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

被引：16

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.

引用

页数：9

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