跨国并购与我国企业技术进步的相关性分析

近年来，跨国并购逐渐成为我国企业国际化发展以及构建核心竞争能力的重要途径，而跨国并购能否对我国企业的技术进步起到积极的作用则成为理论研究的热点问题。针对此，采用全要素指标体系，分析了1991~2007年全要素增长率与跨国并购增长率之间的关系，认为:跨国并购的变化对技术进步具有一定的影响关系，但是由于技术并购在对外投资中的比重偏低，过分重视了技术的引进，忽视了技术的吸收消化过程等因素的影响，因此这种影响的效果并不显著。

The Correlation Analysis between Cross-border M & A and Corporate Technological Progress of China

In recent years, international mergers & acquisitions have become the most important way of internationalization for many Chinese firms. The impact of international mergers & acquisition is one of the important topics in academic studies. This article conducts an empirical study with total factor indicators on technological progress from the perspective of cross-border mergers and acquisitions. It takes Chinese enterprises as the object, choosing the TFP data from 1991 to 2007 statistics. The conclusions obtained through the Granger causality test are: the changes of cross-border M&A technology advances have an impact on technological progress, but the effect of this influence is not obvious. The reason was mainly due to low proportion of foreign investment in technical acquisition, over-emphasizing on the introduction of technology, ignoring the absorption and digestive process of technology and so on.