Foreign Ownership and International Trade Performance in China
作者机构:School of EconomicsFudan University Shanghai Institute of International Finance and EconomicsChina School of EconomicsFudan UniversityChina
出 版 物:《China & World Economy》 (中国与世界经济(英文版))
年 卷 期:2024年第32卷第2期
页 面:42-72页
核心收录:
学科分类:02[经济学] 0202[经济学-应用经济学] 0201[经济学-理论经济学] 020206[经济学-国际贸易学]
基 金:This work was supported by the National Natural Science Foundation of China(Nos.72273035,72121002,and 42341205) the Major Project of the Key Research Base of the Ministry of Education,China(No.22JJD790012)
主 题:domestic acquisition foreign acquisition foreign ownership international trade performance
摘 要:We investigate the causal relationship between foreign ownership and international trade performance by comparing foreign-acquired firms with similar domestic-acquired firms in China with regard to changes in their post-acquisition international trade *** findings indicate that foreign ownership significantly enhanced the probability of both exporting and importing,and strongly increased trade *** ownership took effect from the year of the acquisition and persisted for at least 2 *** stimulated both processing trade and ordinary trade,and expanded products and trading ***-acquisition trade performance also exhibited heterogeneity based on the different pre-acquisition and post-acquisition *** for the underlying mechanisms,we show that firms experienced significant output expansion,increased export dependence,and eased financial constraints after foreign acquisition.