Analyze the Formation and Governance of MNCs Network from the Perspective of Value Chain Integration

摘要：

Network formation and governance of MNCs is an important research field and direction. Some researchers have analyzed and discussed this problem by applying Transaction Cost Theory. In this paper, the authors analyzed the formation and governance of MNCs network with specific investment and game extension theory from a perspective of global value chain integration. The paper finds that value chain specific investment is an irrevocable network collateral, with the increment of network specific investment, the embedding degree of the suppliers on the value chain will be deeper, which will help to form and expand the network of MNCs. The selfenforcing constraint function of value chain specific investment can overcome the opportunism to a large extent because of the imperfectness of contract. Value chain specific investment plays an important role, which cannot be neglected in the governance of MNCs network, and the self-enforcing mechanism exists at the beginning of network emergence.

关键词： MNCs network (Multinational Corporations network) Value chain Specific investment Eztension of game theory

作者: FAN Libo WU Yongzhi WU Yiming

作者单位: International Business School, University of International Business and Economics, Beijing, China,10 MBA Education Center, Guangdong University of Foreign Studies, Guangzhou, 510420

会议类型: 国际会议

会议名称: The 5th International Sympsium for Corporate Governance(第五届公司治理国际研讨会)

会议地点: 天津

会议语种:英文

页码: 929-937

在线出版日期: 2009-09-01（万方平台首次上网日期，不代表论文的发表时间）