制度環(huán)境、政治關(guān)聯(lián)與中國企業(yè)的國際化——中國上市公司的經(jīng)驗證據(jù).pdf

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3、一_一一_AbstractSinceChina’srefbrmandopeningup，ourcountry’seconomygrowing，theenterprisestrengthisalsogrowingWiththedeepeningofeconomicglobalizationandChinasgovernmenttovigorouslyimplementthe”goingout”strategymoreandmoreente

4、rprisesgoabroadtodoforeigndirectinvestment，thusenterpriseinternationalizationresearchhasgraduallybecomethefocusofscholarsAstheinternationalinvestmentactivitiesisrooted111thecountry’Ssystemarrangementthusinevitablyinfluen

5、cedbylegalandeconomicenvironmentetcThenwhatisrootedinthesystemofourcountryenvironmentwillinevitablybeaffectedbytheroleofthegovernmentSointhispaperwewillstudyitseffectsonenterpriseinternationalizationinvestmentactivitiesf

6、iomthetwoaspectsofpoliticalassociationandtheinstitutionalenvironmentInordertoanalyzeourproblembetterthisarticlefirststudiestherelatedtheoryoftheinstitutionalenvironment，thepoliticalrelationandtheenterpriseintemationaliza

7、tion：thismeansdefinetheinstitutionalenvironment，thepoliticalassociationandtheconnotationofenterpriseinternationalizationandtheirdimensionsThisarticlewillenterpriseinternationalizationdegreefiomtwodimensionstomeasuretheva

8、riablesdepthandbreadthofinternationalizationaredividedintointernationalizationwhichrepresentthenumberofenterprisesoverseassubsidiariesandoverseassubsidiariesdistributionstatenumberBecausemostofthelistedcompanyhasnotbeeno

9、verseasinvestmentactivities，SOwhenwebuildthemodelthatisdividedintotwosteps：wefirstlookatthevariableshowtoinfluencetheenterprisewhethertodoforeigndirectinvestment，thesecondintheinternationalizationofenterprises，toexploret

10、hepoliticalrelationandinstitutionalenvironmentalimpactoninternationalizationdegreeofdepthandbreadthandhowTherefore，basedontheresourcedependencetheorysocialcapitaltheoryandsystemtheoryasthetheoreticalsupport，throughallthe

11、listedcompaniesduring20042010cross—sectiondataassamplestobuildzeroexpansion(ZINB)negativebinomialmodel，thuswegetthefollowingresults：(1)Whentheinstitutionalenvironmentofthebusinessareaismorebetterthedepthandbreadthoftheen

12、terpriseinternationalizationwillbedeeper；ontheotherhand，whenthesystemenvironmentiSworse，theenterprisewouldnotwanttOdooutwardforeigndirectinvestmentactivities(OFDI)，thedegreeofthedepthandbreadthofinternationalizationwillb