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自20世纪90年代以来,随着经济全球化与区域经济一体化的不断加深以及中国加入WTO,跨国公司进入我国的方式发生了重大的转变。众多知名跨国公司在华的子公司都纷纷通过外方增资扩股、收购中方股份、重组合资企业或直接投资等方式实现了控股和独资。本文应用理论模型分析了东道国吸收能力对FDI选择投资方式的影响,并且利用1996～2006年中国省际层面的相关数据,就吸收能力对FDI投资方式的决策作了初步分析。检验结果表明,东道国吸收能力对FDI独资选择有显著的正面效应。
Since the 1990s, with the continuous deepening of economic globalization and regional economic integration and China’s accession to the WTO, the way in which multinational companies have entered China has undergone major changes. Many subsidiaries of well-known multinational corporations in China have achieved controlling and sole proprietorship by means of foreign capital increase and share expansion, acquisition of Chinese shares, restructuring of joint ventures or direct investment. This paper applies the theoretical model to analyze the impact of host country’s absorptive capacity on FDI’s choice of investment method, and makes use of relevant data from 1996 to 2006 at the provincial level in China to make a preliminary analysis of the decision-making of FDI investment mode based on absorptive capacity. The test results show that the host country’s absorptive capacity has a significant positive effect on FDI sole ownership choices.