Foreign direct investment as a signal

被引:6
|
作者
Koska, Onur A. [1 ]
Ngo Van Long [2 ,3 ]
Staehler, Frank [4 ,5 ,6 ]
机构
[1] METU, Ankara, Turkey
[2] McGill Univ, Montreal, PQ, Canada
[3] Univ Tasmania, Hobart, Tas, Australia
[4] Univ Tubingen, Mohlstr 36, D-72074 Tubingen, Germany
[5] Univ Adelaide, Adelaide, SA, Australia
[6] CESifo, Munich, Germany
关键词
HETEROGENEOUS FIRMS; INTERNATIONAL-TRADE; PRODUCTIVITY; FDI; INFORMATION; STRATEGIES; DECISION; EXPORT;
D O I
10.1111/roie.12303
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper models oligopolistic competition among potential multinational firms in an environment of firm heterogeneity, incomplete information on costs, and strategic interactions. We show that foreign direct investment is more likely if it can serve as a signal of productivity in an environment of incomplete information as firms would like to avoid sending a low productivity signal. Our model shows that this effect is strong enough such that foreign direct investment can be an optimal foreign entry mode even if trade costs are zero.
引用
收藏
页码:60 / 83
页数:24
相关论文
共 50 条
  • [1] Foreign direct investment
    Linsi, Lukas
    LANGUAGE OF WORLD TRADE POLITICS: UNPACKING THE TERMS OF TRADE, 2019, : 50 - 63
  • [2] Foreign direct investment
    不详
    STATISTICA, 2005, 65 (03) : 342 - 342
  • [3] Foreign direct investment
    不详
    MANUFACTURING ENGINEERING, 2005, 135 (02): : 28 - +
  • [4] Foreign Direct investment and Investment Climate
    Bayraktar, Nihal
    INTERNATIONAL CONFERENCE ON APPLIED ECONOMICS (ICOAE) 2013, 2013, 5 : 83 - 92
  • [5] Foreign Direct Investment and Investment Policy
    Bolotov, Ilya
    PRAGUE ECONOMIC PAPERS, 2018, 27 (03): : 375 - 376
  • [6] Foreign Direct Investment vs. Foreign Portfolio Investment
    Wu, Jun
    Li, Shaomin
    Selover, David D.
    MANAGEMENT INTERNATIONAL REVIEW, 2012, 52 (05) : 643 - 670
  • [7] Is foreign direct investment to China crowding out the foreign direct investment to other countries?
    Resmini, Laura
    Siedschlag, Iulia
    CHINA ECONOMIC REVIEW, 2013, 25 : 1 - 16
  • [8] Foreign direct investment and investment under uncertainty
    Rivoli, P
    Salorio, E
    JOURNAL OF INTERNATIONAL BUSINESS STUDIES, 1996, 27 (02) : 335 - 357
  • [9] INVESTMENT ATTRACTIVENESS OF SLOVAKIA AND FOREIGN DIRECT INVESTMENT
    Tancosova, Judita
    PROCEEDINGS OF THE 8TH INTERNATIONAL CONFERENCE ON ECONOMIC POLICY IN THE EUROPEAN UNION MEMBER COUNTRIES, 2010, : 458 - 462
  • [10] FOREIGN DIRECT INVESTMENT IN CHINA
    Zhang, Kevin H.
    CANADIAN FOREIGN POLICY, 2006, 13 (02): : 35 - 50