Transnational Corporations Review最新文献

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The effect of foreign direct investment on economic growth in developing countries 外国直接投资对发展中国家经济增长的影响

IF 1.6 Q3 BUSINESS

Transnational Corporations Review

Pub Date : 2022-12-01 DOI: 10.1080/19186444.2022.2146967

Ezo Emako, Seid Nuru, Mesfin Menza

The article considers analysing the effect of sector-specific foreign direct investment (FDI) (the primary, secondary, and tertiary sectors) on economic growth in 19 developing countries over the period 2005–2018. Variables such as human capital, domestic investment, financial development, openness of the economy, labour force, and arable land were included as control variables. A robust two-step system generalised method of moments (GMM) was utilised for the analysis of the data. The study found that FDI’s growth effect is indeed influenced by its sectoral composition in developing countries. The finding reveals that FDI in manufacturing has a positive and statistically significant influence on economic growth, whereas FDI in the tertiary sector has a statistically significant negative effect on economic growth, but FDI in the primary sector has a negative but negligible effect on economic growth. Lastly, it can be concluded from the above results that the more manufacturing FDI that countries attract, the greater their economic growth will be. In light of this, the countries should provide special incentives like tariff reductions, tax holidays, and cheap-rented land supplies in order to attract more manufacturing sector FDI.

本文分析了2005-2018年期间19个发展中国家特定行业的外国直接投资(FDI)(第一、第二和第三产业)对经济增长的影响。控制变量包括人力资本、国内投资、金融发展、经济开放度、劳动力、耕地等。采用稳健的两步系统广义矩量法(GMM)对数据进行分析。研究发现，发展中国家FDI的增长效应确实受到其部门构成的影响。研究发现，制造业FDI对经济增长具有统计学上显著的正向影响，而第三产业FDI对经济增长具有统计学上显著的负向影响，而第一产业FDI对经济增长具有统计学上显著的负向影响，但可以忽略不计。最后，从以上结果可以得出结论，一国吸引的制造业FDI越多，其经济增长就越快。有鉴于此，各国应提供关税减免、免税期和廉价租赁土地供应等特殊激励措施，以吸引更多制造业FDI。

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引用次数: 0

Introduction for the special issue geopolitical risks and transnational corporations: the case of the Ukrainian Crisis 专题导论地缘政治风险与跨国公司:以乌克兰危机为例

IF 1.6 Q3 BUSINESS

Transnational Corporations Review

Pub Date : 2022-12-01 DOI: 10.1080/19186444.2022.2141050

Xiaotong Zhang , Érick Duchesne

This special issue aims at further understanding of geopolitical risks facing multinational corporations in the context of the Russia–Ukraine war. In the Introduction, we first provide an overview of the contributions of each article in this Special Issue. Secondly, we offer a definition of a geopolitical risk, as “an international risk provoked by geography-related acts” and explain the underlying causes of these risks as associated with evolving geopolitical structures. Thirdly, we assess the price to pay for failing to anticipate geopolitical risks, using the Ukrainian Crisis as a Case in Point. In conclusion, we propose that it is essential to increase the focus on the “geo” components of “geopolitics,” to better understand the true meanings of geopolitical risks.

本期特刊旨在进一步了解跨国公司在俄乌战争背景下面临的地缘政治风险。在引言部分，我们首先概述了本期特刊每篇文章的贡献。其次，我们给出了地缘政治风险的定义，即“由地理相关行为引发的国际风险”，并解释了这些风险与地缘政治结构演变相关的潜在原因。第三，我们以乌克兰危机为例，评估了未能预见地缘政治风险所要付出的代价。综上所述，我们建议加强对“地缘政治”的“地缘”成分的关注，以更好地理解地缘政治风险的真正含义。

引用次数: 0

Chinese transnational corporations in the Ukraine crisis: risk perception and mitigation 乌克兰危机中的中国跨国公司:风险感知与缓解

