【摘要】 同跨国公司相比,国内企业的融资能力受到资本市场的限制,这削弱了其参与研发竞争的能力。本文建立了一个动态博弈模型来分析这一状况。研究表明,跨国公司存在一种研发竞争策略,即通过更激进的产品市场攻势,来对国内企业施加融资限制,进而扩大其研发竞争优势。这一策略增加了跨国公司垄断技术产品市场的可能性。更多还原

【Abstract】 Compared with multinational corporations,China’s domestic firms are faced with more financing constraints.This may weaken their capacities to be engaged in R&D competition.We build a dynamic game model to formalize this situation.Our results show that there is a R&D competition strategy,by which multinational corporations are engaged in more aggressive product market competition to impose stronger financial constraints on domestic firms,so that they can increase their advantage in R&D.This strategy can increase the probability that multinational corporations monopolize product markets.更多还原