信息不对称条件下技术外溢效应对 FDI进入模式的影响Modes of Foreign Entry under Asymmetric Information about Potential Technology Spillovers
胡浩,关涛
摘要(Abstract):
跨国并购和新设投资是跨国公司进入东道国的两种方式,其中,技术外溢的可能性是影响跨国公司投资决策的重要因素之一。在非对称信息条件下,如果国内外企业的技术差距并不大,跨国并购是最优的进入方式,如果技术差距明显,新设投资是最优的进入方式。
关键词(KeyWords): 技术外溢;国际直接投资;新设投资与跨国并购
基金项目(Foundation):
作者(Author): 胡浩,关涛
参考文献(References):
- [1] 胡 峰.跨国公司在华并购论[M].广州:广东经济出版社,2003.
- [2] Das,S.P.andS.Sengupta.AsymmetricInformation,Bargaining,andInternationalMergers[J].JournalofEconomics&ManagementStrategy,2001,10(4):565-590.
- [3] Gorg,H.AnalysingForeignMarketEntry:TheChoicebetweenGreenfieldInvestmentandAcquisitions[J].JournalofEconomicStudies,2000,27(3):165-181.
- [4] Henisz,W.J..TheInstitutionalEnvironmentforMul-tinationalInvestment[J].JournalofLaw,Economics&Organization,2000,16(2):334-364.
- [5] Moosa,I.A..ForeignDirectInvestment:Theory,Evi-denceandPractice[M].Basingstoke,Hampshire:Palgrave,2002.
- [6] Saggi,K..Trade,ForeignDirectInvestment,andInte-rnationalTechnologyTransfer:ASurvey[M].WorldBankResearchObserver,forthcoming,2002.