Abstract:

Based on the basic theory of the investment motivation and location selection of MNCs, this paper judges the structural characteristics of the Japanese investment motivation and compares the main motives and the evolutionary trend of the Japanese investment in China.The concept of capacity coupling in physics and the model of capacity coupling coefficient are introduced. Based on the two aspects of the temporal evolution of the whole factor environment in China and spatial difference of the factor endowment in 14 provinces, we discuss the coupling coordination relationship between the self-stated investment motivation of Japanese enterprises and the actual factor endowment. The result show that:1) Constructing the overseas production and selling network and developing the market is still the first motive to enter the Japanese enterprises in various regions. The purpose of establishing a global production and sales network, strengthening the function of regional integration gradually.2)Motivation of Japan's investment in China has been gradually upgraded.The structure of investment motivation has begun to close to the structure types of developed countries. The hierarchical characteristics of the investment motivation structure of Japanese enterprises in China, responding to the functional structure of the provinces and cities, the investment motivation from the core to the periphery of the transition from diversification to the single nature.3) The influence of Chinese traditional production factors on the location selection of Japanese enterprises has gradually weakened, and the factor endowment in the top link of the value chain is becoming more attractive to the Japanese capital. The degree of coupling and coordination between Japanese enterprises' self-reported investment motives and the real factor endowments of provinces and cities varies from place to place.On this basis, we divide the 15 major provinces and cities of the Japanese capital into five types.Key words: investment motivation; Location factor endowment; coupling and coordination; Japanese enterprises in China

摘要：

跨国公司的投资行为是国内外区位条件与企业战略和投资动机共同作用的结果。基于跨国公司投资动机与区位选择的基础理论，初步判断了近期日本对外投资动机的结构特征，对比日企在华投资的主要动机及其演化趋势，并引介物理学的容量耦合概念及容量耦合系数模型，从我国整体要素环境的时序演化和主要省份要素禀赋的空间差异两个层面，讨论日企自述投资动机与我国显示要素禀赋之间的耦合协调关系，以此探究日企在华投资动机与我国区位因素的动态耦合协调关系；判别不同省市能否充分发挥自身要素禀赋，吸引相应体量的日资企业入驻。研究发现：①日本对外投资动机持续转型调整，海外生产销售网络构建和市场开拓，仍是日资企业在各地区入驻的首位动机，而以廉价劳动力和资源等传统生产要素指向型的OFDI，则让位于架构全球生产销售网络、实现在地内部化并强化区域一体化功能的资本输出。②日本对华投资动机向海外生产销售网络构建、产品设计研发、区域一体化功能提升等方面升级调整，投资动机结构开始向发达国家的结构类型靠拢。日企在中国内部投资动机结构的层级性特征，响应各省市的现实体量和职能结构，投资动机由中心城市向外围呈现由多元化向单一性的过渡。③我国传统生产要素对日资企业区位选择的影响逐渐弱化，价值链顶端环节的要素禀赋对日资的引致作用愈发明显；日企自述投资动机与各省市显示要素禀赋的耦合协调程度各异，据此将中国15个日资集聚的主要省市划分为拮据协调、拮据勉强协调、拮据濒临失调、拮据失调、低水平耦合失调五种类型，以期为各省市充分发挥显示要素禀赋，多渠道拓展对外开放路径提供参考。

关键词: 投资动机, 区位要素禀赋, 耦合协调关系, 日本在华企业