Asset Specificity,Culture Difference and Foreign Capital Entry Model:the Analysis Based on Transaction Cost Theory
基于交易成本理论，利用598家外资企业数据，研究交易成本（如技术、经验、文化差异）如何影响外资进入模式选择，发现交易成本理论能有效解释该选择。
MA is an important means for foreign capital entry into the host nation.In this article,based on transaction cost theory,using a dataset of 598 foreign-funded enterprises,the authors develops an discrete dependent variables model to examine the impact of transaction cost,measured by multinational corporation's relative technique,presence in China,MA experience,and Hofstede index,on the entry mode of foreign enterprises. Finally,the authors find that the transaction theory can powerfully explain the entry mode choice of foreign enterprises.