摘要
本文基于实物期权理论分析不确定性、投资不可逆性、新地区增长机会、原投资地区与新投资地区之间的转换机会,对日本跨国企业在华地区扩张行为的影响,并探讨行业竞争程度对投资不可逆性、新地区增长机会、转换机会与日本跨国企业在华地区扩张行为之间关系的调节作用。本文的结论有助于跨国企业理性地对待东道国市场的不确定性,在东道国内部选择合理的扩张地点,也对我国企业的国内多点布局和海外地区扩张具有借鉴意义。
The focal paper analyzes the effects of uncertainty, irreversibility of investment, growth opportunities of new regions, and the switch opportunities between the original and new regions on the regional expansions of Japan＇s muhina- tional enterprises in China based on real options theory, meanwhile, it explores the moderating effects of industry compe- tition on the relationships of irreversibility of investment, new region - growth opportunities, the switch opportunities be- tween the original and new regions and the regional expansions of Japan＇s multinational enterprises in China. Results of the paper not only are conducive for muhinational enterprises to rationally treat uncertainty and choose the suitable regions to expand in host countries, but also are significant for enterprises＇ multi -region configurations in home country and their regional expansions overseas.
出处
《商业研究》
CSSCI
北大核心
2015年第10期102-109,共8页
Commercial Research
关键词
日本跨国企业
在华地区扩张
实物期权
Japan＇s multinational enterprises
regional expansion in China
real options
