主要研究結果指出中國的直接外來投資企業的來源國效應雖對其財務槓桿操作有顯著影響，但對其企業績效則無顯著關連性。因此企業績效並不因其來源國效應而產生投資經營上的管理優勢，所以企業績效則應回歸企業本身的特性因子與自身競爭優勢。因此透過管理企業本身的特性因子，如經營規模、風險控管及適當的財務槓桿規劃，才可提高企業績效。 Given the rise of changes of China's economies, more and more enterprises directly invest in China and enter into its market. Compared with non-Chinese enterprises, the Chinese enterprises are familiar with China's culture and more adaptive to China's politics and economic environment, so their performance could be better than non-Chinese enterprises. According to the past researches, Country of Origin Effect should be one of important factors in affecting the enterprise's performance and its leverage. The primary purpose of this study is to distinguish and analyze the differences of performance and leverage between the Chinese enterprises' and the non-Chinese ones' in China, and then we can discover that if Country of Origin Effect is an important factor or not.
Major results show that Country of Origin Effect definitely influences leverage of China's foreign direct investment, but not performance. The enterprise doesn't have any management advantage by their country of origin. Therefore performance will be more affected by the enterprise's managerial factors and its own competitive advantage. Accordingly, risk control, frim size and finacial leverage planning will be more related to the enterprise's performance