MNEs and industrial structure in host countries: a portfolio analysis of Irish manufacturing

• 成果类型: Article; Proceedings Paper
• 署名作者: Barry, F.; Kearney, C.
• 署名单位: Trinity College Dublin; Trinity College Dublin; University College Dublin
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/palgrave.jibs.8400193
• 发表日期: 2006
• 页码: 392-406
• 关键词: FDI; MNEs; portfolio theory; industrial structure; ireland

摘要

Ireland has been very successful in attracting foreign MNEs in high-technology sectors. Although these sectors exhibit faster growth than the traditional low-technology sectors populated primarily by indigenous firms, the high-technology sectors are also more volatile. We use portfolio theory to show that Ireland's FDI strategy has led to a more diversified manufacturing sector that exhibits higher growth without a commensurate increase in volatility and risk.