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An Empirical Test on FDI, Financing Channels, Government-Linked Relation and the Export Effect of Private Enterprises

International Business and Management

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Field Value
 
Title An Empirical Test on FDI, Financing Channels, Government-Linked Relation and the Export Effect of Private Enterprises
 
Creator ZHANG, Qian
 
Subject
FDI; Financing channel; Export of private enterprises; Export spillover effect

 
Description China has become the world’s largest FDI recipient and exporting country, however, Chinese consistent policy to encourage multinational exports is suppressing and replacing the exports of local private enterprises restrictedby domestic financing, therefore, these two related research questions appearance in regular sequence: (1) Is there necessary link between Financing constraints and export of enterprise? (2) What is the impact mechanism ofexport-oriented multinational companies on local private enterprises export? Using a rich of panel data and Tobit model to carry out the theoretical analysis and empirical testing for the intrinsic relationship among financing channel, FDI and exports of private enterprises, The study found that, labor-intensive industries have a stronger correlation between receiving good bank loans and better export performance with respect to the capital-intensive industry, the export of export-oriented multinational companies with favorable external financing channel is more robust; However, the horizontal or vertical exportspillover effects of foreign-invested enterprises are not obvious. In order to foster the export of local private enterprises, eliminating the discrimination in the financing of private enterprises may be a more effective policy tool compared to rely on the export spillover effects of multinational companies, without a doubt that changing Chinese financing policy is the best choice.
 
Publisher Canadian Research & Development Center of Sciences and Cultures
 
Contributor
 
Date 2016-06-28
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article

 
Format application/pdf
 
Identifier http://www.cscanada.net/index.php/ibm/article/view/8422
10.3968/8422
 
Source International Business and Management; Vol 12, No 3 (2016): International Business and Management; 15-21
1923-8428
1923-841X
 
Language eng
 
Relation http://www.cscanada.net/index.php/ibm/article/view/8422/pdf
 
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Rights Copyright (c) 2016 International Business and Management
http://creativecommons.org/licenses/by/4.0