Exploring South Korean Foreign Direct Investment Motives and State-Level Location Decisions: US Evidence 1995–2008

IF 2.2 Q3 BUSINESS

Thunderbird International Business Review Pub Date : 2025-03-03 DOI:10.1002/tie.22433

Jae-Yeon Kim, Myropi Garri, Malcolm Beynon, David Pickernell

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Abstract

This study uses a novel application of panel fuzzy-set qualitative comparative analysis (fsQCA) in the international management field. utilizing a unique database capturing reasons for foreign direct investment (FDI), and state-level location, we explain location decisions of high-technology South Korean (henceforth Korean) multinational enterprises (MNEs), when first entering the United States of America (henceforth US), from 1995 until the 2008 financial crisis. Various home country conditions, combined with a desire for technological upgrading, encouraged firms to seek locational advantages. Additionally, rather than assuming FDI to be driven by a single purpose over time, the addition of regional characteristics allows a typology of reasons for Korean FDI to be developed. We show evolving Korean FDI trends in the US with home country and regional perspectives interacting to attract FDI into US states with different characteristics, arguing this is consistent with US policy seeking to attract inward investment to foster economic development.

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探讨韩国外商直接投资动机与国家层面的区位决策：美国1995-2008年的证据

本研究将面板模糊集定性比较分析法（fsQCA）应用于国际管理领域。利用一个独特的数据库，捕捉外国直接投资（FDI）的原因和国家层面的区位，我们解释了韩国（以下简称韩国）高科技跨国企业（MNEs）在1995年至2008年金融危机期间首次进入美国（以下简称美国）时的区位决策。不同的母国条件，加上技术升级的愿望，鼓励企业寻求区位优势。此外，与其假设外国直接投资在一段时间内是由单一目的驱动的，不如增加区域特征，从而可以为韩国外国直接投资的发展提供一种类型的原因。我们展示了韩国在美国的外国直接投资趋势，其母国和地区观点相互作用，以吸引具有不同特征的美国各州的外国直接投资，并认为这与美国寻求吸引内向投资以促进经济发展的政策是一致的。

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

Thunderbird International Business Review BUSINESS-

CiteScore

4.30

自引率

9.10%

发文量

期刊介绍： Thunderbird International Business Review is a peer-reviewed journal that is published six times a year in cooperation with the Thunderbird School of Global Business Management, the world"s leading institution in the education of global managers. The journal"s aim is to advance and disseminate research in the field of international business. Its main target audience includes academicians and executives in business and government who have an interest in international business.