The Study Of Foreign Investment Governance Structure And Its Spillover Effect

At the background of economic globalization, more and more foreign investors selected to invest in China by group. Group investment refers to an investment model, of which enterprises scattering in the same industry chain, differing in the value chain, possessing collaborative relationship, invest in a cluster place and reconstruct industry chain, in order to reduce production and transaction costs, share the benefits of specialization and agglomeration economies.In this paper, the characteristics mode of governance structure for foreign investment groups is the main line throughout the text. First introduced the causes and factors of the governance structure of foreign group investment. On this basis, for the increasing scale of foreign group investment, proposed four models of governance structure for foreign group investment: market, collaborative, captive, Hierarchy. Analyze the character of governance structure from the four dimensions of co-motivation, cooperation mode, cooperation content, and spillover effect. We select the corresponding cases as proof, and sum up the characteristics pattrens of governance structure for foreign group investment.This paper selected the IT industry park in Kunshan as the empirical research object. Use dimension method, AHP and other research methods to quantitatively analyze the co-motivation, cooperation mode, cooperation content, and spillover effect between foreign and local corporation. Fuzzy assess that the governance structure of IT industry park in Kunshan tends to captive mode.Finally, this paper analyzed the spillover effect of different modes of foreign group investment. Point out that collaborative governance structure is better than all other types of governance structures in terms of horizontal spillover effect, business association effect or agglomeration economy effect. It is the ideal mode of FGI governance structure. Local governments should effectively govern foreign group investment for different modes of FGI, to improve spillover effects on the local FGI, to promote local business innovation, so as to promote local economic development.