| 研究課題/領域番号 |
21K20161
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| 研究機関 | 早稲田大学 |
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研究代表者 |
菊地 朋生 早稲田大学, 国際学術院(アジア太平洋研究科), 准教授 (60906527)
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| 研究期間 (年度) |
2021-08-30 – 2023-03-31
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| キーワード | Multinationals / Chinese banking FDI / Manufacturing FDI / Credit constraints |
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| 研究実績の概要 |
We investigate the relationship between bank FDI and manufacturing firm FDI
using a detailed firm-level dataset on outbound multinational activity from China that was contemporaneous with the global expansion of China's Big-5 banks. Adopting an event study approach that exploits information on years of entry across potential host countries, we find that the establishment of a Big-5 bank subsidiary or branch is associated with a significant increase in subsequent years in Chinese firms'likelihood to establish an overseas subsidiary in that host country. We present tests - including an instrumental variables strategy - that build a case that the relationship from China's bank FDI to firm FDI is causal in nature.
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| 現在までの達成度 (区分) |
現在までの達成度 (区分)
2: おおむね順調に進展している
理由
Covid19 prevented us to meet face-to-face but we have held our research meetings online.
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| 今後の研究の推進方策 |
We will update the tables and figures and complete drafting the manuscript for submission to a top field journal.
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| 次年度使用額が生じた理由 |
Covid-19 prevented me to invite my co-authors to Waseda to work on the project. We will hold our meetings online and seek opportunities to present our work online in the coming year.
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