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How does country risk matter for foreign direct investment?
https://doi.org/10.20561/00037886
https://doi.org/10.20561/00037886345b8321-df97-47e3-a34a-3d77d14244c3
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
本文 (431.7 kB)
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| Item type | アジ研テクニカルレポート / IDE Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2011-03-02 | |||||
| タイトル | ||||||
| タイトル | How does country risk matter for foreign direct investment? | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||
| 資源タイプ | technical report | |||||
| ID登録 | ||||||
| ID登録 | 10.20561/00037886 | |||||
| ID登録タイプ | JaLC | |||||
| 著者 |
Hayakawa, Kazunobu
× Hayakawa, Kazunobu× Kimura, Fukunari× Lee, Hyun-Hoon |
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| 著者別名 | ||||||
| 値 | 早川, 和伸 | |||||
| 著者別名 | ||||||
| 値 | 木村, 福成 | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | In this paper, we aim to identify the political and financial risk components that matter most for the activities of multinational corporations. Our paper is the first paper to comprehensively examine the impact of various components of not only political risk but also financial risk on inward FDI, from both long-run and short-run perspectives. Using a sample of 93 countries (including 60 developing countries) for the period 1985-2007, we find that among the political risk components, government stability, socioeconomic conditions, investment profile, internal conflict, external conflict, corruption, religious tensions, democratic accountability, and ethnic tensions have a close association with FDI flows. In particular, socioeconomic conditions, investment profile, and external conflict appear to be the most influential components of political risk in attracting foreign investment. Among the financial risk components, only exchange rate stability yields statistically significant positive coefficients when estimated only for developing countries. In contrast, current account as a percentage of exports of goods and services, foreign debt as a percentage of GDP, net international liquidity as the number of months of import cover, and current account as a percentage of GDP yield negative coefficients in some specifications. Thus, multinationals do not seem to consider seriously the financial risk of the host country. |
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| 権利 | ||||||
| 権利情報 | Copyrights 日本貿易振興機構（ジェトロ）アジア経済研究所 / Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO) http://www.ide.go.jp | |||||
| 収録情報 |
IDE Discussion Paper en : IDE Discussion Paper 巻 281, 発行日 2011-02 |
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| 出版者 | ||||||
| 出版者 | Institute of Developing Economies (IDE-JETRO) | |||||
| 著者版フラグ | ||||||
| 出版タイプ | VoR | |||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
| 日本十進分類法 | ||||||
| 主題Scheme | NDC | |||||
| 主題 | 338.92 | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:F21 - International Investment; | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:F23 - Multinational Firms; International Business | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:D22 - Firm Behavior: Empirical Analysis | |||||
| 地域/国名 | ||||||
| 位置情報（自由記述） | 発展途上国 | |||||
| 地域/国名 | ||||||
| 位置情報（自由記述） | 先進国 | |||||
| 地域/国名 | ||||||
| 位置情報（自由記述） | 世界、その他 | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Developing countries | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Developed countries | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Foreign investments | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | FDI | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | International business enterprises | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Industrial management | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Country risk | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Political risk | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Financial risk | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Institution | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | MNEs | |||||
| フォーマット | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | application/pdf | |||||
| DIG_NO | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | IDP000281_001 | |||||
