Foreign Ownership and International Trade Performance in China

作     者：Zhiyuan Li Yichun Lin Mingyao Xu Zhiyuan Li;Yichun Lin;Mingyao Xu

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.