Does technology-seeking OFDI improve the productivity of Chinese firms under the COVID-19 pandemic?

被引：15
作者：
Wong, Zoey [1 ]
Chen, Afei [2 ]
Peng, Dan [1 ]
Kong, Qunxi [2 ]
机构：
[1] Nanjing Univ, Sch Business, Nanjing 210093, Peoples R China
[2] Nanjing Univ Finance & Econ, Sch Ind Dev, Nanjing 210003, Peoples R China
来源：
GLOBAL FINANCE JOURNAL | 2022年 / 51卷
基金：
中国国家自然科学基金;
关键词：
Technology-seeking OFDI; Productivity; COVID-19; External shock; Investment heterogeneity; FOREIGN DIRECT-INVESTMENT; RESEARCH-AND-DEVELOPMENT; OUTWARD FDI; CONSTRAINTS; INWARD; TRADE;
D O I：
10.1016/j.gfj.2021.100675
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper empirically investigates the impact of technology-seeking outward foreign direct investment (OFDI) on firms' productivity under the influence of negative external shocks, taking as a sample the investment data of Chinese firms before and during COVID-19. The results show that technology-seeking OFDI improves productivity, but not under negative external shocks. The dampening effect of such shocks is more significant when the host country is a developed country and in firms with multiple branches. Technology-seeking OFDI particularly improves the productivity of research and development and processing firms, and (among the productivity measures tested) most prominently affects total factor productivity.
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页数：9
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