RCEP框架下企业OFDI技术利益的理论机制与实证检验

Theoretical Mechanism and Empirical Test of Enterprise OFDI Technological Benefits under the RCEP Framework

区域全面经济伙伴关系协定(RCEP)合作框架下中国企业对外直接投资(OFDI)及其技术利益格局会深远影响成员国的后续科技创新与合作。本文基于上市公司面板数据,运用“熵权法”测算技术利益,结合企业、环境、东道国与OFDI特征研究中国企业对RCEP国家直接投资的技术利益实现问题。研究发现:对RCEP国家直接投资对实现技术利益具有显著促进作用;管理效率的提升强化技术利益的实现能力,高知识产权保护水平强化技术利益实现的动机。进一步分析表明,国有企业能实现更多的技术利益,而民营企业可以通过提高管理效率和知识产权保护水平提升技术利益实现水平;企业OFDI水平越高、东道国知识产权保护水平越高,技术利益实现效果越好;投资到RCEP国家的企业相比投资到“一带一路”国家的企业会获得更多技术利益。

Under the framework of RCEP cooperation,OFDI of Chinese enterprises and their technological benefits will have a profound impact on subsequent technological innovation and cooperation among member states.Based on the panel data of listed companies,the“entropy weight method(EWM)”was applied to measure technological benefits,and the characteristics of enterprises,environment,host countries and OFDI were combined to study the realization of technological benefits of Chinese enterprises’direct investment in RCEP countries.The results show that direct investment in RCEP countries can significantly promote the realization of technological benefits.The improvement of management efficiency strengthens the ability to realize technological benefits,and the high level of intellectual property protection strengthens the motivation for realizing technological benefits.Further analysis shows that state-owned enterprises can realize more technological benefits,while private enterprises can improve the realization level of technological benefits by improving management efficiency and intellectual property protection level.The higher the OFDI level of the enterprise and the higher the level of intellectual property protection of the host country,the better the realization effect of technological benefits.Enterprises investing in RCEP countries will gain more technological benefits than those investing in“Belt and Road”countries.