政治风险、自由贸易环境与我国企业OFDI地理布局——基于央企与地方企业的比较研究

摘要 针对近年来我国OFDI逐年增加的现实，从央企和地方企业的细分角度对OFDI地理布局问题进行分析，定量研究政治风险、自由贸易环境等因素的影响，其结果表明，双边自由贸易协定以及投资协定的签署对中国企业OFDI起到了显著的促进作用;央企向高风险地区进行OFDI的倾向要高于地方企业，市场与资源驱动是影响地方企业OFDI的关键因素。因此，有关方面应当加快自由贸易区协定以及双边投资协议的谈判和签署，重视我国企业OFDI中的政治风险，加大对地方企业OFDI的支持和引导。
Abstract： Aiming at the increasing OFDI(Outward Foreign Direct Investment) of Chinese enterprises in recent years, this paper explores the geographical layout of OFDI from the perspective of central and local enterprises quantitatively. The study indicates that bilateral free trade agreements and investment agreements significantly promote China firms' OFDI. The central enterprises have more tendency to make OFDI in the higher-risk countries or regions than local enterprises. Both the market and resource factors have significant impact on the local enterprises' OFDI. China should speed up the free trade agreements and investment treaty negotiations with other countries, focus on the political risks of OFDI, and support and guide the local enterprises' OFDI.