Research on Influencing Factors of Reverse Internationalization Investment in Chinese Enterprises

Jingwei Fang

《Frontiers in Economics and Management》 2卷4期 (2021/04) Pp. 180-184

https://doi.org/10.6981/FEM.202104_2(4).0026

摘要

According to international trade theory and modern transnational corporation theory, international investment flows from developed countries to developing countries. However, the reverse investment of developing countries represented by China in recent years is contrary to traditional theory. Based on the theory of international trade, this paper adopts the indexes of China's investment in the United States, the amount of foreign investment, the number of foreign enterprises and the number of patents, and selects the data of China's investment and trade from 2003 to 2019 to construct a multivariate linear model to analyze the factors affecting the reverse investment of Chinese enterprises. The results show that the increase of the amount of foreign investment, the number of foreign enterprises and the number of patents will promote the reverse investment in China, especially the increase of the number of foreign enterprises, which will further exert the effects of technology transfer and technology spillover, and enhance the scientific and technological competitiveness of Chinese enterprises. According to the research results, the author puts forward some suggestions to promote reverse investment in order to provide reference for reverse investment in China and developing countries.

關鍵字

Reverse Internationalization Investment ； International Trade Theory ； Technology Transfer ； Technology Spillover

參考文獻

S.Hymer.The International Operation of National Firms:A Study of Foreign Direct Investment [D]. Doctoral Dissertation, Massachusetts Institute of Technology, 1960.

P.J.Buckley, M.Casson.The Future of the Multinational Enterprise [M]. London :Macmillan, 1976.

L.T.Wells.Third World Multinationals [M]. Cambridge, Massachusetts: MIT Press, 1983.

S.Lall.The New Multinational [ M].Chichester:John Wiley &Sons, 1983.