IF 1.6 Q3 BUSINESS

Transnational Corporations Review

Pub Date : 2022-12-01 DOI: 10.1080/19186444.2022.2144082

Shaohua Yan , Xu Yao , Bin Ma

As the most consequential geopolitical event in the post-Cold War era, the Ukraine Crisis has given rise to intensive debates over the impacts of geopolitics on the operation of transnational corporations. While lots of attention has been paid to the impacts of the crisis on global economies and business operations, there is still limited understanding of how Chinese transnational corporations (CTCs) perceive and respond to the geopolitical risks associated with the Ukraine crisis. This article contributes to the literature by studying the risk perceptions and mitigations of CTCs towards the Ukraine crisis. It argues that CTCs’ risk perceptions have centred on three aspects, including the Russia-Ukraine war itself, the sanctions imposed by western countries and the possible deterioration of China-EU-US relations. Based on these risk perceptions, CTCs have turned to diversified strategies to mitigate the geopolitical risks linked with the Ukraine crisis, with low-profile compliance being the dominant strategy among CTCs.

乌克兰危机作为后冷战时代最重大的地缘政治事件，引发了地缘政治对跨国公司经营影响的激烈争论。虽然危机对全球经济和商业运营的影响已经引起了很多关注，但对于中国跨国公司(ctc)如何感知和应对与乌克兰危机相关的地缘政治风险，人们的理解仍然有限。本文通过研究ctc对乌克兰危机的风险认知和缓解措施，为文献做出了贡献。它认为，ctc的风险认知集中在三个方面，包括俄乌战争本身、西方国家实施的制裁以及中国-欧盟-美国关系可能恶化。基于这些风险认知，ctc已转向采取多样化策略来减轻与乌克兰危机相关的地缘政治风险，其中低调合规是ctc的主导策略。

引用次数: 0

How political risk in host country affects FDI: an explanation for the paradox of China’s investment risk preference 东道国政治风险如何影响FDI:对中国投资风险偏好悖论的解释

IF 1.6 Q3 BUSINESS

Transnational Corporations Review

Pub Date : 2022-12-01 DOI: 10.1080/19186444.2022.2151792

Kai Liu, Wen Miao, Haoyi Jia

In recent years, the scale of China’s outward foreign direct investment has been expanding, and the political risks are also intensifying. How does political risk affect the decision-making of outward foreign direct investment? This paper collected the relevant data of 134 countries from 2003 to 2016, using the regression method of System Generalised Method of Moments. It studies the political risk preference of outward foreign direct investment in the world and China. The study found that there is no political risk preference in the world as a whole. In contrast, China’s outward foreign direct investment has obvious political risk preference. China does not have a political risk preference for developed countries. At the same time, China has shown strong default risk preference for emerging market countries and countries along the "the Belt and Road". This study adds default risk when measuring political risk, and further subdivides political risk into five categories, taking into account their internal interaction mechanism. In addition, this paper not only studies the similarities and differences of outward foreign direct investment 's political risk preferences between China and the world, but also introduces investment motivation to better explain the location choice of China’s outward foreign direct investment.

近年来，中国对外直接投资规模不断扩大，政治风险也在加剧。政治风险如何影响对外直接投资决策?本文采用系统广义矩量法(System Generalised method of Moments)的回归方法，收集了2003 - 2016年134个国家的相关数据。研究了世界各国和中国对外直接投资的政治风险偏好。研究发现，全球整体上不存在政治风险偏好。相比之下，中国对外直接投资具有明显的政治风险偏好。中国对发达国家没有政治风险偏好。与此同时，中国对新兴市场国家和“一带一路”沿线国家表现出强烈的违约风险偏好。本研究在衡量政治风险时加入了违约风险，并进一步将政治风险细分为五类，并考虑到它们之间的内在互动机制。此外，本文不仅研究了中国与世界对外直接投资政治风险偏好的异同，还引入了投资动机，以更好地解释中国对外直接投资的区位选择。

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引用次数: 0

Doe technological capabilities matter for Moroccan FDI location choice in African countries? 技术能力对摩洛哥在非洲国家的外商直接投资选址是否重要?

