科学学研究 ›› 2020, Vol. 38 ›› Issue (8): 1509-1525.

• 技术创新与制度创新 • 上一篇    下一篇

对“一带一路”国家直接投资能否促进中国企业创新

李延喜1,何超1,刘彦文2,孔令文2   

  1. 1. 大连理工大学
    2.
  • 收稿日期:2019-08-26 修回日期:2020-01-30 出版日期:2020-08-15 发布日期:2020-08-15
  • 通讯作者: 何超
  • 基金资助:
    “一带一路”国家资金融通机制设计及资金配置效率评价体系研究

Can Direct Investment in the Belt and Road Countries Promote Innovation of Chinese Listed Companies? Based on the Characteristics of the Host Countries

  • Received:2019-08-26 Revised:2020-01-30 Online:2020-08-15 Published:2020-08-15

摘要: 本文利用2013-2017年中国企业对外直接投资数据,从东道国特征视角研究了对“一带一路”国家直接投资对企业创新的影响。研究发现:对“一带一路”国家直接投资可以通过多种逆向创新溢出渠道促进中国企业创新,其中外围技术剥离渠道的影响程度最大,研发成本分摊渠道次之,研发成果反馈渠道的影响程度最小。“一带一路”倡议提出后,这种促进作用更为显著。东道国特征对企业逆向创新溢出渠道具有重要影响,不同特征产生的影响存在差异。进一步检验的结果表明,不同东道国特征对企业创新原始创新能力和模仿创新能力的影响也存在显著差异。最后,本文还发现对“一带一路”国家直接投资对企业创新的促进作用具有持续性,但影响程度呈现“先减后增”的变化趋势。研究结论为中国企业参与“一带一路”建设和科技创新合作提供了政策启示。

Abstract: This paper uses the data of foreign direct investment of Chinese listed companies from 2013 to 2017 to study the impact of direct investment in the Belt and Road countries on enterprise innovation from the perspective of host country characteristics. The study finds that direct investment in the Belt and Road countries can promote innovation of Chinese listed companies through a variety of reverse innovation spillover channels, among which the peripheral technology stripping channel has the greatest impact, the R&D cost sharing channel has the less impact, and the research and development results feedback channel has the least impact. After the Belt and Road Initiative initiative, this promotion is more significant. The characteristics of the host countries have an important impact on the reverse channels of enterprise innovation, and the effects of different characteristics vary. The paper further shows that there are significant differences in the influence of different host country characteristics on the original innovation ability and imitation innovation ability of Chinese listed companies. Finally, the paper also finds that the degree of influence of the direct investment in the Belt and Road countries on enterprise innovation first decrease and then increase. The research conclusions provide policy inspiration for Chinese listed companies to participate in the Belt and Road construction and scientific and technological innovation cooperation.