Exploring outward FDI and the choice of destination: evidence from Swedish firm-level data

El‐Sahli, Zouheir; Gullstrand, Joakim; Olofsdotter, Karin

doi:10.1080/13504851.2017.1412068

Cited by 5 publications

(4 citation statements)

References 7 publications

(9 reference statements)

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“…A domestic firm that meets the minimum scale, productivity, market experience, and financial solvency requirements to afford internationalization via OFDI. Such firms also need the capacity to develop and manage outward expansion and to establish a foreign subsidiary (Brakman et al 2020;El-Sahli, Gullstrand, and Olofsdotter 2018;.…”

Section: Outward Foreign Direct Investmentmentioning

confidence: 99%

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An Investment Perspective on Global Value Chains

Qiang¹,

Liu²,

Steenbergen³

2021

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for their invaluable comments and suggestions. The authors particularly appreciate the guidance and support of Caroline Freund, Global Director of Trade, Investment and Competitiveness at the World Bank.The team thanks the following programs and donors for making this report possible through their financial contributions: the Improving Business Environment for Prosperity (IBEP) program, with support from the UK Prosperity Fund managed by the Foreign, Commonwealth and Development Office (FCDO); and the Competitive Industries and Innovation Program (CIIP), with support from the European Union and the governments of Austria, Norway, and Switzerland.The team is also grateful to the many reviewers who provided thoughtful insights and guidance at both the concept and decision stages.

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Section: Outward Foreign Direct Investmentmentioning

confidence: 99%

“…Larger firm sizes may be necessary to attain the minimum financial solvency to afford this internationalization strategy. Other major requirements include having the capacity to develop and manage outward expansion and to establish a foreign subsidiary (Brakman et al 2020;El-Sahli, Gullstrand, and Olofsdotter 2018;.…”

Section: Outward Foreign Direct Investmentmentioning

confidence: 99%

An Investment Perspective on Global Value Chains

Qiang¹,

Liu²,

Steenbergen³

2021

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“…Empirical studies on the determinants of FDI -i.e., that which give firms motive to investcan be roughly grouped into two streams, the first comprising works that make use of micro, firm-level data (see, for instance, a recent contribution from El-Sahli et al 2017), and the second comprising works that make use of macro, country-level data. We followed the latter stream's approach, which allowed for a broader, albeit indirect, means to test for FDI determinants at a regional level (see a recent review of empirical studies on FDI location, not exclusively in ASEAN, in Groh and Wich 2012).…”

Section: Introductionmentioning

confidence: 99%

Determinants of Intra-Region and Extra-Region Foreign Direct Investment Inflow in ASEAN: A Spatial Econometric Analysis

Hoang

Goujon

2018

Appl. Spatial Analysis

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In this paper, we explore the dominant forms of foreign direct investment (FDI) (horizontal, vertical, export-platform, and complex vertical) in ASEAN countries. To account for the heterogeneity in FDI forms according to their origins, we examine separately extra-ASEAN and intra-ASEAN FDI in ASEAN countries. Using macro-level annual data covering nine countries over 1999-2011 and spatial econometric models, we find that the significance and the signs of the coefficients for the determinants of FDI and of spatial interactions provide an indirect way to test the dominance of particular forms of FDI over others. Our results suggest that the location of extra-ASEAN FDI is affected by host country characteristics (such as market size, infrastructure quality, political stability, trade costs) and by FDI in neighboring countries. Then, extra-ASEAN FDI inflows seem to be dominated by complex vertical FDI. In contrast, the location of intra-ASEAN FDI is affected by a host country's political stability and market size, but also by the market potential of neighboring markets, suggesting that intra-ASEAN FDI inflows are dominated by export-platform FDI. The significance of spatial interactions for both origins of flows warrants the acceleration of economic integration between ASEAN countries to continuously attract FDI.

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“…Data problems and the impact of data selection on study results were often underlined as important barriers to this analysis (Iwasaki and Tokunaga 2014). Up till now, one approach to overcome this problem was to use detailed firm-level data (El-Sahli, Gullstrand, and Olofsdotter 2018). We investigate whether new FDI stock data based on the principle of ultimate beneficiary owner's nationality as opposed to the immediate or direct owner of FDI perform better in analysing the most important factors affecting bilateral FDI stocks.…”

Section: Introductionmentioning

confidence: 99%

FDI according to ultimate versus immediate investor countries: which dataset performs better?

Fertő

Sass

2019

Applied Economics Letters

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Foreign direct investment (FDI) plays an ever-increasing role in the world economy; however, empirical research on many aspects of FDI is hindered by data problems. New data on FDI stocks, broken down according to the nationality of the ultimate owner company, are available for a few countries. Based on the example of three Central and Eastern European countries, we show that these new data give better results when analysing the main drivers of bilateral FDI, than the up till now available FDI data, which were broken down according to the nationality of the immediate investor firm. Furthermore, we present evidence on the main drivers of FDI into three former transition economies: distance, relative country size and trade costs. KEYWORDS Foreign direct investment; ultimate and immediate investor countries; the Czech Republic; Hungary; Poland JEL CLASSIFICATION

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Exploring outward FDI and the choice of destination: evidence from Swedish firm-level data

Cited by 5 publications

References 7 publications

An Investment Perspective on Global Value Chains

An Investment Perspective on Global Value Chains

Determinants of Intra-Region and Extra-Region Foreign Direct Investment Inflow in ASEAN: A Spatial Econometric Analysis

FDI according to ultimate versus immediate investor countries: which dataset performs better?

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