Impact of Supply Chain Network Structure on FDI: Theory and evidence
Impact of Supply Chain Network Structure on FDI: Theory and evidence
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发表时间：
2016-03
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通讯作者：
R. Itoh;K. Nakajima
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作者：
R. Itoh;K. Nakajima
本研究探讨供应链网络的结构如何影响网络中企业的对外直接投资决策。本文通过一个不完全信息下的固定网络协调博弈，从理论上描述了企业的对外直接投资决策。我们发现，网络效应的平衡可以表示为Katz-Bonacich中心。Katz-Bonacich中心地位高于其他公司的公司更有可能从事外国直接投资。我们使用115，111家日本企业的企业间交易网络数据对这一预测进行了实证检验，证实了Katz-Bonacich中心性对企业的FDI参与具有显著的正向影响。
This study investigates how the structure of a supply chain network influences the FDI decisions of firms embedded in the network. We theoretically describe firms' FDI decisions through a coordination game of a fixed network with incomplete information. We show that the network effect in the equilibrium can be represented by Katz-Bonacich centrality. Firms with a larger Katz-Bonacich centrality than other firms are more likely to engage in FDI. We empirically test this prediction with disaggregated inter-firm transaction network data of 115,111 Japanese firms and confirm that the Katz-Bonacich centrality has a significantly positive, robust effect on firms' FDI engagements.