| Summary: | 碩士 === 國立東華大學 === 國際企業學系 === 107 === China belongs to a developing country. If it is necessary to create more profits, it needs to attract the developed countries to invest, and the vast market also creates high levels of trade with other countries and direct overseas investment. This also leads to China’s economic growth. Indispensable motivation. Therefore, this article attempts to explore the extent to which the Compounded Distance influences the amount of direct investment by empirical research. This study is based on the CAGE model, and in 20 countries of China's major overseas direct investment in the past seven years (2011-2017), to explore whether their direct overseas investment with China has a direct relationship with the change of the country from CountryDistance. This research uses the data recorded by the Ministry of Commerce of the People's Republic of China and is divided into two-way overseas direct investment in China for discussion purposes. It also uses the CAGE model to analyze the behavior between China and its overseas direct investment countries. The results of this study show that composite distance rafts do have a considerable impact on the amount of overseas direct investment between countries. In addition, this study also found that the past research results between geographical distance and foreign direct investment are consistent with the results of this study, which means that the larger the geographical distance between the two countries, the smaller the amount of overseas direct investment between the two countries.
Keywords: CAGE model, compound distance, international trade, national culture, overseas direct investment (FDI), direct investment in China
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