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عنوان فارسی مقاله:
اثرات فاصله نهادی بر ورود FDI: نهادهای عمومی زیست محیطی (GEI) در برابر نهادهای حفاظت اقلیت سرمایه گذار (MIP)
عنوان انگلیسی مقاله:
The effects of institutional distance on FDI inflow: General environmental institutions (GEI) versus minority investor protection institutions (MIP)
سال انتشار : 2014
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مقدمه انگلیسی مقاله:
1. Introduction
International operations produce benefits for a firm because of oligopolistic or resource capabilities that can be deployed to exploit imperfections in the international market. These benefits are derived from reduced transaction costs and the creation of internal markets (Buckley & Casson, 1979; Caves, 1971; Williamson, 1975), or from utilizing and/or acquiring corporate resources and capabilities necessary for international operations (Barney, 1991; Penrose, 1959). Countering these benefits of international operations are the costs of information, monitoring and control as well as trade barriers, which all relate to the concept of ‘‘distance.’’ Since international corporate investment involves establishing an operational facility at a distant location – separated not only by geographical distance but also by cultural and institutional distances – it follows that the extent and nature of these distances should influence a firm’s incentives for investing abroad, other things being equal. North (1990, 1994) was among the first to emphasize the importance of institutions, beyond culture, arguing that economic growth and performance are critically dependent on the efficacy of institutions. He defined institutions as formal rules and informal constraints that set the ‘‘rules of the game.’’ In Dunning’s (1981, 1988) OLI paradigm, a main location (L) variable is institutional distance, which allows for the interdependence between the firm and national institutions on both micro and macro levels.(Dunning & Lundan, 2008a). In international contexts, institutional distance is the extent of institutional dissimilarity between institutions in the home and host countries (Kostova, 1999). Using international firm-level data, La Porta, Lopez-de-Silanes, Shleifer, & Vishny (1997) and La Porta, Lopez-de-Silanes, Shleifer, & Vishny (1998) examined the impact of law on firms’ performance, providing evidence that legal tradition and institutions have major impacts on financial development and corporate performance, but not vice versa. This result is consistent with North (1993) who argued that institutions influence economic variables even though the specifics of institutions differ. Xu and Shenkar (2002) presented conceptual ideas about the role of institutional distance in international corporate investments but no empirical evidence.
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کلمات کلیدی:
The Effect of Institutional Distance on FDI Strategies: Co-integration ... proceedings.aom.org/content/2013/1/14050.abstract by K Xu - 2013 By integrating regulatory, cognitive/cultural, and normative institutional distance and decomposing FDI decisions, our research suggests that the co-integration of ... [PDF]Institutional Distance and International Business Strategies - Deep Blue https://deepblue.lib.umich.edu/bitstream/handle/2027.42/40114/wp728.pdf by D Ionascu - 2004 - Cited by 72 - Related articles show that the distance between FDI's host and home countries influences ... concerning the impact of institutional distance on MNE's choice of entry mode, ... [PDF]Institutions, Distance, and Foreign Direct Investment digitalcommons.colby.edu/cgi/viewcontent.cgi?article=1789&context... by C Coffman - 2015 - Related articles There are only a few studies that look at the effect of institutional distance on FDI. One work,. Institutional Determinants of Foreign Direct Investment by Angès ... Effects of FDI on Institutions - American Economic Association https://www.aeaweb.org/conference/2014/retrieve.php?pdfid=737 by F Demir - Cited by 2 - Related articles divergence effect of FDI flows on the institutional distance between host and ... significant effect of pooled North-South FDI flows on host country institutions. [PDF]Institutional distance and foreign direct investment - Banque de France https://www.banque-france.fr/sites/default/files/.../document-de-travail_579_2015.pdf 2015 - Related articles Moreover, the impact of institutional distance on OECD's FDI is stronger on inward flows than on outward flows. This shows that there is an asymmetry in bilateral ... [PDF]Institutional Distance – Market Conforming Values in the Host Country ... www.uva.fi/materiaali/pdf/isbn_978-952-476-358-5.pdf by A ARSLAN - Cited by 2 - Related articles MNEs) can impact foreign direct investment (FDI) choices of MNEs including ... informal institutional distance on FDI establishment and ownership mode choices ...
