Abstract:
As the developing of Chinese economics, the outward direct investment increases greatly. This paper using the data of Chinese firms tries to find the relationship between ODI and its productivity. Then we find some important results. Firstly, the firms with high productivity will more chance to ODI. Secondly, the firms learning technology have highest productivity. Thirdly, the firms investing more counties are not more effective than the less in poor. Fourthly, the firms investing in rich countries are not more effective than in poor. Fifth, the Firms of SOE are not more effective than other firms. As after the working, we know more about ODI in China.
蒋冠宏. 企业异质性和对外直接投资——基于中国企业的检验证据[J]. 金融研究, 2015, 426(12): 81-96.
JIANG Guanhong. Outward Direct Investment and Chinese Firm’s Heterogeneity:Evidence from the Chinese Firms. Journal of Financial Research, 2015, 426(12): 81-96.
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