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本文探讨了在东道国金融市场不完善的条件下,行业研发密集度与跨国公司组织模式之间的关系。本文的基本逻辑是,因为研发密集度高的行业对东道国金融市场的依赖程度更高,而跨国公司可以通过选择组织模式和投资区位以消除金融市场不完全的影响,因此,不同的行业跨国公司的组织模式和区位选择会随行业研发密集度的不同而不同。本文分析结果表明:首先,在研发密集度较高的行业,更多的企业会选择在发达地区进行FDI,而在落后地区进行外包;其次,随着落后地区金融市场效率的提高,所有行业在发达和落后地区的外包都会变得更加普遍;最后,本文还进一步分析了行业生产率分布对企业组织模式的影响。本文的结论为现有经验研究结果提供了理论支持。
This article explores the relationship between industry research and development intensity and TNC organizational model under imperfect financial market in host countries. The basic logic of this paper is that because the industries with high R & D intensity are more dependent on the financial markets of the host countries, and multinational corporations can eliminate the incomplete influence of the financial markets by choosing organizational models and investment positions, different multinational corporations The organizational model and location options will vary with industry research and development intensity. The results of this paper show that: First of all, in industries with high R & D intensity, more enterprises choose to invest in developed areas and outsource in backward areas. Second, with the improvement of financial markets in underdeveloped areas, Outsourcing in developed and backward regions will become more common. Finally, the paper further analyzes the impact of industry productivity distribution on the organizational model of enterprises. The conclusion of this paper provides theoretical support for the existing empirical research results.