社会风险对企业海外投资意愿的影响探析--基于“一带一路”沿线国家研究

The Influence of Social Risks on Enterprises’ Overseas Willingness: Based on the Research along "One Belt and One Road"

通过431个样本的问卷调查数据发现,民营企业家认为经济风险是"一带一路"沿线投资面临的最主要风险。同时,在影响企业投资意愿的风险维度中,环境风险、宗教风险和劳工风险等嵌入在社会结构中,且容易被忽视的社会风险作用日益突显,影响着东道国民众对中资企业的社会信任,从而显著影响着企业的投资意愿。通过模型比较检验和稳定性检验,证实了社会风险不仅通过社会信任的中介效应高度影响企业海外投资意愿,也通过社会信任的中介效应显著影响政府信任和制度信任,从而影响企业海外投资意愿。

The data of 431 samples show that private entrepreneurs believe that economic risk is the most important investment risk along "One Belt and One Road", and social risk is playing an increasingly important role. Through the model comparison test and stability test, this paper also confirms the transmission mechanism of social risk: social risk not only highly affects social trust, but also affects the government trust and institutional trust, thus affects the enterprise’s overseas investment willingness.