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Article: Effects of Investment Climates on Foreign Invested Firms’ Performance: Evidence from Firm Level Data

TitleEffects of Investment Climates on Foreign Invested Firms’ Performance: Evidence from Firm Level Data
投資環境對外資企業效益的影響: 來自企業層面的證据
Authors
KeywordsInvestment Climate (投資環境)
FIE (外資企業)
Profit Growth (利潤增長)
Profit Disguising (隱瞞利潤)
Issue Date2004
PublisherScience Press (科學出版社). The Journal's web site is located at http://jjyj.chinajournal.net.cn/
Citation
Economic Research Journal, 2004, n. 9, p. 82-89 How to Cite?
經濟研究, 2004, n. 9, p. 82-89 How to Cite?
AbstractThe paper studies the effects of the investment climate (IC) on the performance of Foreign Invested Enterprises (FIEs) using firm-level data in 44 cities in China. We find that IC has significant and positive effects on the performance of FIEs. We also find that FIEs that have operated longer in China, or whose foreign investors have had more investments in China rely less on IC. The change in the performance in the data may reflect an actual change in the profit or a change in the amount of tax-driven under-reporting of the profit. Our empirical results support the former view, while only partially support the latter view.
本文利用企業層面數據 ,研究中國內地 44個城市的投資環境對外資企業效益的影響。我們發現 :一方面 ,投資環境 (尤其是法制環境 )對外資企業的效益有顯著的正向影響 ;另一方面 ,在中國經營時間長、外方投資者投資次數多的外資企業對投資環境的依賴程度比較低。數據中外資企業效益的變化可能是由于外資企業效益真正發生了變化 ,也可能是外資企業出于納稅的考慮而改變了利潤隱瞞的程度。我們的實證結果支持了前一種觀點 ,而只是部分支持了后一種觀點。
Persistent Identifierhttp://hdl.handle.net/10722/85966
ISSN

 

DC FieldValueLanguage
dc.contributor.authorBai, Cen_HK
dc.contributor.authorLu, Jen_HK
dc.contributor.authorTao, Zen_HK
dc.date.accessioned2010-09-06T09:11:17Z-
dc.date.available2010-09-06T09:11:17Z-
dc.date.issued2004en_HK
dc.identifier.citationEconomic Research Journal, 2004, n. 9, p. 82-89zh_HK
dc.identifier.citation經濟研究, 2004, n. 9, p. 82-89-
dc.identifier.issn0577-9154-
dc.identifier.urihttp://hdl.handle.net/10722/85966-
dc.description.abstractThe paper studies the effects of the investment climate (IC) on the performance of Foreign Invested Enterprises (FIEs) using firm-level data in 44 cities in China. We find that IC has significant and positive effects on the performance of FIEs. We also find that FIEs that have operated longer in China, or whose foreign investors have had more investments in China rely less on IC. The change in the performance in the data may reflect an actual change in the profit or a change in the amount of tax-driven under-reporting of the profit. Our empirical results support the former view, while only partially support the latter view.zh_HK
dc.description.abstract本文利用企業層面數據 ,研究中國內地 44個城市的投資環境對外資企業效益的影響。我們發現 :一方面 ,投資環境 (尤其是法制環境 )對外資企業的效益有顯著的正向影響 ;另一方面 ,在中國經營時間長、外方投資者投資次數多的外資企業對投資環境的依賴程度比較低。數據中外資企業效益的變化可能是由于外資企業效益真正發生了變化 ,也可能是外資企業出于納稅的考慮而改變了利潤隱瞞的程度。我們的實證結果支持了前一種觀點 ,而只是部分支持了后一種觀點。-
dc.languagechien_HK
dc.publisherScience Press (科學出版社). The Journal's web site is located at http://jjyj.chinajournal.net.cn/-
dc.relation.ispartofEconomic Research Journalzh_HK
dc.relation.ispartof經濟研究-
dc.subjectInvestment Climate (投資環境)zh_HK
dc.subjectFIE (外資企業)zh_HK
dc.subjectProfit Growth (利潤增長)zh_HK
dc.subjectProfit Disguising (隱瞞利潤)zh_HK
dc.titleEffects of Investment Climates on Foreign Invested Firms’ Performance: Evidence from Firm Level Datazh_HK
dc.title投資環境對外資企業效益的影響: 來自企業層面的證据-
dc.typeArticleen_HK
dc.identifier.emailBai, C: baic@hkucc.hku.hken_HK
dc.identifier.emailTao, Z: ztao@business.hku.hk-
dc.identifier.authorityTao, Z=rp01097en_HK
dc.identifier.hkuros107850en_HK
dc.identifier.issue9-
dc.identifier.spage82-
dc.identifier.epage89-
dc.publisher.placeBeijing (北京)-

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