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중국진출 한국 제조기업의 투자철수 결정요인 - 화북 및 동북 3성 진출 모기업의 특성 분석을 중심으로

Determinants of Korean Manufacturing Subsidiaries' Divestment from China: A Focus on the Parent Firms' Characteristics

김연우|나원찬
중국학연구회 (The Society Of Chinese Studies)|2016.02|중국학연구|제75호|pp. 159-186

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참고문헌

키워드

KoreaChinabinominal logistic regressionforeign direct divestment
주제분류중국어와문학

초록

Foreign direct investment(FDI) in China by Korean firms has greatly increased since the early 1990’s. However, the recent-deteriorating investment environment such as higher labor cost has not only shrunk the attractiveness of the potential investment in China, but caused withdrawal of the previous investments. This study analyzed factors related to the parents affecting foreign direct divestment (FDD) by Korean firms in China by setting up hypotheses based on the previous literature and by conducting empirical analysis using secondary data on Korean manufacturing subsidiaries divested from China during the period between 2008 to 2014. The research results show that among others, the parents’ monopolistic advantage, financial status, and size are the most significant determinants of FDD. This study may contribute to advancing theoretical research on FDD and formulating relevant firm and government policies on this issue.

Abstract

Foreign direct investment(FDI) in China by Korean firms has greatly increased since the early 1990’s. However, the recent-deteriorating investment environment such as higher labor cost has not only shrunk the attractiveness of the potential investment in China, but caused withdrawal of the previous investments. This study analyzed factors related to the parents affecting foreign direct divestment (FDD) by Korean firms in China by setting up hypotheses based on the previous literature and by conducting empirical analysis using secondary data on Korean manufacturing subsidiaries divested from China during the period between 2008 to 2014. The research results show that among others, the parents’ monopolistic advantage, financial status, and size are the most significant determinants of FDD. This study may contribute to advancing theoretical research on FDD and formulating relevant firm and government policies on this issue.

참고문헌 (50)

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