IF 3.5 Q3 BUSINESS

Transnational Corporations Review

Pub Date : 2022-11-23 DOI: 10.1080/19186444.2022.2145864

Jihad Ait Soussane, D. Mansouri, Z. Mansouri

引用次数: 0

Geographical determinants of foreign direct investment: evidence from sub-Saharan Africa 外国直接投资的地理决定因素:来自撒哈拉以南非洲的证据

IF 3.5 Q3 BUSINESS

Transnational Corporations Review

Pub Date : 2022-10-14 DOI: 10.1080/19186444.2022.2127393

Edmund Kwablah, Anthony Amoah

引用次数: 1

Economic freedom of the world: wholly owned subsidiaries and joint ventures as binary response 世界经济自由:全资子公司和合资企业作为二元反应

IF 3.5 Q3 BUSINESS

Transnational Corporations Review

Pub Date : 2022-10-12 DOI: 10.1080/19186444.2022.2127610

Mohd. Nadeem Bhat, Firdos Ikram, M. N. Rahman, Mohd Hammad Naeem

引用次数: 2

The impact of transformational leadership on CWBs: the moderating effect of management level in a developing country 变革型领导对CWBs的影响:发展中国家管理水平的调节作用

IF 3.5 Q3 BUSINESS

Transnational Corporations Review

Pub Date : 2022-09-22 DOI: 10.1080/19186444.2022.2118492

Mohsen Akbari, Amina Omrane, Hani Nikookar-Gohari, Ebrahim Ranji

引用次数: 2

Export performance: a study of labour and capital intensive manufacturing industries in India 出口表现:对印度劳动和资本密集型制造业的研究

IF 3.5 Q3 BUSINESS

Transnational Corporations Review

Pub Date : 2022-09-08 DOI: 10.1080/19186444.2022.2116898

Sonali M. Mohapatra

引用次数: 6

Agricultural trade, foreign direct investment and inclusive growth in developing countries: evidence from West Africa 发展中国家的农业贸易、外国直接投资和包容性增长:来自西非的证据

IF 1.6 Q3 BUSINESS

Transnational Corporations Review

Pub Date : 2022-09-01 DOI: 10.1080/19186444.2021.1936986

Romanus Osabohien , Badar Alam Iqbal , Evans S. Osabuohien , Muhammad Kaleem Khan , Dong Phong Nguyen

This study examines how agricultural trade and Foreign Direct Investment (FDI) influence inclusive growth in developing countries, using the case of West Africa. It engages data obtained from various World Bank sources for 15 West African countries that are members of the Economic Community of West African States (ECOWAS) for the period 2000–2019. The study calculates inclusive growth using the Principal Component Analysis (PCA) and applies the Two-stage Least Squares (2SLS) to resolve the possible issue of endogeneity. The findings show, among others, that agricultural trade is significant in explaining the level of inclusive growth. It implies that a 1% increase in agricultural trade may increase inclusive growth by 0.88% (first stage) and 0.99% (second stage), respectively. In contrast, FDI is insignificant in explaining inclusive growth. Therefore, the study recommends that effective policies such as flexible trade policies to enhance the exchange of goods and services should be implemented, which is crucial given the need for more resilience in post-COVID-19 ECOWAS.

摘要本研究以西非为例，考察了农业贸易和外国直接投资(FDI)如何影响发展中国家的包容性增长。它采用了从世界银行各种来源获得的2000-2019年期间西非国家经济共同体(西非经共体)成员国15个西非国家的数据。本研究使用主成分分析(PCA)计算包容性增长，并应用两阶段最小二乘法(2SLS)来解决可能存在的内生性问题。研究结果表明，除其他外，农业贸易在解释包容性增长水平方面具有重要意义。这意味着，农业贸易每增加1%，包容性增长将分别提高0.88%(第一阶段)和0.99%(第二阶段)。相比之下，外国直接投资在解释包容性增长方面是微不足道的。因此，该研究建议，应实施有效政策，如灵活的贸易政策，以加强商品和服务的交换，鉴于西非经共体在后covid -19时期需要增强抵御能力，这一点至关重要。

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引用次数: 0

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