Nghiên cứu quy mô của doanh nghiệp FDI đầu tư vào tỉnh Khánh Hòa

33f,£

B(> GIAO Dl)C v A DAO T40

TRUONG D41 HQC MO THANH PHO HO CHI MINH

-----------------------------------

VO TAN THAI

NGHIEN CUU QUY MO CUA DOANH NGHI¥P

FDI DAU TU V Ao TiNH KHANH HOA

CHUYEN NGANH

MA SO CHUYEN NGANH

: KINHTEHQC

: 60 03 01 01

TRlfllNG D~I HOC Md TP .HCM

THU' VleN

LUAN VAN THAC Si KINH TE HOC

• • •

NGVOI HVONG DAN KHOA HOC

PGS.TS. LE BAO LAM

Thanh phA HB Chi Minh, nam 2014

LOI CAM DOAN

Toi cam doan r&ng lu~n van nay "Nghien cuu quy mo ctia doanh nghi~p FDI dAu

tu vao tinh Khanh Hoa" la k~t qua nghien ciru ctia chinh toi.

Ngo~i trir nhfrng tai li~u tham khao duqc trich d~n trong lu~n van nay, toi cam

doan r&ng toan phAn hay phAn nho cua Iu~n van nay chua tirng duqc cong b6 ho~c

duqc su d\lllg d~ nh~n b&ng cdp 6 nhfrng ncri khac.

Khong co nghien Clru nao ctia nguoi khac duqc SU d\lllg trong lu~n van nay ma

khong duqc trich d~n theo dung quy dinh.

Lu~n van nay chua bao gio duqc n<)p d~ nh~n bdt ky b&ng cdp nao t~i cac truang

d~i h9c ho~c ccr so dao t~o khac.

Thanh ph6 H6 Chi Minh, nam 2014

Vo Tdn Thai

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LOI CAMON

Toi xin.chan thanh cam on Thfiy Le Bao Lam da t~n tinh hu6ng d~n, truySn de.it

kien thuc va kinh nghi~m cho tf>i trong su6t thcri gian thµc hi~n d~ tai nghien Clru nay.

Toi cilng xin gui lcri cam on chan thanh Ban giam hi~u nha truang, quy thfiy co

cua khoa sau Be.ii h9c truang Be.ii h9c Mo thanh ph6 H6 Chi Minh da truySn de.it cho toi

nhiSu ki~n thuc quy bau trong thcri gian tOi theo h9c t~i day.

Sau cimg, toi xin chan thanh cam on sµ d9ng vien ling h9 cua nhfrng ngucri than

trong gia dinh, nhiing ngucri b~n, nhiing d6ng nghi~p da t~n tinh h6 trq, g6p y va giup

da toi trong su6t thcri gian h9c t~p va nghien ctru lu~n van

Kinh chuc qui Thfty Co, be.in be, d6ng nghi~p va nhfrng ngucri than sue khoe, h~nh

phuc va thanh cong.

Xin tran tr9ng cam on.

Thanh ph6 H6 Chi Minh, nam 2014

Vo Tful Thai

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TOM TAT

Du 6 d.p de) qu6c gia hay 6 cftp de) dia phuong, dfiu tu trµc ti6p nu6c

ngoai (FDI) luon nh~n dugc sµ quan tam d~c bi~t b6i sµ dong gop to 16n cua dong v6n

nay t6i sµ phat tri~n cua dia phuong noi rieng va cua qu6c gia noi chung. Tuy v~y,

trong qua trinh thu hut FDI cua Khanh Hoa ciing cfin phai kS dSn m()t s6 h~n chS nhu

lugng v6n dang ky thu0ng cao hon s6 v6n thµc tS giai ngan, sµ dong gop cua FDI vao

tang tru6ng cua Khanh Hoa la chua thµc sµ nhu ky v9ng, t6ng v6n dfiu tu cua dµ an

tuong d6i thftp, chu ySu t~p trung vao khai thac diSm m~nh tµ nhien cua Khanh Hoa la

thuy san va du ljch. Day v6n la nhfrng ngu6n d~c lgi v6n co gi6i h~n. Khi Khanh Hoa

d~t t6i gi6i h~n do thi vi~c thu hut them FDI se th~t sµ kho khan hon.

