Investor information search

Loibl, Cäzilia; Hira, Tahira K.

doi:10.1016/j.joep.2008.07.009

Cited by 71 publications

(58 citation statements)

References 48 publications

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“…Internet has influence on host country location advantage because of reduced transportation cost and distance (both physical and cultural) and liability of foreignness due to increased access to private and public information (de laTorre & Moxon, 2001) . Since information cost is one of the key factors for location choice by Multinational Enterprises (MNEs) (Adams, 2006;Azubuike, 2006;Loibl & Hira, 2009;Mariotti & Piscitello, 1995); adoption of e-government is expected to reduce search cost associated with information gathering for FDI location. Consequently, such flow of useful information infrastructure to businesses can attract Foreign Direct Investment (Lau, 2005;Singh, 2003).…”

Section: Relationship Between Constructsmentioning

confidence: 99%

“…Acquiring quality information on local institutions becomes pivotal before committing resources in foreign markets. Both private and public information are relevant for investors' investment decisions (Kinoshita & Mody, 1999;Loibl & Hira, 2009;Yeoh, 2000). Investors use public information to acquire knowledge on market size, stocks of infrastructure, costs of running business, foreign investment policies and other host country characteristics (Kinoshita & Mody, 1999).…”

mentioning

confidence: 99%

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Impact of E-Government on Transaction Cost and FDI Inflows: A Proposed Conceptual Framework

Kachwamba¹

2011

IJBM

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Although vast normative e-government literature supports the assertion that implementation of e-government reduces transaction cost and promotes Foreign Direct Investment; empirical evidence to support this thesis is limited. Even more, there is limited attempt when studying this phenomenon to integrate e-government literature with other literatures in which major constructs of interest are rooted. This article contributes to reducing this gap by establishing a conceptual framework that integrates e-government literature, International Business and Economics literatures as the main fields from which major constructs of interest are grounded. Three Propositions are generated as a guide for a systematic empirical investigation of the phenomenon.

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Section: Relationship Between Constructsmentioning

confidence: 99%

mentioning

confidence: 99%

Impact of E-Government on Transaction Cost and FDI Inflows: A Proposed Conceptual Framework

Kachwamba¹

2011

IJBM

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“…In essence, personal sources of information are normally perceived as more trustworthy and credible than published information, which is often perceived as less accurate (Yeoh, 2000). Contrary to this argument, results from a study on investor information searches conducted in the USA show that Internet-based information was among the dominant sources of information (Loibl and Hira, 2009). From this discussion, it is notable that foreign investors will tend to compliment electronic public information published mainly in the websites of IPAs with other alternative private sources of information.…”

Section: Synergy Between Public Electronic Information and Private Inmentioning

confidence: 94%

“…Among the central tenets of the information-theoretic approach and transaction cost is that information (whether public or private) is costly to acquire, especially within the context of less developed countries (Bedia, 1999;Matambalya and Wolf, 2001;Stiglitz, 1988). As far as foreign investments are concerned, both private and public information are relevant for investment decisions (Kinoshita and Mody, 1999;Loibl and Hira, 2009;Yeoh, 2000). Foreign investors may utilize public information to acquire knowledge on market size, stocks of infrastructure, costs of business operations, foreign investment policies and other host country characteristics (Kinoshita and Mody, 1999).…”

Section: Information Cost In Location Choice: the Informationtheoretimentioning

confidence: 99%

Internet-based information and foreign direct investment (FDI) location decision making: An information cost perspective

Kachwamba

Sæbø

2012

Afr. J. Bus. Manage.

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Information and communication technology (ICT)is considered to play an important role to reduce information cost for potential foreign investors. While a growing body of literature has suggested such connections, conceptual clarity is yet to be achieved. This study introduces a conceptual framework based on the Information-theoretic approach and transaction cost perspective to explore how ICT may reduce information cost. To illustrate our proposed framework, we apply it to examine the role of Internet-based information, published by the Investment Promotion Agencies (IPAs) on the information needs for foreign investors intending to invest in Tanzania. The findings indicated that general information on investment opportunities and regulatory entry procedures is mainly accessible through IPA´s web pages. Nevertheless, the findings revealed that more specific information on industry competitiveness is not found, although it is important for strategic investment location choice. Public information is combined with alternative sources of information to meet the information requirement for potential investors. Our findings indicate that Internet-based sources of information can reduce part of the information cost facing foreign investors, if properly organized. Our proposed framework extends the discourse on how ICT may influence information cost for foreign investors and contributes to our knowledge on the impact of ICT in the business sector focusing on the Government to business domain. Based on our findings we propose insights into studying and developing ICT-based services for IPAs in their efforts to attract Foreign Direct Investment.

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“…The rationale behind this interpretation can be traced back to the literature in economic psychology consistently support that the agents will react to their inner state of mood with increasing searching behavior (Stigler, 1961;Rothschild, 1974 andLoibl andHira, 2009). In that sense, we advocate a new proxy for investor sentiment with search frequency of stock names in Baidu Index.…”

Section: Internet Search-based Investor Sentiment Indexmentioning

confidence: 82%

The role of internet in stock market

Shen¹

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Investor information search

Cited by 71 publications

References 48 publications

Impact of E-Government on Transaction Cost and FDI Inflows: A Proposed Conceptual Framework

Impact of E-Government on Transaction Cost and FDI Inflows: A Proposed Conceptual Framework

Internet-based information and foreign direct investment (FDI) location decision making: An information cost perspective

The role of internet in stock market

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