How do corporate governance model differences affect foreign direct investment in emerging economies?

• 成果类型: Article
• 署名作者: Luo, Xiaowei; Chung, Chi-Nien; Sobczak, Michael
• 署名单位: University of Illinois System; University of Illinois Urbana-Champaign; National University of Singapore; University of Illinois System; University of Illinois Urbana-Champaign
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/jibs.2008.66
• 发表日期: 2009
• 页码: 444-467
• 关键词: foreign direct investment; neo-institutional theory; INSTITUTIONAL LOGICS; corporate governance; emerging economies; business groups

摘要

This study examines the impact of national corporate governance models on inward foreign direct investment (FDI) in emerging economies. We consider three potential mechanisms, and conduct an empirical test of how family ownership and control in large group-affiliated firms in Taiwan affect joint venture investment from US and Japanese firms during the period 1988-1998. Results support the neo-institutional perspective of FDI developed in this study: the home-country corporate governance models are likely to shape foreign firms' choice of local partners.