Corruption and Cross-Border Investment in Emerging Markets : Firm-Level Evidence

This paper studies the joint impact of corruption on the entry mode and volume of inward foreign direct investment (FDI) using a unique firm-level data set. We find that corruption not only reduces inward FDI, but also shifts the ownership structure towards joint ventures. The latter finding supports the view that corruption increases the value of using a local partner to cut through the bureaucratic maze. However, R&D intensive firms are found to favor sole ownership

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Year of publication:	2011
Authors:	Javorcik, Beata K. Smarzynska
Other Persons:	Wei, Shang-jin (contributor)
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Korruption \| Corruption \| Schwellenländer \| Emerging economies \| Auslandsinvestition \| Foreign investment \| Welt \| World \| Multinationales Unternehmen \| Transnational corporation \| Portfolio-Investition \| Foreign portfolio investment

Extent:	1 Online-Ressource (32 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of International Money and Finance, Vol. 28, pp. 605-624, 2009 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 1, 2009 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013119165