Chinese FDI in Africa

아프리카에 진출한 중국기업의 해외직접투자에 관한 연구

Since the reform and opening up in 1978, Chinese economy has been increasing rapidly with a high growth rate, but after 2012 the growth rate decreased as the reform of economic system. While economy in Africa began booming since 2000. Influenced by Global Financial Crisis and European Debt Crisis, economy in Africa slightly slowed down, but it was rebounding apparently from 2010. The urgent demand for energy and the sharp increasing in foreign exchange reserve pushes China to seek overseas markets. As Africa keeps a well relationship with China and the complementarity between China and Africa economy, Africa becomes one of the target markets for China's foreign development. Recently more and more enterprises begin to invest in Africa market. But till now the study on Africa mainly focuses on theoretical research based on real cases, and empirical research are very few and need to be increased. This thesis studies the influence of enterprise feature; local market feature and investment in foreign market on the result satisfaction of Chinese enterprises that invest in Africa markets. At the same time this thesis also studies and analyzes the market access strategy and marketing strategy for Chinese enterprises after entering overseas markets and put forward effective recommendation and suggestion for these enterprises. In order to proceed this study, 317 Chinese enterprises which invest in Africa have been investigated by me. And frequency analysis, reliability analysis, factor analysis, and simple regression analysis have also been conducted by SPSS18.0 APP to verify the hypothesis. The study result suggests that onlu investment in foreign market affects the Performance satisfaction of Chinese enterprises. And the market access strategy and marketing strategy play a role of the mediational effects when Chinese enterprises are investing in Africa.

본 연구는 중국에 진출한 아프리카기업의 내생변수인 해외시장몰입이 마케팅전략과 시장진입전략에 어떤 영향을 미치는지를 실증분석 하였고, 해외시장몰입과 기업성과만족도의 상관관계분석을 살펴보았다. 해외시장몰입은 중국기업의 성과만족도에 유의한 정(+)의 영향을 보였다. 시장진입전략과 마케팅전략은 중국기업이 아프리카에 해외직접투자를 진행할 때 기업의 해외시장몰입도에 완전매개효과로 나타났다. 또한 중국기업이 해외활동을 진행할 때 시장진입전략과 마케팅전략의 효과를 분석 검증해 봄으로써 앞으로 아프리카에 직접투자 시 효과적인 제안 및 시사점을 제시하였다.