FDI, Linkages and the Efficiency of State-Owned Enterprises in China
利用微观数据集研究中国国企是否从跨国公司的管理、技术和组织技能中受益，发现正向溢出效应不显著，主要原因是区域关联有限和吸收能力低。
Abstract As China seeks to consolidate its position as an emerging global economic power, reforming the largely inefficient state-owned enterprises (SOEs) presents a major challenge. Using a comprehensive micro data set, we investigate whether SOEs in China have benefited from the managerial, technical and organisational skills possessed by multinational firms operating in the economy, and conclude that the evidence in favour of positive spillovers is not overwhelming. Limited regional linkages and low level of absorptive capacity are found to be the main reasons for this disappointing performance. Policy makers involved in the reform of SOEs should ensure that managers have the right incentives to make long-term investment in absorptive capacity development.