Does Moroccan Diaspora play a role in the location of Moroccan FDI? An empirical investigation on outward FDI into 46 host countries

IF 1.6 Q3 BUSINESS Transnational Corporations Review Pub Date : 2024-03-23 DOI:10.1016/j.tncr.2024.200054

Jihad Ait Soussane, Amine Chentouf, Zahra Mansouri

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Abstract

The paper investigates the impact of the Moroccan diaspora in host countries on attracting foreign direct investment from Moroccan Multinational Enterprises. Utilizing cross-sectional data encompassing outward FDI to 46 countries hosting Moroccan migrants, the Robust Weighted Least Squares estimation method reveals a positive association between the size of the Moroccan diaspora and outward FDI. These results affirm the central hypothesis, highlighting the significant role of social networks, such as diaspora, in fostering connectivity between the MNE and its subsidiaries, mitigating foreignness liabilities and psychic distance. Moreover, the study unveils a nuanced perspective: technological capabilities and institutional quality act as negative moderators, shaping a multifaceted relationship. These findings enrich our comprehension of diaspora-driven FDI dynamics, providing fresh insights into the moderating influences of technological capabilities and institutional quality in the realm of outward FDI from Morocco.

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散居国外的摩洛哥人在摩洛哥外国直接投资的选址中起作用吗？对 46 个东道国外向外国直接投资的经验调查

本文研究了东道国的摩洛哥侨民对吸引摩洛哥跨国企业外国直接投资的影响。利用包含 46 个摩洛哥移民接收国对外直接投资的横截面数据，稳健加权最小二乘法估计方法揭示了摩洛哥侨民规模与对外直接投资之间的正相关关系。这些结果证实了中心假设，强调了社会网络（如侨民）在促进跨国企业与其子公司之间的联系、减轻异国责任和心理距离方面的重要作用。此外，研究还揭示了一个微妙的视角：技术能力和制度质量起到了负面调节作用，塑造了一种多方面的关系。这些发现丰富了我们对散居国外者驱动的外国直接投资动态的理解，为摩洛哥对外直接投资领域的技术能力和制度质量的调节作用提供了新的见解。

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Transnational Corporations Review BUSINESS-

CiteScore

5.20

自引率

5.70%

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