Does institutional reform of intellectual property rights lead to more inbound FDI? Evidence from Latin America and the Caribbean

Khoury, Theodore A.; Peng, Mike W.

doi:10.1016/j.jwb.2010.07.015

Cited by 118 publications

(120 citation statements)

References 43 publications

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“…On the contrary, a lack of rule of law may lead to the liquidation of current investments, and this can deter potential investors (Hewko, 2002). Previous studies indicate that rule of law in general has a positive effect on the inflow of FDI (Du, Lu, & Tao, 2008;Gani, 2007;Gastanaga, Nugent, & Pashamova, 1998;Khoury & Peng, 2011). Studies that focus on African countries, such as those by Asiedu (2006), Cleeve (2012), Naudé and Krugell (2007) and Anyanwu (2012), also confirm this positive relationship.…”

Section: Rule Of Lawmentioning

confidence: 67%

“…It is often seen as a key factor affecting welfare, stability and growth (Belton, 2005;Haggard, MacIntyre, & Tiede, 2008;Hiil, 2007); Janse, Sanchez Galera, and Liivoja (2007) Strong rule of law provides protection of property rights, reduces transaction costs for foreign firms (Khoury & Peng, 2011). Moreover, strong rule of law decreases uncertainty and improves firm's efficiency and profitability (Bailey, 2017).…”

Section: Rule Of Lawmentioning

confidence: 99%

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Attracting Chinese FDI in Africa

Shan

Lin

et al. 2018

CPOIB

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Purpose The purpose of this paper is to examine the effect of natural resources, market size and five major institutional factors (voice and accountability; political stability and absence of violence; regulatory quality; rule of law and control of corruption) on Chinese foreign direct investment (FDI) in Africa. Design/methodology/approach This study uses regression analysis on panel data across 22 countries for the period 2008-2014. Findings Natural resources did not play a significant role in attracting Chinese investments, but market size did. Among the institutional factors, only voice and accountability had a significant and positive effect on attracting Chinese FDI; the effects of rule of law and control of corruption were not significant and political stability and regulatory quality had a significant and negative effect. Research limitations/implications Chinese investment in Africa is only a recent phenomenon, and is growing rapidly; further studies should examine factors that are unique to the context such as bilateral political link. Practical implications African countries that are struggling with improving their poor institutional quality in the short term could effectively attract Chinese investment by reducing investor psychic distance, e.g. establishing a closer political link with China. Nevertheless, in the long term, measures of improving institutional quality are important. Originality/value This study reveals for the first time that what attracts Chinese investment is market size rather than natural resources, and different institutional factors of an African country show varying effects on attracting Chinese FDI.

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Section: Rule Of Lawmentioning

confidence: 67%

Section: Rule Of Lawmentioning

confidence: 99%

Attracting Chinese FDI in Africa

Shan

Lin

et al. 2018

CPOIB

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“…This is similar to Peng, Lee, and Wang (2005), who contrast the broader institutional features which affect product markets with the more specific institutional features related to financial markets. Both may, from the perspective of foreign investors and local partners, produce different outcomes (Khoury & Peng, 2011;Makhija & Stewart, 2002). Likewise, Cantwell et al (2010) explore the evolution of both financial and non-financial institutions alongside the evolution of foreign affiliates' strategies.…”

Section: Dimensions Of the Host Country Institutional Environmentmentioning

confidence: 99%

Ownership Control of Foreign Affiliates: A Property Rights Theory Perspective

2016

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“…The "institution-based view of strategy" label was first advocated by me in the Asia Pacific Journal of Management in 2002. While I can claim credit for coining this expression, institution-based research in strategy, organization and IB is a broad scholarly movement with numerous participants (Ahn & York, 2011;Ahuja & Yayavaram, 2011;Carney, Gedajlovic, & Yang, 2009;Chari & David, 2012;Dau, 2012;Hoskisson, Wright, Filatotchev, & Peng, 2013;Khoury & Peng, 2011;Kim, Kim, & Hoskisson, 2010;Liu, Yang, & Zhang, 2012;Lu, Tsang, & Peng, 2008;Mahlich, 2010;Meyer, Estrin, Bhaumik, & Peng, 2009;Meyer & Peng, 2005;Peng, 2003Peng, , 2012Peng, , 2013Pinkse & Kolk, 2012;Ritchie & Melnyk, 2011;Shinkle & Kriauciunas, 2012). While institutionally oriented scholars are naturally interested in advancing this view, it is interesting to note that a leading IB scholar John Dunning, who was not known to be an "institutionalist" and whose career spanned five decades, strongly promoted the institution-based view toward the end of his career (Dunning, 2004;Dunning & Lundan, 2008).…”

mentioning

confidence: 99%

New Research Directions in the Institution-Based View

Peng¹

2014

Multidisciplinary Insights From New AIB Fellows

Self Cite

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This paper points out new directions for the deepening and broadening of the institution-based view, by drawing on three streams of research with which I have been involved recently: (1) outward foreign direct investment from emerging economies, (2) bankruptcy laws and entrepreneurship development, and (3) institution-based research focusing on Africa. Such deepening has been accomplished by enhancing our institutionbased understanding of foreign direct investment with a focus on emerging multinationals, while broadening has been done both substantively by probing into the impact of bankruptcy laws on entrepreneurship development around the world and geographically by calling for enhanced research attention on Africa via an institution-based lens.

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Does institutional reform of intellectual property rights lead to more inbound FDI? Evidence from Latin America and the Caribbean

Cited by 118 publications

References 43 publications

Attracting Chinese FDI in Africa

Attracting Chinese FDI in Africa

Ownership Control of Foreign Affiliates: A Property Rights Theory Perspective

New Research Directions in the Institution-Based View

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