미 중 무역 분쟁이 기업 수익에 미치는 영향 분석

다국어 초록 (Multilingual Abstract)

Since the beginning of the trade friction between the United States and China, its scope has expanded from a single product category to the entire field of trade, involving multiple aspects such as trade deficits, intellectual property protection, technological innovation, and corporate governance. These have had a broad and profound impact against the backdrop of global economic integration. As direct economic actors, enterprises' profits and operational conditions have been significantly affected in this context, necessitating in-depth analysis. Building upon existing research on the US-China trade friction and integrating performance theory, this study aims to empirically examine the specific impact of the US-China trade friction on corporate profits through a comprehensive quantitative and qualitative analysis approach. The theoretical framework, based on trade theory, proposes hypotheses that the US-China trade friction has led to significant negative impacts on the eastern region of China and the high-tech technology industry. In terms of empirical analysis, the study selects 444 listed companies as research subjects from 2010 to 2020. The total asset return on assets (ROA) and return on equity (ROE), reflecting corporate operational and capital efficiency, are taken as dependent variables of corporate financial performance. The coefficient of the US-China trade friction is taken as the explanatory variable, and corresponding regression models are constructed. Through regression analysis, the study explores the impact of US-China trade friction on corporate profits. The results show that the US-China trade friction has had a negative impact on corporate profits. This not only provides new theoretical perspectives and empirical data support for understanding the impact of US-China trade friction on corporate profits but also offers targeted policy recommendations and suggestions for future development to policymakers and corporate decision-makers. In conclusion, this study, through in-depth analysis, reveals the direct impact of the US-China trade friction on corporate operations and financial performance, providing valuable reference and insight for related fields of research. Keywords: US-China trade friction; corporate profits; empirical analysis; ROA; ROE; strategic response. * A thesis for the degree of Master in August 2024

목차 (Table of Contents)

• Ⅰ. 서론 1
• 1.1 연구 배경 1
• 1.2 연구의미 2
• Ⅱ. 선행 연구 3
• 2.1 무역이론과 무역마찰 3
• 2.1.1 유치산업보호이론 3
• 2.1.2 국제경제 왜곡이론 4
• 2.1.3 자원의존이론 5
• 2.1.4 전략적 무역정책 6
• 2.2 미 중 무역마찰 개요 7
• 2.2.1 무역마찰의 과정과 그 원인에 대한 분석 7
• 2.2.2 무역마찰이 기업에 미치는 영향 15
• 2.3 현대 기업실적 평가 방법의 발전 19
• 2.3.1 중국 지역 간의 차이와 발전 경향 20
• 2.4 미 중 무역 구제 사건 21
• 2.4.1 무역 구제 사례 연구 21
• Ⅲ. 연구 방법 26
• 3.1 연구 가설 제출 26
• 3.2 연구 방법 28
• 3.2.1 실증 분석 방법 28
• 3.2.2 문헌 분석법 29
• Ⅳ 실증 분석 30
• 4.1 데이터 30
• 4.1.1 데이터 선택 표준 및 처리 30
• 4.2 변수와 모델 구축 30
• 4.2.1 변수의 설명 30
• 4.2.2 실증모형 31
• 4.3 실증 결과 분석 32
• 4.3.1 기술 통계 결과 32
• 4.3.2 VIF 다중공선성 검사 33
• 4.3.3 상관성 분석 34
• 4.3.4 모델 검증 36
• 4.3.5 OLS 분석 37
• 4.3.6 TC에 대한 전체 표본 회귀 결과 38
• 4.3.7 TC가 중국 동부 지역 기업에 회귀 분석 결과 40
• 4.3.8 TC가 중국 하이테크 산업에 대한 회귀 분석 결과 42
• Ⅴ. 결론 47
• 5.1 연구 결론 47
• 5.2 기업에 대한 제안 47
• 참고문헌 49