The Impact of Financial Constraint on the Private Enterprises’ OFDI
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Financial constraint is the primary problem for the private OFDI enterprises. In the help of China’s private enterprises “going out” and competitiveness survey data, we test the bivariate marginal effects of financial constraint on enterprise's OFDI. The conclusion found that financial constraint is the important factor for the extensive margin of private enterprises’ OFDI, however the impact of financial constraint on private enterprise’s OFDI intensive margin is not significant.
Financial constraints; OFDI; Extensive margin; Intensive margin