FDI Quality Characteristics and Breakthrough Innovation of High-tech Manufacturing Enterprises
In the context of the new normal of attracting investment,what quality characteristics of foreign direct investment(FDI)can become the key driving force to promote breakthrough innovation of China's high-tech manufacturing enterprises?This paper constructs an FDI quality evaluation system based on the new development philosophy,followed by empirical test with enterprise-level data.The research shows that:the quality of FDI in China's high-tech manufacturing industry is on the rise,and the improvement of FDI comprehensive quality has a positive effect on breakthrough innovation of local enterprises.From the perspective of specific characteristics,FDI with high standard of opening-up and high level of social contribution has the most significant positive effect.This effect is mainly realized through enhancing the willingness of the enterprises for independent R&D and improving human capital structure,and it is more significant in the industries susceptible to reverse engineering and the regions with higher level of intellectual property protection.
FDI qualityhigh-tech manufacturing industrybreakthrough innovationforeign direct investment(FDI)innovation behavior
万方数据
维普
