英文文献:Determinants of Foreign Direct Investment in the Food Manufacturing Industry-食品制造业外国直接投资的决定因素
英文文献作者:Wendt, Minh,Pederson, Glenn D.
英文文献摘要:
This paper examines firm-specific characteristics in the food manufacturing industry that affect firms' decisions in accessing foreign markets via foreign direct investment (FDI). It also seeks to assess variations in the intensity level of multinational firm involvement in FDI given these characteristics. It finds that capital-intensive firms with higher levels of intangible assets, profitability, and knowledge capital are more likely to be MNEs. It also finds that intangible assets and knowledge capital underline the tendency of MNEs to invest more intensively abroad. Furthermore, firm size is found to play an important but not necessarily dominant role in FDI propensity and intensity.
本文研究了食品制造业中影响企业通过外国直接投资(FDI)进入外国市场决策的企业特有特征。鉴于这些特点,它还试图评估跨国公司参与外国直接投资的强度水平的差异。研究发现,无形资产、盈利能力和知识资本水平较高的资本密集型企业更有可能成为跨国公司。研究还发现,无形资产和知识资本凸显了跨国公司加大对外投资力度的趋势。此外,研究发现企业规模在FDI倾向和强度中起着重要而非必然的主导作用。