CAJ | 학술논문

本文从资源基础理论出发，在综合与继承代表性国际直接投资理论核心思想的基础上，构筑了能力资源整合理论的分析框架，将企业对外投资的区位选择与企业自身所具有的能力资源、投资动机结合起来进行考察，并对企业对外投资的区位选择进行了分析。该分析框架从动态的角度提出了能力资源的概念，把能力资源的拥有与海外资源的获取有机地联系起来，将优势利用论与优势获取论统一在一个模型当中，使我们能够逻辑一致地解释各种类型国家企业的多种跨国经营行为。最后，以万向集团为例进行案例与实证分析，以检验理论的正确性。本文的结论是，能力整合理论分析框架能够很好地解析企业海外投资活动的各种方式和全部过程，具有普遍的适用性，能够为我国企业开展海外投资活动提供科学的理论指导。
본문종자원기출이론출발，재종합여계승대표성국제직접투자이론핵심사상적기출상，구축료능력자원정합이론적분석광가，장기업대외투자적구위선택여기업자신소구유적능력자원、투자동궤결합기래진행고찰，병대기업대외투자적구위선택진행료분석。해분석광가종동태적각도제출료능력자원적개념，파능력자원적옹유여해외자원적획취유궤지련계기래，장우세이용론여우세획취론통일재일개모형당중，사아문능구라집일치지해석각충류형국가기업적다충과국경영행위。최후，이만향집단위례진행안례여실증분석，이검험이론적정학성。본문적결론시，능력정합이론분석광가능구흔호지해석기업해외투자활동적각충방식화전부과정，구유보편적괄용성，능구위아국기업개전해외투자활동제공과학적이론지도。
Based on typical FDI theories, the article establishes the Capable Resource Integration theory （CRI）. It analyzes the location choice combined with enterprises＇ capable resource and foreign investment motives as well as that of enterprises＇ foreign investment. The authors put forward the definition of the Capable Resource from a dynamic angle, connect the owning of Capable Resource with the obtaining of overseas resources, and put the theory of advantage utilization and advantage acquisition in one model. CRI theory enables us to explain different transnational behaviors and process of enterprises in various types of countries. At last, the case study of Wanxiang group aims to empirically apply the theory. The conclusion is that CRI theory has universal applicability and provides theoretical support on developing overseas investments of Chinese enterprises.