日本企业跨国并购的生产率效应

doi:10.14156/j.cnki.rbwtyj.2019.01.004

日本问题研究 ›› 2019, Vol. 33 ›› Issue (1): 32-43.DOI: 10.14156/j.cnki.rbwtyj.2019.01.004

日本企业跨国并购的生产率效应

丁一兵，刘紫薇

吉林大学中日经济共同研究中心，吉林长春 130012；吉林大学中国国有经济研究中心，吉林长春 130012

收稿日期:2018-09-10 出版日期:2019-02-25 发布日期:2019-02-25
作者简介:丁一兵（1973—），男，湖北武汉人，研究员，博士生导师，主要从事世界经济研究。
基金资助:
国家社科教育部重点研究基地重大项目“中国国有企业国际化发展研究”（17JJD630001）；国家社科基金专项重大项目“‘一带一路’建设过程中推进金融创新与金融保障体系研究”（17VDL012）；吉林大学重点研究基地重大项目“安倍经济学的前景及其对中日经济关系的影响”（2014PT005T）

The Productivity Effect of Japanese Enterprises CrossBorder M&A

DING Yibing, LIU Ziwei

SinoJapanese Joint Center of Economic Research, Jilin University, Changchun, Jilin, 130012, China; Center for China Public Sector Economy Research, Jilin University, Changchun, Jilin, 130012, China

Received:2018-09-10 Online:2019-02-25 Published:2019-02-25

摘要/Abstract

摘要： 利用2009—2016年间日本微观数据，采用PSMDID方法，系统评估日本企业跨国并购生产率效应的研究结果表明，跨国并购有利于促进日本企业生产率进步，这种促进作用呈现逐年减弱的趋势。进一步地，从企业异质性和东道国特征两个方面细分考察异质性跨国并购生产率效应的差异后可以发现，日本制造业企业和服务业跨国并购能推动并购企业生产率增长；并购东道国为发达国家时，跨国并购抑制企业生产率提升，东道国为发展中国家时，跨国并购促进生产率进步。

关键词: 日本企业, 跨国并购, 生产率, PSM-DID

Abstract: To examine the effect of crossborder M&As on the productivity of Japanese enterprises, the paper uses PSMDID method to analyze Japanese crossborder M&A activities from 2009 to 2016. It found that crossborder M&As significantly increased the productivity of enterprises, but the effect became weaker and weaker with the passage of time. Enterprise heterogeneity and characteristics of the host country have a great influence on the effects. Crossborder M&As improve the productivity of manufacturing and service enterprises. Enterprises that engaged in crossborder M&As in developing countries acquired more productivity gains than those in developed countries.

Key words: Japanese enterprise, crossborder M&A, productivity, PSM-DID

中图分类号:

F279.1

丁一兵，刘紫薇. 日本企业跨国并购的生产率效应[J]. 日本问题研究, 2019, 33(1): 32-43.

DING Yibing, LIU Ziwei. The Productivity Effect of Japanese Enterprises CrossBorder M&A[J]. JAPANESE RESEARCH, 2019, 33(1): 32-43.

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日本企业跨国并购的生产率效应

The Productivity Effect of Japanese Enterprises CrossBorder M&A

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