中文摘要：

本文基于全球价值链的研究视角考察中国企业国际化的进程，利用商务部《境外投资企业（机构）名录》构建了既包含国内企业又有国际化企业的数据集。利用多项LOGIT模型重点考察了全要素生产率以及多国嵌入性等变量对中国企业选择不同价值链治理模式开展国际化的影响作用。研究结果表明：中国企业国际化进程中，全要素生产率以及多国嵌入性对于企业重构全球价值链治理模式选择的预测概率具有统计学意义上的显著影响。

英文摘要：

Based on the perspective of global value chains research, this paper investigates the Internationalization process of Chinese firms, and constructs the dataset which consists of domestic firms and global firms, using the data of Directory of Overseas Chinese Enterprises and Institutions compiled by the Ministry of Commerce of China. Then this paper considers the influence of the total factor productivity and multinational embeddedness on the governance modes of value chains in the Internationalization process by using the muhinomial LOGIT model. The results show that both the total factor productivity and multinational embeddedness have the significant effects on the choice of the value chains governance modes from the nersDective of statistics.