文化距离和国际直接投资流向:S型曲线假说被引量：77

Cultural Distance and Foreign Direct Investment Flows:The S-Curve Hypothesis

下载PDF

导出

摘要文化距离和国际直接投资流向的关系一直是学术界研究的热点问题,并且存在着"文化距离悖论"。本文在文化距离所产生的"外来者劣势"和"外来者收益"的基础上建立了新的理论框架,以此来分析文化距离和国际直接投资流向之间的复杂非线性关系。1993-2006年49个世界重要经济体在29个OECD成员国的国际直接投资数据表明,文化距离和国际直接投资流向之间存在着水平S型曲线关系。这一研究结果能够较好地解释文化距离和国际直接投资流向之间的"文化距离悖论"。 In the international business literature, there is a consensus that the primary cost of investing in cultural dissimilar country is stemmed from the liabilities of foreignness. Following this logic, a variety of writers in this literature have empirically tested a linear and negative relationship between cultural distance and foreign direct investment （FDI） flows. However, studies have shown mixed results, thus resulting ＂cultural distance paradox＂. We propose a new theoretical framework including both liability of foreignness and benefit of foreignness for studying the ＂cultural distance paradox＂. Data on 49 important economies investing in 29 OECD countries from 1993 to 2006 show a consistent horizontal S-shaped relationship between cultural distance and FDI flows. Our findings present a reconciliation of ＂cultural distance paradox＂ to a certain extent.

作者殷华方鲁明泓

机构地区南京财经大学工商管理学院南京大学长江三角洲经济社会发展研究中心

出处《南方经济》 CSSCI 北大核心 2011年第1期26-38,共13页 South China Journal of Economics

基金国家自然科学基金面上项目(70972140) 教育部人文社会科学研究青年基金项目(08JC790054) 江苏省高校"青蓝工程"项目的资助

关键词文化距离国际直接投资投资流向文化距离悖论 Cultural Distance Foreign Direct Investment FDI Flows Cultural Distance Paradox

分类号 F276.7 [经济管理—企业管理]

引文网络
相关文献

参考文献35

1Agarwal, S. , 1994, "Socio-Culture Distance and the Choice of Joint Ventures : A Contingency Perspective," Journal of International Marketing, 2(2), pp. 63-80.
2Benito, G. R. G. and G. Gripsrud, 1992, "The Expansion of Foreign Direct Investments: Discrete Rational Location Choices or a Cultural Learning Process," Journal of International Business Studies, 23 ( 3 ), pp. 461 - 476.
3Bjorkman, I. , G. K. Stahl and E. Vaara, 2007, "Cultural Differences and Capability Transfer in Cross-Border Acquisitions: The Mediating Roles of Capability Complementarity, Absorptive Capacity, and Social Integration," Journal of International Business Studies, 38 (4), pp. 658 - 672.
4Contractor, F. J. , 2007, "Is International Business Good for Companies? The Evolutionary or Multi-Stage Theory of Internationalization vs. the Transaction Cost Perspective," Management International Review, 47 ( 3 ), pp. 453 - 475.
5Dow, D. and A. Karunaratna, 2006, "Developing a Multidimensional Instrument to Measure Psychic Distance Stimuli," Journal of International Business Studies, 37 ( 5 ) , pp. 578 - 602.
6Evans, J. and F. T. Mavondo, 2002, "Psychic Distance and Organizational Performance : An Empirical Examination of Intemational Retailing Operations," Journal of International Business Studies, 33 ( 3 ) , pp. 515 - 532.
7Flores, R. G. and R. V. Aguilera, 2007, "Globalization and Location Choice: An Analysis of US Multinational Finns in 1980 and 2000," Journal of International Business Studies, 38(7), pp. 1187 - 1210.
8Gomez-Mejia, L. 1L and L. E. Palich, 1997, "Cultural Diversity and the Performance of Multinational Firms," Journal of International Business Studies, 28(2), pp. 309 -335.
9Grosse, R. and L. J. Trevino, 1996, "Foreign Direct Investment in the United States: An Analysis by Country of Origin," Journal of International Business Studies, 27( 1 ), pp. 139 - 155.
10Habib, M. and L. Zurawicki, 2002, "Corruption and Foreign Direct Investment," Journal of International Business Studies, 33(2) , pp. 291 - 307.

二级参考文献39

1丁辉侠,董超,冯宗宪.文化因素对流入中国的外商直接投资的影响——基于引力模型的实证分析[J].郑州大学学报（哲学社会科学版）,2007,40(1):79-82. 被引量：17
2黄肖琦,柴敏.新经济地理学视角下的FDI区位选择——基于中国省际面板数据的实证分析[J].管理世界,2006,22(10):7-13. 被引量：176
3周华.汇率波动对外商直接投资的影响——基于知识资本模型从产业角度的实证检验[J].数量经济技术经济研究,2007,24(4):53-64. 被引量：23
4[美]诺斯.《经济史中的结构与变迁》[M].上海三联书店,1994年..
5Caves R. E, 1996, Multinational Enterprises and Economic Analysis, New York: Cambridge University Press.
6Culem C. G, 1988, The Locational Determinants of Direct Investments Among Industrialized Countries, European Economic Review, vol. 32, issue 4, 885 - 904.
7Drake T.A. and R. E. Caves, 1992, Changing Determinants of Japanese Foreign Investment in the United States, Journal of the Japanese and International Economics, vol. 6, issue 3, 228 -246.
8Dunning J. H. , 1993, Multinational Enterprises and Global Economy, Wokingham: Addison-Wesley.
9Froot K.A. and J. C. Stein, 1991, Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach, Quarterly Journal of Economics, 106, 4.
10Groose. R and L. J. Trevino, 1996, Foreign Direct Investment in the United States: An Analysis by Country of Origin, Journal oflnternational Business Studies, 27, 1.