D6 tai "Nghien cfru quy mo cua doanh nghi~p FDI dfiu tu vao tinh Khanh Hoa"

dugc thµc hi~n d~ tim hi~u quy mo cua cac doanh nghi~p FDI dAu tu t~i Khanh Hoa va

tim ra cac nhan t6 anh hu&ng t6i v6n FDI cua tinh Khanh Hoa, dµa tren cac ly thuySt

n6n vS FDI ciing nhu cac nghien cfru thµc nghi~m cua Colombo va Grilli (2005) va

Nguy~n Minh Ha va ctg (2014).

DS tai nay thµc hi~n tren be) dfr li~u g6m 70 doanh nghi~p FDI dang ky thanh

l~p t~i Khanh Hoa tir nam 1990 d6n h6t nam 2013 va sir dµng mo hinh binh phuong t6i

thi~u (mo hinh OLS). Cac bi~n s6 d()c l~p trong mo hinh bao g6m: Thai h~n dAu tu,

Lo~i hinh dang ky kinh doanh, Nganh kinh doanh chinh, v6n vay dµ tinh dS dAu tu

them tren v6n chu s6 hfru, v6n vay tren t6ng v6n dAu tu, DC) tu6i cua CEO, Gi&i tinh

cua CEO, T6ng s6 nha dAu tu, s6 nha dAu tu t6 chuc, s6 nha dAu tu nu6c ngoai, V6n

gop nha dAu tu t6 chuc, V6n gop nha dAu tu nu6c ngoai, Tham gia xuftt khfiu. Bi~n s6

phµ thu()c trong mo hinh la v6n dang ky cua doanh nghi~p FDI.

KSt qua cho thfty cac bi~n: T6ng s6 nha dftu tu, Nha dftu tu t6 chuc, Nha dftu tu

nu6c ngoai, V6n dftu tu t6 chuc, V6n dftu tu nu6c ngoai, Don bfiy tai chinh co tac d()ng

cung chi~u d6i v6i v6n FDI dang ky cua doanh nghi~p. Ngugc l~i cac biSn s6 nhu V6n

vay tren v6n chu s6 hfru hay biSn Xuftt khftu anh hu6ng ngugc chi~u d6i v&i v6n dang

ky.

Dµa tren kSt qua cua mo hinh, nghien cuu kiSn nghi m()t s6 n()i dung dS thu hut

FDI v6i quy m6 dAu tu 16n ding nhu dam bao hi~u qua dAu tu cho cac doanh nghi~p

FDI dAu tu va ho~t d()ng san xuftt kinh doanh tren dia ban tinh Khanh Hoa.

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MVCLVC

Trani

Lffi CAM DO AN ........................................................................................................... 1

L ;.n ?

v• CAM ON' ............................................................................................................... ii

TOM TAT ... •••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••······ Ill

MVC LVC ..................................................................................................................... iv

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DANH MVC BANG ......•.....•........................................................................................ vi

DANH MVC cAc HINH . ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••VI

CUUON'G 1: Giffi THI,.t.U •.•...•.•...•....•.....•....•....•......•....•....•..•.••.••.............................. 1

1.1 Tinh cfip thi6t cua d6 tai nghien cinl .............................................................. 1

1.2 Ml)C tieu nghien cini ....................................................................................... 2

1.3 Cau hoi nghien cinl ....................................................................................... :2

1.4 E>6i tuqng va ph~m vi nghien cini .................................................................. 2

1.5 Phuong phap nghien cinl ................................................................................ 2

1.6 y nghia cua d6 tli ........................................................................................... 3

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1.7 Ket cau cua de tai ........................................................................................... 3

TT'. .., , z.

CHu ON'G 2: CO SO LY THUYET •.....•....•...••...•...•.•...•..•.•..•.•..••..••.........•..•............... 4

2.1 T6ng quan ly thuy6t FDI. .............................................................................. .4

2.1.1 L , h /,.t A ~ /,. A b. A /,. 4 y t uye ve nang suat c~n 1en von ........................................................ .

2.1.2 Ly thuy~t chu ky s6ng cua san ph~m ........................................................ .4

2 1 3 L , th /,.t A • • d h , t t . ;< , FDI 5 . . y uye ve gia1 o~n p a nen cua ................................................ .

