This paper analyzed the reasons of the individual tendency based on the transaction cost, including property appropriation, the conflict between parters, host country system.

• 对独资化的动因解释也是众说纷纭，本文从交易成本的角度分析了外商选择独资化的原因，即技术或者资产的专用性、中外合资企业的冲突、东道国制度。