The Determinants of Turkish Outward Foreign Direct Investment

Autor:	Ismail Armutlulu, Cem Canel, brahim An l, Rebecca Porterfield
Rok vydání:	2011
Předmět:	Political risk Turkish business.industry Central asia General Engineering Developing country International economics International trade International business Foreign direct investment language.human_language General theory language Business Developed country
Zdroj:	Modern Economy. :717-728
ISSN:	2152-7261 2152-7245
DOI:	10.4236/me.2011.25080
Popis:	The general theory of Foreign Direct Investment (FDI) has been built on the experience of developed countries’ investors. Therefore, there is an extensive amount of literature about firm behaviors in developed countries. Some researchers have started investigating why, how and when developing countries’ firms engage in outward FDI. All of these studies have shown that the FDI determinants of firms in newly industrialized economies (NIEs) are different from the FDI determinants of firms in developed economies. This study investigates the entry mode and location choice determinants of Turkish firms’ outward direct investments, which are operating in Central Asia, Russia and Balkan Countries, over the period of 1989 to 2005. We find that these investments are associated with high levels of economic and political risks, cultural proximity and lack of ownership advantages. The main purpose of this study is to provide new evidence for these NIE’s outward determinants.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::1b21a42961912f5ed77746f45a710915 https://doi.org/10.4236/me.2011.25080 Zobrazit plný text záznamu