FDI motives and the use of tax havens: Evidence from South Korea

Driffield, Nigel; Jones, Chris; Kim, Jae-Yeon; Temouri, Yama

doi:10.1016/j.jbusres.2021.06.061

Cited by 22 publications

(6 citation statements)

References 71 publications

(93 reference statements)

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“…Following prior research (Billington, 2019; Driffield et al, 2021; Kudina & Pitelis, 2014; Mariotti & Marzano, 2021), we control for several variables to minimize the estimation bias caused by omitted variables. Data for these variables are sourced from the WDI, the WGI and the Fraser Institute.…”

Section: Methodsmentioning

confidence: 99%

Media freedom, information and communication technology infrastructure, and foreign direct investment inflows

Liu,

Wang

2023

Manage Decis Econ

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In an era of globalization, attracting foreign capital inflows remains a significant concern among nations. This paper aims to examine the individual and joint effects of media freedom and information and communication technologies (ICT) infrastructure on foreign direct investment (FDI) inflows. Utilizing a panel dataset of FDI inflows from 144 countries worldwide from 2003 to 2016 for our empirical analysis, we find that media freedom significantly increases FDI inflows. Interestingly, ICT infrastructure plays an essential moderating role in this relationship. When ICT infrastructure is underdeveloped, the expected impact of media freedom may not materialize; however, as the level of ICT infrastructure improves, the positive effect of media freedom becomes increasingly significant. Hence, we argue that a free media and robust ICT infrastructure are complementary in attracting FDI. Our study not only fills a crucial gap in the literature by examining their joint effect but also provides insightful implications for host countries looking to attract foreign investment. This work thus significantly contributes to understanding the complex relationships among media freedom, ICT infrastructure levels, and FDI inflows at the national level.

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Section: Methodsmentioning

confidence: 99%

Media freedom, information and communication technology infrastructure, and foreign direct investment inflows

Liu,

Wang

2023

Manage Decis Econ

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“…Recent work (Buckley, Driffield, & Kim, 2022;Driffield, Kim, & Temouri, 2022) highlights how Korea transitioned from an emerging economy to one of the richest in the world. Its GDP per capita overtook levels found in many developed countries by 2021.…”

Section: The Republic Of Korea Value Chain Upgrading Experiencementioning

confidence: 99%

What Does It Take to Build an Inclusive Governance of Global Value Chains? A Framework for Intervention

et al. 2023

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As important actors in global value chains (GVCs), multinational enterprises exercise coordination and control over worldwide commodity, production, service, workforce and knowledge mobility. A level playing field for all GVC stakeholders remains absent. We argue for empowering subordinated stakeholders in the design of inclusive GVC governance, as a necessary condition, to harness the power of GVCs that enable many firms to internationalise in the first place. We propose a Framework for Intervention at the level of civil society and five actions, using a revived form of multilateralism, to empower the economic “South” and fundamentally anchor change for human development.

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“…These entities utilize the tax, regulatory, and confidentiality benefits, which are potentially large. The economic proceeds of outward FDI could leak out and remain offshore as its use increases over time (Driffield et al 2021). Indian MNEs have also established a considerable number of subsidiaries through OFCs such as the Netherlands, Mauritius, Singapore, and the UAE.…”

Section: Intra-mne Resource Allocationmentioning

confidence: 99%