The effect of geopolitical risks on TNC location decision from antagonizing countries in the Russian Federation in light of the Ukrainian crisis

IF 1.6 Q3 BUSINESS

Transnational Corporations Review Pub Date : 2023-12-01 DOI:10.1016/j.tncr.2023.01.002

Jihad Ait Soussane , Mohamed Yassine Fakhouri , Zahra Mansouri

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引用次数: 1

Abstract

The paper investigates the effect of geopolitical risks in the Russian Federation on foreign direct investment (FDI) from antagonizing countries in light of the Ukrainian crisis. Using the Geopolitical Risk Index (GPR), the empirical analysis works on panel data on inward FDI from 90 countries from 2007 to 2020. The estimation method of RWLS concluded that rising GPR deters flows and stocks of FDI coming from antagonizing countries, which confirms that interstate relations and geopolitical factors impact the location decision of transnational corporations. On a sectoral level, we found a negative effect in the secondary and tertiary sectors, with a greater effect in the secondary one, which indicates that vertical FDI is more sensitive to geopolitical risks than horizontal ones. However, the impact of GPR on inward FDI in the primary sector is positive, which indicates that antagonizing countries seek to control energy and mining sectors in the Russian federation during geopolitical tension.

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从乌克兰危机看地缘政治风险对来自俄罗斯联邦敌对国家的跨国公司选址决策的影响

本文以乌克兰危机为背景，研究了俄罗斯联邦的地缘政治风险对来自敌对国家的外国直接投资（FDI）的影响。利用地缘政治风险指数（GPR），对 2007 年至 2020 年 90 个国家的外来直接投资面板数据进行了实证分析。利用 RWLS 估计方法得出的结论是，地缘政治风险指数的上升会阻碍来自对立国家的外国直接投资流量和存量，这证实了国家间关系和地缘政治因素会影响跨国公司的选址决策。在部门层面上，我们发现第二产业和第三产业受到负面影响，第二产业受到的影响更大，这表明纵向外国直接投资比横向外国直接投资对地缘政治风险更加敏感。然而，地缘政治风险对第一产业外来直接投资的影响是积极的，这表明在地缘政治紧张局势下，敌对国家试图控制俄罗斯联邦的能源和矿业部门。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Transnational Corporations Review BUSINESS-

CiteScore

5.20

自引率

5.70%

发文量