摘要
中国正逐渐成为全球对外直接投资的崛起力量,中国企业对海外市场的拓展引起了世界各国决策者以及公众媒体的关注。本文通过对Berhmann分类法以及Dunning折衷范式的补充,分析了中国企业对发达国家直接投资的动因与障碍。中国企业对发达国家直接投资宏观动因主要包括中国政府政策激励、发达国家投资环境激励、国内市场饱和压力、发达国家贸易保护主义压力;微观动因为寻求外部市场和战略资产。在发达国家直接投资过程中,中国企业不存在明显所有权优势和内部化优势,利用东道国区位优势的能力有待加强。通过对在比利时投资的中国企业实地调研,发现受访中国企业在比利时的投资活动处于初级阶段并遇到很多障碍,真正融入比利时乃至欧盟市场尚需时间。
As China has been an emerging power of the world outward direct investments,the performance of Chinese enterprises in overseas markets has raised concerns among decision-makers and public opinions in many countries.Using Berhmann taxonomy and Dunning's eclectic paradigm,this paper aims to address the main drives and obstacles of China outward investments to developed countries.The macro-drives that influence Chinese enterprises include such factors as policy stimulation of Chinese government,investment environment stimulation of developed countries,saturation pressure of China's domestic market,as well as pressure of trade protectionism in developed counties.Micro-drives refer to the pursuit of market share and strategic-assets.When investing in advanced countries,Chinese enterprises are lack of ownership advantages and internalization advantages.Meanwhile,their ability of using location advantages of host country still needs to be improved.Through conducting interviews of Chinese firms present in Belgium,this paper argues that their investment behaviors are still at the primary stage,facing lots of obstacles,it takes time for them to really integrate into Belgian Market and even the EU market.
出处
《财贸经济》
CSSCI
北大核心
2011年第2期95-101,137,共7页
Finance & Trade Economics
基金
比利时鲁汶大学Jean-Christophe Defraigne教授主持的课题支持,课题名称:An analysis of Chinese FDI flows to the European Union,the emergence of Chinese multinational enterprise and their effect on EU-China relations
