Search results for "foreign direct investment"
showing 10 items of 121 documents
Outward Investments and Productivity: Evidence from European Regions
2016
Castellani D. and Pieri F. Outward investments and productivity: evidence from European regions, Regional Studies. Using a novel data set on international investment projects, this paper builds measures of outward foreign direct investments (FDIs) for 262 regions of the European Union. This allows as estimation to be made of regressions of productivity growth over the 2007–11 period as a function of the number of FDIs. The number of outward FDIs in manufacturing activities is negatively associated with productivity growth in the home region, but investments in sales, distribution and marketing are associated with a boost in local productivity. This is driven especially by investments toward…
Screening of Foreign Direct Investment and the States’ Security Interests in Light of the OECD, UNCTAD and Other International Guidelines
2021
AbstractThis chapter analyses the concept of the “national security interest”, which is widely recognised as allowing a state to determine which areas of its economy are restricted or prohibited to foreign investors. This chapter seeks to identify what constitutes a threat for a state and how that threat is managed both domestically and internationally. Despite the recognition of a state’s right to take measures it considers essential to its security, there are limits. The rules established by the Organisation for Economic Co-operation and Development (OECD) and the United Nations Conference on Trade and Development (UNCTAD) and other international instruments are non-binding but can serve …
Do Cross-Country Differences in Accounting Conservatism Explain Variations in the Degree of Investor Diversification?
2009
We show that the level of conditional accounting conservatism of foreign markets is significantly and positively associated with decisions to diversify portfolios internationally. This positive association could be either because conditional conservatism per se is attractive to international investors, or because the un-modelled factors that attract foreign investors to a country also cause these countries to adopt conditionally conservative accounting practices. However, if conditional conservatism serves to alleviate foreign investors’ concerns related to insiders having asymmetric access to information then one would also expect the chosen mode of entry into a foreign market (as foreign …
Foreign Direct Investment in oil-abundant countries: The role of institutions
2019
The present work reassesses the impact of good governance and democracy on Foreign Direct Investment (FDI) in oil-abundant countries. To this end, we estimate the effect of host countries’ institutions on greenfield FDI, using a gravity equation for a dataset that covers 182 countries during 2003-2012. Our findings confirm that compliance to rule of law, lack of corruption, political stability and democracy could boost new FDI links through the extensive margin. Our results could not rule out the “oil curse”, meaning that oil producers attract fewer new greenfield projects than similar countries without oil. Unlike other studies, we show that the impact of institutions is not necessarily un…
Ko atklāj Ķīnas Ceļa un jostas iniciatīvas investīcijas? Nestriktas kopas kvalitatīvā salīdzinošā analīze
2020
Maģistra darbā “Ko atklāj Ķīnas Ceļa un jostas iniciatīvas investīcijas? Nestriktas kopas kvalitatīvā salīdzinošā analīze” tika analizēts Ķīnas Ceļa un jostas iniciatīvas (BRI) investīciju daudzums 78. Eirāzijas valstīs, lai noteiktu, kādi valstis raksturojoši faktori vai apstākļi ietekmē to vēlmi pievienoties BRI. Izvēlētajām valstīm pēc detalizētas pētnieciskās literatūras analīzes tika noteikti astoņi investīcijas veicinošie faktori (gan politiskie, gan ekonomiskie). Izvēlētie faktori tika pretnostatīti Ķīnas BRI investīciju apjomam uz vienu iedzīvotāju konkrētā valstī, lai varētu secināt, kādi valsti raksturojoši apstākļi un priekšnoteikumi veicina Ķīnas BRI investīciju plūsmu uz konkrē…
Foreign direct investment attraction in the Baltic States
2014
This paper considers the importance of macroeconomic factors as well as investment climate for foreign direct invest ment attraction in the Baltic states. It reviews some of the indicators for measuring the investment climate and their usefulness as indicators of strength of FDI attraction and uses the results of econometric analysis to consider relative importance of various macroeconomic factors. The results suggest that perceptions of corruption and fiscal policy are some of the more important drivers of FDI attraction. The paper also considers several measures that could improve foreign direct investment attraction in the Baltic States such as expanding the protection of property right…
Corruption in international business: A review and research agenda
2020
Abstract We systematically reviewed the literature on corruption in international business (137 articles) for the last 17 years between 1992 and 2019. Additionally, we identified seven research streams in this growing literature: (1) the legislation against corruption, (2) the determinants of corruption, (3) combating corruption, 4) the effect of corruption on firms, (5) the political environment and corruption, (6) corruption as a challenge to existing theories of management, and (7) the effect of corruption on foreign direct investment and trade. Based on this review, we recommend that strong international laws are needed to minimize the negative impact of corruption on international busi…
Foreign Direct Investment Drivers in Romania
2013
Foreign Direct Investment (FDI) represents a condition sine qua non for a sustainable development of Romania, taking into consideration the fact that the domestic capital is not enough to assure a positive and significant growth. The present study uses the multiple linear regression to determine the main factors which influence FDI level in Romania. The international reserve and the capital market index BET have a direct and positive impact on the foreign investment flow, while the short, medium and long private and public external debt proved to influence direct, but in a negative way, the FDI.
COMPLEMENTARITY BETWEEN LOCAL KNOWLEDGE AND INTERNATIONALIZATION IN REGIONAL TECHNOLOGICAL PROGRESS
2006
Trade, foreign direct investment, and inter-regional R&D spillovers facilitate competition, the spread of knowledge, and the adoption of more advanced technologies, which in turn hastens total factor productivity (TFP) growth. The spread of these efficiency gains from internationalization requires a sufficient local knowledge to enable them to be adapted to the domestic productive environment. Thus, higher local knowledge and internationalization will lead to TFP growth, and the greater the complementarity between variables the higher the TFP growth. We test the complementarity hypothesis using Spanish regional data over the period 1980–1995 in which both regional local knowledge and intern…
La suspensión de la libre circulación de inversiones extranjeras en España por la crisis del COVID-19 (The Suspension of the Free Movement of Foreign…
2020
Spanish Abstract: La libre circulacion de inversiones es uno de los mantras que ha caracterizado la modernidad economica. El principio, sin embargo, se encuentra sometido a creciente prevencion, en el marco de una vision critica hacia la globalizacion en un mundo en pleno reajuste geoestrategico. Una de las manifestaciones de esta tendencia reciente de empoderamiento del Estado se refleja en la articulacion de mecanismos de control de las inversiones foraneas que le permitan evitar que sectores claves de la economia nacional caigan en manos de inversores extranjeros, en muchas ocasiones, controlados por Estados competidores. A diferencia de lo que ocurre con los paises de nuestro entorno, E…