企业参与“一带一路”沿线投资的影响因素及投资绩效研究

摘要自“一带一路”倡议提出以来,中国企业迅速响应,成果丰硕。基于企业微观数据,分析了企业参与“一带一路”沿线投资的影响因素及其对投资绩效的影响。研究发现:“一带一路”倡议提出后,劳动力密集的企业、产品市场竞争激烈的企业更倾向对沿线国家投资,且这一特征在非国有企业中更加明显。进一步检验发现,企业投资绩效与企业劳动力密集度显著正相关,但与产品市场竞争度相关性不显著。该研究对理解“一带一路”经济政策的真实效应具有一定启示,也有助于企业分析自身是否适合参与相关的战略规划。

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	王孝钰
	郝莉莉

关键词： “一带一路”倡议对外直接投资投资动机投资绩效政策效应

Abstract： Since the “Belt and Road initiative” is proposed, Chinese enterprises have responded positively with fruitful results. Based on the enterprises' micro-data, this paper analyzes the characteristics of the enterprises that actively participate in the investment along the “Belt and Road Initiative”, and how these characteristics affect their investment performance. The study finds that after the initiative is proposed, labor-intensive companies and companies with fierce competition in the product market are more inclined to invest in countries along the “Belt and Road”, and this feature is more obvious in non-state-owned enterprises. Further test shows that there is significantly positive correlation between investment performance and labor intensity, but there is not significant correlation with the degree of product market competition. The authors think that this study not only has certain implications for understanding the real effects of economic policies, but also helps companies to analyze whether it is suitable for them to participate in relevant strategic planning.

Keywords： Belt and Road Initiative Foreign Direct Investment Investment Motivation Investment Performance Policy Effect

收稿日期 2020-07-21; 接受日期 ;

基金资助:中央高校基本科研业务费专项资金项目(19D110808)

通讯作者 郝莉莉(1989— ),女,河南南阳人,博士,讲师,硕士生导师,主要从事财务会计与资本市场研究。

作者简介: 王孝钰(1990— ),女,安徽霍邱人,博士,讲师,硕士生导师,主要从事财务会计与资本市场研究。

引用本文:

王孝钰, 郝莉莉.企业参与“一带一路”沿线投资的影响因素及投资绩效研究[J]. 经济经纬, 2021,2: 64-73

WANG Xiaoyu, HAO Lili.A Study on the Influencing Factors and Investment Performance of Enterprises' Active Participation in Investment along the “Belt and Road Initiative”[J] Economic Survey, 2021,V38(2): 64-73

链接本文:

http://www.jjjw.org.cn/CN/ 或 http://www.jjjw.org.cn/CN/Y2021/V38/I2/64

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