Although prior research has highlighted the importance of foreign direct investment (FDI) on a country’s internationalization, it has largely focused on developed…
Although prior research has highlighted the importance of foreign direct investment (FDI) on a country’s internationalization, it has largely focused on developed countries. As a result, the FDI performance of a developing country, which differs fundamentally from that of developed countries in their environment, remains unclear. Under the newly development environment, the traditional FDI theories have been challenged by the increasing investments from emerging and transition economies. The theory system needs a fresh situation’s supplement urgently.
On the basis of a literature review, this paper constructed an empirical model to further study the moderating effects of context-specific factors on the influence of inbound foreign direct investment (IFDI) on outbound foreign direct investment (OFDI). China was chosen as the representation of a developing country, and its data of mutual investments with 125 countries from 2003 to 2014 were used to carry out hypothesis testing.
The analysis and results of this paper suggested: first, for China, the overall influence of IFDI on OFDI is positive. That is to say, IFDI’s positive spillover effect is greater than the negative competition effect. Second, innovational distance’s effect on FDI is complicated. It can either be positive or negative, which calls for further investigation. Third, economic distance negatively affects OFDI and negatively moderates IFDI’s effect on OFDI, especially the export. To some extent, the moderating effect that resulted from the competition effect will reduce overseas investment by extruding some of the local enterprises. Fourth, cultural distance’s effect is closely related to the spillover effect that will positively moderate IFDI’s influence on OFDI.
This paper enriched the international investment theoretical system by adding a mechanism of multiway international investment of a developing country. The research also has a guiding significance for developing countries’ governments in coordinating mutual international investments. Also, these results have important implications for how policymakers promote OFDI and put forward new theoretical avenues for conceptualizing the internationalization process.
The purpose of constructing the technology/function matrix is to analyze the patents in the target domain. The extraction of technology words is an important part of the…
The purpose of constructing the technology/function matrix is to analyze the patents in the target domain. The extraction of technology words is an important part of the construction of technology/function matrix. This algorithm is used to solve the problem of low efficiency of traditional Chinese process patents technology words extraction.
The authors propose a Chinese process patents technology words extraction method based on the improved term frequency–inverse document frequency (TF-IDF) algorithm to help technicians obtain the technology words in the target domain. According to the characteristics of Chinese process patents technology words, the TF value of candidate technology words is divided into four parts, and the corpus of IDF value calculation of candidate technology words is selected.
Through the test of Chinese process patents in the domain of path planning, this study shows that the method is feasible and practical. It can help users quickly and accurately obtain the technology words of Chinese process patents in the target domain.
With the increasing number of patents on the network-based patent information platform, patent analysis of massive Chinese process patents has become a research focus. The method proposed in this paper can facilitate users to extract technology words from massive Chinese process patents for patent analysis.
This paper aims to improve the efficiency of Chinese process patents technology words extraction. The authors hope that the proposed method can reduce the labor and time cost of Chinese process patents technology words extraction.