Sponsor(s): Institute of Industrial Economics of CASS
12 issues per year
Current Issue: Issue 03, 2020
Journal official website:http://www.ciejournal.org/
China Industrial Economics is supervised by Chinese Academy of Social Sciences, and sponsored by Institute of Industrial Economics, Chinese Academy of Social Sciences. It aims to report researches on industrial economics and business management, and to reflect outstanding research results on Chinese industrial economy and enterprise development. The scope covers national economy, industrial economy and business management. The journal is included in CSSCI, and is the top journal in the field of industrial economics in China.
Shi Dan, Li Haijian
China Industrial Economics,2020,No. 03
Based on the theory of cross-border M&A and human capital mobility, this paper conducted a theoretical analysis and empirical test on the nonlinear relationship between the global mobility of China’s human capital and firm performance and discussed the moderating roles of cultural difference and internet development. Using cross-border M&A records and immigration data of human capital, this paper tested hypotheses with the generalized propensity score matching method. Depicted by the dose response function, the effect was proved to be inverted U-shaped. In detail, the promotion effect of technological human capital was weaker than that of business human capital. Migrants to developed countries had a great contribution to productivity. Moreover, the greater the cultural difference was, the more prominent the role of human capital would play. ICT positively moderated the relationship between mobility of human capital and firm productivity. This paper focused on the positive interaction between human capital and physical capital, provided micro-level empirical evidence for assessing firm performance, and proposed useful suggestions for achieving high-quality economic growth through further opening up.