Informal institutions’ influence on FDI flows: A configurational fsQCA analysis of corruption as part of the MNEs’ FDI motivation system

IF 5.9 1区 管理学 Q1 BUSINESS
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引用次数: 0

Abstract

Previous research has emphasised the importance of examining institutional influences on FDI attractiveness. There is, however, relatively limited research with conflicting results exploring the relationship between informal institutional effects, such as level of corruption, and FDI motivation. Addressing this gap, we adopt a configurational fsQCA-based approach to link informal institutional influences to FDI motivation driving the presence or absence of FDI flows. Conceptualising corruption as bribery and unfair business practices, we extend our understanding of informal institutional quality impact on FDI inflows. Results reveal that informal institutional effects on FDI vary across regions, with several pathways explaining the presence or absence of FDI, according to the presence or absence of corruption. We add to previous studies by identifying the conditions that, when combined with corruption, are linked to the presence or absence of FDI. Results also indicate that whilst corruption appears unimportant in preventing FDI, and is of only secondary importance in driving FDI, it appears to have importance in determining the type of MNEs’ undertaking FDI. Overall, corruption is likely determining which companies invest in a country, rather than if, traditional reasons for FDI, particularly Resource and Market seeking, being key, with strategic and efficiency-seeking also being of secondary importance.

非正式机构对外国直接投资流动的影响:对作为跨国企业外国直接投资激励机制一部分的腐败的配置性FsQCA分析
以往的研究强调了研究制度对外国直接投资吸引力影响的重要性。然而,关于腐败程度等非正式制度影响与外国直接投资动机之间关系的研究相对有限,且结果相互矛盾。为了填补这一空白,我们采用了一种基于配置的 FsQCA 方法,将非正式制度影响与外国直接投资动机联系起来,从而推动外国直接投资流动的存在与否。我们将腐败概念化为贿赂和不公平的商业行为,从而扩展了我们对非正式制度质量对外国直接投资流入影响的理解。研究结果表明,非正式制度对外国直接投资的影响因地区而异,根据腐败的存在与否,有几种途径可以解释外国直接投资的存在与否。我们对以往的研究进行了补充,确定了与腐败相结合时与是否存在外国直接投资相关的条件。研究结果还表明,虽然腐败在阻止外国直接投资方面似乎并不重要,在推动外国直接投资方面也只是次要的,但它在决定跨国企业进行外国直接投资的类型方面似乎具有重要意义。总体而言,腐败可能决定哪些公司在一国投资,而不是是否投资,外国直接投资的传统原因,特别是寻求资源和市场是关键,而寻求战略和效率也是次要原因。
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来源期刊
CiteScore
14.10
自引率
6.90%
发文量
95
审稿时长
62 days
期刊介绍: The International Business Review (IBR) stands as a premier international journal within the realm of international business and proudly serves as the official publication of the European International Business Academy (EIBA). This esteemed journal publishes original and insightful papers addressing the theory and practice of international business, encompassing a broad spectrum of topics such as firms' internationalization strategies, cross-border management of operations, and comparative studies of business environments across different countries. In essence, IBR is dedicated to disseminating research that informs the international operations of firms, whether they are SMEs or large MNEs, and guides the actions of policymakers in both home and host countries. The journal warmly welcomes conceptual papers, empirical studies, and review articles, fostering contributions from various disciplines including strategy, finance, management, marketing, economics, HRM, and organizational studies. IBR embraces methodological diversity, with equal openness to papers utilizing quantitative, qualitative, or mixed-method approaches.
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