Influence of the Industrial Structure Differences on the Location Selection of Enterprise's OFDI
Based on the microdata of enterprises'outbound investment,this paper finds that enterprises are more likely to in-vest in countries with industrial structures similar to those of their home countries,which is verified by different investment motivations.This effect will be reinforced by the increase in firm productivity and domestic marketization,while external market shocks will have the opposite effect.The performance study of enterprise OFDI shows that the reduction of the indus-trial structure difference with the host country will bring about increase in productivity,asset income,and export scale of en-terprise OFDI.
foreign direct investmentlocation choicedifference in industrial structure
NETL
NSTL
万方数据
