中文摘要：

MNCs（跨国公司）通过组建合资企业进入新兴市场,由于其R＆D活动面临着创新专用性风险,使其R＆D强度与合资企业绩效之间表现为一种或有关系。使用厦门、长沙和重庆3地制造业样本检验验证了该理论假设。就市场战略而言,只有那些以国际市场战略为主的合资企业才能获得R＆D对合资企业绩效的促进效应;进一步考虑合资企业不同的所有权结构——市场战略配置结构,发现只有在以国际市场战略——MNCs占绝对多数股权的合资企业中,R＆D强度对企业绩效的促进效应才会显现,而其它任何类型的配置结构均没有发现这种促进效应。这些发现可为中国完善外资政策提供理论指导。

英文摘要：

When multinational corporations enter emerging markets by the way of joint venture, there is a contingent rela tionship between R＆D investment intensity and enterprise performance,for the innovational appropriability hazard. Sam ple inspection data of manufacture industry in China support this theory hypothesis. We find that R＆D intensity is posi tively related to enterprise performance in export market but of foreign policy and outward direct investment for China. not in local market. These findings contribute to knowledge