foreign direct investment.

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来源期刊
CiteScore
5.10
自引率
6.90%
发文量
36
期刊介绍: The Journal of the Japanese and International Economies publishes original reports of research devoted to academic analyses of the Japanese economy and its interdependence on other national economies. The Journal also features articles that present related theoretical, empirical, and comparative analyses with their policy implications. Book reviews are also published.
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