Format:
1 Online-Ressource
Content:
Based on outward foreign direct investment (OFDI) data of Chinese manufacturing companies in the period of 2001-20142016, this paper examines the impact of capital intensity on the casual relationship between outward foreign direct investment (OFDI) and productivity. Results show that, first, the pre-entry productivity of OFDI firms is higher than that of non-OFDI firms only for labor-intensive firms but not for capital-intensive firms, which suggests the self-selection effect only holds for labor-intensive firms. and Second, the post-entry productivity improvement of OFDI firms only gained by capital-intensive firms but not by labor-intensive OFDI firms, which suggests the learning-by-doing effect only holds for capital-intensive firms. Our results suggest the self-selection effect only holds for labor-intensive firms while the learning-by-doing effect only holds for capital-intensive firms. One possible explanation for these results is that the OFDI purpose of capital-intensive firms is to achieve technical progress while the OFDI purpose of labor-intensive firms is to gain profits
Note:
In: Emerging Markets Finance and Trade, DOI: 10.1080/1540496X.2020.1784138
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Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 23, 2020 erstellt
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Volltext nicht verfügbar
Language:
English
