Foreign Ownership and Productivity of Joint Ventures

Foreign Ownership and Productivity of Joint Ventures
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合资企业的外资所有权和生产率

DOI:
10.1086/588166
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发表时间:
2008
影响因子:
2
通讯作者:
Yasheng Chen
Yasheng Chen
中科院分区:
经济学4区
文献类型:
--
作者:
Ying Ge;Yasheng Chen

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本文使用中国制造业所有大中型合资企业的独特面板数据集,检验了合资企业的所有权结构与生产率之间的联系。结果表明,外国参与,特别是来自日本、新加坡、美国和欧洲的参与,与生产率呈正相关。外商独资企业的生产率最高,由国家控股的港澳台投资企业的生产率最低。国有合作伙伴控制的合资企业在研发方面的投资最多,而WFOEs的投资最少。
This article uses a unique panel data set of all large‐ and medium‐sized joint ventures in the Chinese manufacturing sector to examine the linkage between the ownership structure and productivity of joint ventures. The results suggest that foreign participation, especially from Japan, Singapore, the United States, and Europe, is positively correlated to productivity. The productivity is highest for wholly foreign‐owned enterprises (WFOEs) and lowest for the Hong Kong, Macao, and Taiwan–invested enterprises controlled by a state partner. The joint ventures controlled by state partners invest the most in research and development, while WFOEs invest the least.
DOI: 10.1257/aer.89.3.605
发表时间: 1999-06-01
影响因子: 10.7
作者:
Aitken, BJ;Harrison, AE
通讯作者: Harrison, AE