Corruption and market attractiveness influences on different types of FDI
STRATEGIC MANAGEMENT JOURNAL(2008)
摘要
Previous studies have proposed that a compensatory model predicts the level of foreign direct investment (FDI) in a country; FDI levels are a result of 'trade-offs' between the positive effect of market attractiveness and the negative influence of corruption. In contrast, we hypothesize and find that the compensatory relationship only holds for market-seeking investment; for resource-seeking FDI the model appears to be noncompensatory. Greater market attractiveness mitigates the negative impact of corruption on market-seeking investment, but the ability of market attractiveness to mitigate the negative impact of corruption on resource-seeking FDI quickly disappears as corruption levels increase. Implications and future research directions are discussed. Copyright (C) 2008 John Wiley & Sons, Ltd.
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关键词
corruption,market attractiveness,foreign direct investment,market-seeking,resource-seeking,labor-seeking
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