The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
Ownership Structure in Foreign Direct Investment Projects
Open accessAbstract
This paper develops a theoretical model of equity composition in foreign direct investment (FDI) projects and applies it empirically to examine the role of firm, industry, and country characteristics in ownership structure. The results show that in choosing the ownership structure, foreign investors, local entrepreneurs, and governments consider the specific, costly-to-market assets that the participants and the country bring to the project. The equilibrium foreign equity share rises with the importance of foreign investor assets and declines with the contribution of local assets towards the amount of surplus generated in the FDI project. Government policy and institutional structure of the host country affect the outcome through the form of regulations that apply to FDI, the environment established for the operation of FDI projects, and the roles created for local entrepreneurs.
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Cites
Johanson, J., & Vahlne, J.-E. (1977) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8490676 · Cited by 10,861
La Porta, R. (1999) · Journal of Law, Economics, and Organization · doi:10.1093/jleo/15.1.222 · Cited by 5,699
A transaction costs theory of equity joint ventures
Hennart, J. (1988) · Strategic Management Journal · doi:10.1002/smj.4250090406 · Cited by 1,843
The institutional environment for multinational investment
Henisz, W. (2000) · Journal of Law, Economics, and Organization · doi:10.1093/jleo/16.2.334 · Cited by 1,476
International Technology Transactions and the Theory of the Firm
Davidson, W. H., & McFetridge, D. G. (1984) · The Journal of Industrial Economics · doi:10.2307/2098016 · Cited by 153
Cited by
On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different?
Asiedu, E. (2002) · World Development · doi:10.1016/s0305-750x(01)00100-0 · Cited by 1,760
Self-citationThe institutional environment for multinational investment
Henisz, W. (2000) · Journal of Law, Economics, and Organization · doi:10.1093/jleo/16.2.334 · Cited by 1,476
Democracy, foreign direct investment and natural resources
Asiedu, E., & Lien, D. (2011) · Journal of International Economics · doi:10.1016/j.jinteco.2010.12.001 · Cited by 627
Self-citationJavorcik, B. S., & Spatareanu, M. (2008) · Journal of Development Economics · doi:10.1016/j.jdeveco.2006.08.005 · Cited by 493
Corruption and cross-border investment in emerging markets: Firm-level evidence
Javorcik, B. S., & Wei, S.-J. (2009) · Journal of International Money and Finance · doi:10.1016/j.jimonfin.2009.01.003 · Cited by 351
Metadata
- Authors
- Asiedu, E., & Esfahani, H. S.
- Venue
- Review of Economics and Statistics
- Publisher
- MIT Press - Journals
- Published
- 2001-11
- Volume
- 83
- Issue
- 4
- Pages
- 647-662
- ISSN
- 0034-6535 (ISSN-L)
- 1530-9142
- OpenAlex
- W3122506565
- Cited by
- 192
- References
- 5
- FWCI
- 22.10
- Type
- journal article
- Language
- en
- Open access
- bronze
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- Asiedu, E., & Esfahani, H. S. (2001). Ownership Structure in Foreign Direct Investment Projects. Review of Economics and Statistics. https://doi.org/10.1162/003465301753237731
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.