Institutional quality similarity, corruption distance and inward FDI in Turkey

Eren, Tevfik; Jiménez, Alfredo

doi:10.5771/0949-6181-2015-1-88

Cited by 14 publications

(10 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Drawing on a sample of 27,264 projects in 114 countries from 1997 to 2013, we argue and find statistically significant evidence of a negative relationship between corruption and the success of private participation projects. Although some authors argue that corruption may have a positive “greasing” effect, our result is consistent with previous studies reporting a negative “sand in the wheels” effect on investments in general (Cuervo‐Cazurra 2008; Eren and Jiménez 2015), and private participation projects in particular in some regions such as Central and Eastern European countries (Jiménez et al 2017).…”

Section: Discussionsupporting

confidence: 92%

Corruption and private participation infrastructure projects: The influence of vicarious experience and national animosity

et al. 2020

View full text Add to dashboard Cite

This paper investigates the influence of vicarious experience and national animosity on the relationship between corruption and the performance of private participation infrastructure projects. Our analysis of 27,264 projects in 114 countries from 1997 to 2013 shows that higher levels of corruption are associated with higher risk of project failure. We also find that this effect is weakened by the presence of other firms from the same industry, as firms may learn from other companies how to deal with corruption. In contrast, we find the effect is strengthened by the presence of other firms from different industries. This result is due to a lower applicability of knowledge and to an increase in national animosity and discrimination from local stakeholders.

show abstract

Section: Discussionsupporting

confidence: 92%

Corruption and private participation infrastructure projects: The influence of vicarious experience and national animosity

et al. 2020

View full text Add to dashboard Cite

show abstract

“…Even though many scholars emphasise the importance of geographical, psychic, and cultural distances as important determinants of F.D.I. (Anderson & van Wincoop, 2003Eren & Jimenez, 2015;McCallum, 1995), unfortunately, we could not find complete bilateral data for the entire sample of countries, and we consider this as a limitation of our study; however, it would be really interesting to measure the impact of governance on F.D.I. inflows by adding the gravity model to future research.…”

Section: Discussionmentioning

confidence: 95%

The impact of institutional quality on foreign direct investment inflows: evidence for developed and developing countries

Peres

Ameer

2018

Economic Research-Ekonomska Istraživanja

141

View full text Add to dashboard Cite

This study examines the impact of institutional quality on foreign direct investment (F.D.I.) by categorising the countries as developed or developing. We measured institutional quality by the sum of control of corruption and rule of law indicators. We provide evidence that institutional quality positively and significantly impacts F.D.I. in developed countries; specifically, we find that a one standard deviation change in governance significantly affects F.D.I. by a factor of 0.2225 (using common law and the lagged values of the independent variables as instruments). Ceteris paribus, the results for the developing countries demonstrate that the institutional quality impact is insignificant because of the weak structure of institutions. Result findings strongly support the significance of governance indicators in attracting F.D.I. inflows. From our results, we infer that the relevance of governance indicators tends to be a key point in attracting F.D.I. inflows.

show abstract

“…There are two contrasting perspectives on the effects of corruption on investments (Cuervo‐Cazurra, ; Eren & Jiménez, ). Some authors argue that corruption may act as “ grease in the wheels ” and have positive effects by speeding up bureaucratic processes for those firms most willing to pay for them (Egger & Winner, ; Leff, ).…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

Political risk in private participation projects: The effects of political discretionality and corruption

Jiménez

Bayraktar

2020

Thunderbird Intl Bus Rev

Self Cite

View full text Add to dashboard Cite

This article investigates the impact of political risk on the performance of private participation infrastructure projects in emerging markets. Previous studies have shown that firms in regulated sectors are prone to employ political capabilities in their investments overseas. Our analysis of 32,257 projects in 114 emerging countries from 1997 to 2013 shows that higher political discretionality in the host country is negatively associated with project completion. In contrast, a higher level of corruption in the host country is positively associated with project completion. The study makes a contribution to the literature on political risk in foreign direct investments. K E Y W O R D Scorruption, foreign direct investments, political discretionality, political risk, private participation projects

show abstract

Institutional quality similarity, corruption distance and inward FDI in Turkey

Cited by 14 publications

References 0 publications

Corruption and private participation infrastructure projects: The influence of vicarious experience and national animosity

Corruption and private participation infrastructure projects: The influence of vicarious experience and national animosity

The impact of institutional quality on foreign direct investment inflows: evidence for developed and developing countries

Political risk in private participation projects: The effects of political discretionality and corruption

Contact Info

Product

Resources

About