财经论丛 ›› 2016, Vol. 32 ›› Issue (11): 56-65.

• 金融与投资 • 上一篇    下一篇

外资风险投资在中国内地投资影响因素研究

CHEN Su 杨晔   

  1. 1. 中国人民大学
    2. 上海财经大学财经研究所
  • 收稿日期:2015-12-25 修回日期:2016-05-18 出版日期:2016-11-10 发布日期:2016-11-04
  • 通讯作者: CHEN Su
  • 基金资助:

    国家自然科学基金

The Influencing Factors for Investment of Foreign Venture Capital in Mainland China

  • Received:2015-12-25 Revised:2016-05-18 Online:2016-11-10 Published:2016-11-04

摘要:

借用国际生产折衷理论,并结合不确定性理论研究影响外资风险投资决策的因素,结果发现:当中国内地与投资国(地区)的创业水平越高、文化差异越小时,外资风险投资的投资可能性越高;创业水平越高,投资规模和数量越大;文化差异越大,外资风险投资的数量越多。本文建议进一步改善中国内地创业环境,以更多地吸引外资风险投资,提高企业创新动力,推进优质企业国际化。

关键词: 外资风险投资, 创业, 文化差异

Abstract:

This paper uses Dunning's international production eclectic theory, combined with the uncertainty theory,to analyze the possible influence factors for the investment decision of foreign venture capital.The empirical results show when the level of entrepreneurship is higher and the cultural differences are smaller, the likelihood of investment of foreign venture capital is higher; the higher the level of entrepreneurship,the greater the size and quantity of the investment;the greater of cultural differences,the more number of the investment.This paper suggests to further improve Mainland Chinas entrepreneurial environment,reduce the cost of foreign investment,in order to attract more foreign venture capital,to improve the motive force of innovation, and to help Mainland China's high-quality enterprises to international development.

Key words: foreign venture capital, entrepreneurship, cultural differences

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