This paper first designed the theoretical model about firms foreign investment, and then had an empirical study based on the datum of Korean manufacturing firms in China, finally it drew a conclusion: the research model centers on the factors of the firms, strategy and location, which has applicability for explaining developing countries' foreign investment model; the differentiation advantage of the firm's products and the export base strategy influence the choice of the wholly-owned subsidiary way; the Chinese market oriented strategy and the limitation in policy of Chinese government to overseas-funded firms influence the choice of the joint venture way.%首先构建了企业海外市场进入模式选择的理论模型,之后基于对华投资韩国制造企业的数据调查,进行了实证分析,得出如下结论:基于企业资源因素、战略因素、区位因素的研究模型,对于解释发展中国家企业的海外投资模式,具有有效性和适用性;企业的差异化优势、出口生产导向型战略对独资方式的选择产生显著影响;市场导向型战略、东道国对外资企业的规制政策对合资方式的选择产生显著影响。
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