浅析跨国公司在华投资的独资化倾向

随着"后WTO时代"的到来,跨国公司开始积极调整其在华投资的战略。本文显示了新时期下,跨国公司通过新设、扩股和并购进行独资化经营的证据,透视出外部市场和企业内部存在的交易成本是其走向独资的根本原因,并构建了简单的模型,对比合、独资前后的收益变化来证明跨国公司独资的逻辑。跨国公司独资化倾向是经济规律的必然结果,应趋利避害采取相应的对策。

The ＂late WTO era＂ sees China realizes its commitments of entering WTO gradually, with market opening in various areas. Meanwhile the transnational companies in China are seeking to adjust their investment strategies in line with the liberal polices. The article shows the evidence of their wholly- owned trend, figures out that the transaction cost is the main reason and come up with a model to justify the logic to become a wholly - owned company. Finally, this is due to the law of economics and we should take it objectively instead overreacted. Some countermeasures will help deal with the issue.