Ownership Control of Foreign Affiliates: A Property Rights Theory Perspective

Driffield, Nigel; Mickiewicz, Tomasz; Temouri, Yama

doi:10.2139/ssrn.2862968

Cited by 2 publications

(4 citation statements)

References 111 publications

(52 reference statements)

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“…This finding is consistent with the findings by Uhlenbruck et al (2006) which shows that local bribery demands may deter firm entry and Desai et al (2003) who found that corruption significantly reduces firm entry into new economies. This findings also seem to support the assertion that corruption has negative impact on foreign-local joint ventures (Driffield et al, 2010;Duanmu, 2011;Tekin-Koru, 2006). The findings by Fisman and Svensson (2007) show that the negative impacts of bribes on firm activity are higher than the corresponding impacts of taxation with substantially large magnitudes for both.…”

Section: Probit Model Results Of Foreign Firms and Corruptionsupporting

confidence: 71%

“…Duanmu (2011) found that the higher corruption distance it is between countries which are less corrupt and a corrupt one, the higher probability that their multinational enterprises will choose wholly owned subsidiary over joint venture. The finding by Driffield et al (2010) also supports this assertion. The technological content of a foreign investment varies with the ownership composition of the investment.…”

Section: Firm Sizesupporting

confidence: 68%

“…The study also contributes to literature by finding the impact of corruption on foreign firms' ownership in Africa. Earlier studies elsewhere focused on the impact of corruption on joint venture of foreign and local firms (Driffield et al, 2010;Duanmu, 2011;Tekin-Koru, 2006).…”

Section: Introductionmentioning

confidence: 99%

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Foreign Ownership of Firms and Corruption in Africa

Abotsi

2015

SSRN Journal

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The study finds the impact of the percentage of total annual sales of a firm paid as informal payments to public officials (bribes) on foreign ownership of firms in Africa while controlling for other variables outside the country of origin of investment. The study used secondary data from the World Business Environment Survey conducted by the World Bank. In all 3290 firms made up of the manufacturing, services and retail sectors are included in the analysis. The Tobit and probit estimation techniques were used. The results indicate that the percentage of total annual sales of the firm paid as informal payments to the public officials has a negative and highly significant impact on foreign ownership of firms in Africa. African leaders should therefore institute policies to control corruption in order to boost foreign investors' confidence in their economies.

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Section: Probit Model Results Of Foreign Firms and Corruptionsupporting

confidence: 71%

Section: Firm Sizesupporting

confidence: 68%

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Foreign Ownership of Firms and Corruption in Africa

Abotsi

2015

SSRN Journal

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“…The concept of property rights by squatting is also relevant, highlighting the potential for adverse possession statutes to impact ownership rights (Baker et al 2001). Changes in ownership are affected by the foreign affiliate's relatedness with its parent's sector (Driffield, Mickiewicz, and Temouri 2016). Foreign-invested enterprises have the same scope of land use rights as Vietnamese enterprises (Khanh 2020).…”

Section: Introductionmentioning

confidence: 99%

Possession Rights over Reclaimed Land: A Legal Analysis of Foreign Legal Entities Ownership Status

Suganda

2023

walrev

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Rapid population growth without a corresponding increase in land availability can lead to issues such as a significant long-term rise in land prices. Reclamation emerges as an option to assist communities in obtaining land at affordable prices. However, the implementation of reclamation must adhere to the terms and regulations set by the government, including provisions related to foreign legal entities intending to engage in reclamation activities. This article employs a normative juridical approach and juridical analysis methods. The findings indicate that foreign legal entities can undertake reclamation activities by legal requirements governing individual and corporate legal entities, whether local or foreign, provided they have obtained reclamation permits. Foreign legal entities are allowed to have land rights in the reclaimed area, but the land status is in the form of usage rights and lease rights after obtaining permission from the government. In conclusion, implementing reclamation by foreign legal entities necessitates compliance with applicable regulations and requirements to ensure the sustainability and success of these activities. Pertumbuhan penduduk yang cepat tanpa disertai peningkatan luas lahan dapat menimbulkan masalah, seperti kenaikan harga tanah yang signifikan dalam jangka panjang. Reklamasi menjadi opsi untuk membantu masyarakat memperoleh tanah dengan harga terjangkau. Namun, pelaksanaan reklamasi harus mematuhi syarat dan ketentuan pemerintah, termasuk ketentuan terkait subjek hukum asing yang ingin melakukan kegiatan reklamasi. Artikel ini menggunakan pendekatan yuridis normatif dan metode analisis yuridis. Hasil kajian menunjukkan bahwa subjek hukum asing dapat melakukan reklamasi sesuai dengan persyaratan hukum yang mengatur subjek hukum baik perorangan maupun badan hukum, baik lokal maupun asing, asalkan telah memperoleh izin reklamasi. Untuk subjek hukum asing, diperbolehkan memiliki hak atas tanah reklamasi, namun status tanahnya berupa hak pakai dan hak sewa setelah mendapatkan izin dari pemerintah. Kesimpulannya, penerapan reklamasi oleh subjek hukum asing memerlukan ketaatan terhadap regulasi dan persyaratan yang berlaku untuk memastikan keberlanjutan dan keberhasilan kegiatan tersebut.

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Ownership Control of Foreign Affiliates: A Property Rights Theory Perspective

Cited by 2 publications

References 111 publications

Foreign Ownership of Firms and Corruption in Africa

Foreign Ownership of Firms and Corruption in Africa

Possession Rights over Reclaimed Land: A Legal Analysis of Foreign Legal Entities Ownership Status

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