在华外商投资企业股权结构与转让定价决策相关性分析

把外商投资企业分为中外共有股权企业和外商独资企业，分析了股权结构对外方转让定价决策的影响．结果表明：外方向共有股权企业高价转让中间产品的动机强弱与其在共有股权企业中所占的股份比例成反比；外方向共有股权企业高价转让中间产品，可以提高贸易效应，但会降低战略效应。外方进行转让定价决策就是衡量这两种效应的综合影响；跨国公司向设在我国的独资子公司低价转让中间产品，可以提高在我国市场的竞争力，实现全球利润最大化．

The Relativity Analysis between Foreign Investment Enterprises' Ownership Structure and Transfer Pricing Decision Making in China

Dividing the foreign investment enterprises in China into two kinds: co-ownership enterprises and wholly foreign-owned enterprises, this paper analyzed the stock structure's effect on the decision making of the foreign parts. The results show that the foreign part's incentive to transfer the intermediate product with high price is inversely proportional to its stock proportion in mutual-owned enterprise. That the foreign part transfers the intermediate product with high price will improve the trade effect but decrease the strategy effect in China. Therefore the decision making by foreign part is to trade off between the impacts of these two effects. Finally, multinational enterprises transfer the intermediate product with low price to foreign-owned enterprises in China will improve the competence in the market of China and maximize the overall profit of the firm.