The Mechanism and Effect of Home Country's Digital Economic Advantages on Promoting Digital Enterprises' Outward Foreign Direct Investment
JIA Yu-cheng1, ZHANG Jun-yan2
1. Institute of Regional Economics and Urban Development, Tianjin Academy of Social Sciences, Tianjin, 300191; 2. School of Economics, Shanxi University of Finance and Economics, Taiyuan, Shanxi, 030012
Abstract:As a background factor for the growth of digital enterprises, the home country advantages of China's digital economy have become an important driving force for digital enterprises to “go global”. This article constructs a new OLI location analysis framework that includes the home country's digital economy, and uses listed companies' outward foreign direct investment (OFDI) data to empirically test the impact and mechanism of the national digital economy on digital enterprises' OFDI. The results show that: the development of China's digital economy has significantly improved the number of OFDI by digital enterprises; the digital economy can not only enhance the ability of digital enterprises to pay greater market compatibility costs, but also improve corporate production efficiency, and the two jointly promote the growth of OFDI quantity. Compared with digital manufacturing companies, digital service companies have a driving effect on OFDI due to the customized attributes of product production and the “proximity” of knowledge costs; OFDI of digital enterprises, whether market-seeking or technology-seeking, is driven by the digital economy of their home countries; the marginal law of digital economy and the“new” characteristics of digital industry have led to the positive impact of the digital economy on the OFDI of low-productivity digital companies more significantly than that of high-productivity digital enterprises. Starting from the conclusion, improving the international competitiveness of Chinese digital enterprises and expanding the pace of “going global” requires coordinating the home country's digital economic advantages and market-oriented mechanisms.
贾玉成, 张俊彦. 母国数字经济优势推动数字企业对外直接投资的机制和效应[J]. 《深圳大学学报》(人文社科版), 2024, 41(2): 76-86.
JIA Yu-cheng, ZHANG Jun-yan. The Mechanism and Effect of Home Country's Digital Economic Advantages on Promoting Digital Enterprises' Outward Foreign Direct Investment. , 2024, 41(2): 76-86.
[1] 戚聿东,肖旭.数字经济时代的企业管理变革[J].管理世界,2020,36(6):135-152+250. [2] Belleflamme P, Peltz M.Industrial Organization:Market and Strategies[M].Cambridge:Cambridge University Press,2015.9-20. [3] Shalini Talwar, Manish Talwar, Puneet Kaur, et al.Consumers' resistance to digital innovations:A systematic review and framework development[J].Australasian Mark-eting Journal(AMJ),2020,28(4):286-299. [4] Daniel Nylén,Jonny Holmström.Digital innovation strate-gy:A framework for diagnosing and improving digital product and service innovation[J].Business Horizons,2015, 58(1):57-67. [5] Dremel C, Overhage S, Schlauderer S, et al.Towards a capability model for big data analytics[A].Proceedings Der 13.Internationalen Tagung Wirtschaftsinformatik(Wl2017)[C].St. Gallen,Switzerland,2017. [6] 时业伟. 跨境数据流动中的国际贸易规则:规制、兼容与发展[J].比较法研究,2020,(4):173-184. [7] Luo Y.New OLI advantages in digital globalization[J]. International Business Review,2021,30(2):101797. [8] 杨慧梅,江璐.数字经济、空间效应与全要素生产率[J].统计研究,2021,38(4):3-15 [9] 刘淑春,闫津臣,张思雪,等.企业管理数字化变革能提升投入产出效率吗[J].管理世界,2021,37(5):170-190+13. [10] 徐美娜,夏温平.数字跨国公司对外投资的进入与扩张决定:平台型数字企业集聚的分析视角[J].世界经济研究,2021,(12):68-85+133. [11] 曹书婷. 中国数字企业对外直接投资决策的影响因素研究——基于微观企业层面数据的分析[D].北京:商务部国际贸易经济合作研究院硕士学位论文,2022.47-48. [12] Hanelt A,Firk S,Hildebrandt B,et al.Digital M&A, dig-ital innovation, and firm performance: An empirical investigation[J].European Journal of Information Systems,2021,30(1):3-26. [13] 蒋殿春,唐浩丹.数字型跨国并购:特征及驱动力[J].财贸经济,2021,42(9):129-144. [14] Dunning J H.Explaining the international direct inves-tment position of countries: Towards a dynamic or deve-lopmental approach[J].Weltwirtschaftliches Archiv,1981, 117(1):30-64. [15] Paul Krugman.History and industry location: The case of the manufacturing belt[J].The American Economic Revi-ew,1991,81(2):80-83. [16] Porter M E.Competitive Advantage of Nations: Creating and Sustaining Superior Performance[M].New York:Simon and Schuster,2011.70-75. [17] 裴长洪,郑文.国家特定优势:国际投资理论的补充解释[J].经济研究,2011,46(11):21-35. [18] Helpman E, Melitz M J, Yeaple S R.Export versus FDI with heterogeneous firms[J].The American Economic Re-view,2004,94(1):300-316. [19] 郭家堂,骆品亮.互联网对中国全要素生产率有促进作用吗?[J].管理世界,2016,(10):34-49. [20] 涂心语,严晓玲.数字化转型、知识溢出与企业全要素生产率——来自制造业上市公司的经验证据[J].产业经济研究,2022,(2):43-56. [21] 王永进,数字经济学[M].北京:高等教育出版社,2023. 97-104. [22] 赵春明,班元浩,李宏兵,等.虚拟集聚能否促进城市出口产品质量升级[J].经济管理,2022,44(7):23-41. [23] 肖土盛,孙瑞琦,袁淳,等.企业数字化转型、人力资本结构调整与劳动收入份额[J].管理世界,2022,38(12):220-237. [24] 张昆贤,武常岐,陈晓蓉.数字经济时代跨国企业子公司角色变革研究——内部化理论分析框架[J].现代财经(天津财经大学学报),2022,42(11):3-18.