2.1.4 Ly thuy~t chi~t trung hay mo hinh OLI cua Dunning (1979) .................... 5

2.1.5 Ly thuy~t cac giai do~n phat tri~n d~u tu cua Dunning (1980) ................. 6

2.2 L , th /,. A ' , h. ' y uyet ve rao can t l truong ...................................................................... 7

2.2.l PhA I . , ' ' hA hA h. ' an 0~1 cac rao can t am n ~p t i truong .............................................. 7

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2.2.2 Rao can thi truang va quy mo thanh l~p doanh nghi~p ............................. 8

2.3 Ly thuy€t v€ d~c di€m doanh nghi~p anh hu<mg d6n FDI. ............................ 9

2.3.1. D~c di€m cua cong ty m(( .......................................................................... 9

2.3.2 D~c di€m cua doanh nghi~p FDI ............................................................. 11

24 M At /.. h•A , , 1·A ~FDI 16 . Q so ng 1en cuu co 1en quan ve ...................................................... .

2 4 1 C ' h• A ' '• ' 16 . . ac ng 1en cuu ngoa1 nuac .................................................................... .

2.4.2 Nhfrng nghien cfru v€ thu hut v6n FDI tt;ti Vi~t Nam .............................. 21

2.5 Mo hinh nghien Clru de xuftt ........................................................................ 27

CHUONG 3: PHUONG PHAP NGHIEN ciru v A DU LI~U NGHIEN ciru .. 29

3.1 Quy trinh nghien Clru ................................................................................... 29

3.2 Mo hinh nghien cfru cac y€u t6 anh hu6ng v6n FDI ................................... 29

3.3 Cac gia thuy€t nghien Clru ........................................................................... )2

3.4 Dfr li~u nghien Clru va each lfty dfr li~u ....................................................... .36

3.4.1 Phuang phap thu th~p dfr li~u .................................................................. 36

3.4.2 Phuang phap xu ly s6 Ii~u ....................................................................... 36

CHUONG 4: PHAN TICH KET QUA NGHIEN CUu .......................................... 37

4.1 Mo ta th6ng ke cac bi~n trong mo hinh nghien Clru .................................... 37

4.2 Tuang quan cac bi€n trong mo hinh nghien cuu ........................................ .43

4.3 Phan tich k~t qua h6i qui ............................................................................. .45

CHUONG 5: KET LU~N VA KIEN NGHJ ............................................................. 52

5.1 K~t lu~n ........................................................................................................ 52

5 .2 Ki~n nghi ...................................................................................................... 54

' - ? TAI LI~U THAM KHA0 ........................................................................................... 56

PHV LVC ..................................................................................................................... 62

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DANH MVC BANG

Bang 2.1. T6ng hqp cac ySu t6 thu hut v6n d~u tu FDI trong cac

h. ~ , , 25 ~g 1en cuu truac ........................................................................... .

Bang 3.1. Tom t~t vi~c do luemg cac biSn s6 .................................................... 34

Bang 4.1. Linh V\fC san xu~t kinh doanh chinh ................................................. 37

Bang 4.2. Ho~t d9ng kinh doanh chinh cua doanh nghi~p ............................... 38

Bang 4.3. Lo~i hinh doanh nghi~p .................................................................... 39

Bang 4.4. Doanh nghi~p tham gia vao ho~t d9ng xufit kh~u ............................. 40

Bang 4.5. Th6ng ke cac biSn s6 djnh luqng th~ hi~n d~c di~m

cua doanh nghi~p FDI.. ................................................................. 41

Bang 4.6. Phan tach m9t s6 biSn s6 dinh tinh theo v6n di~u I~

va t6ng v6n FDI ............................................................................ 42

B ' 4 7 a· '. ' h ' ' . , I ' d h h' ~ 43 ang . . w1 tm cua ngum quan y oan ng i~p ...................................... .

Bang 4.8. Phan tich ma tr~n tuang quan ........................................................... 44

Bang 4.9. KSt qua hdi quy ................................................................................. 46

Bang 4.10. KSt qua hdi quy d~ xu ly hi~n tuqng phuang sai sai s6

thay d6i cho ca hai mo hinh .......................................................... 4 7

DANH MVC cAc HINH

Hinh 2.1. Mo hinh nghien elm ........................................................................... 28