Free Market Institutions and FDI Performance in Emerging Asian Economies
Journal Title: International Journal of Management and Economics - Year 2016, Vol 0, Issue 52
Abstract
This paper examines long-term developments in the quality and efficiency of free market institutional systems across thirteen emerging economies from South, South-east, and East Asia over the 1995–2014 period. The paper also empirically assesses the impact of free market institutions on a country’s inward foreign direct investment (FDI) performance. We find that the free market institutional framework in most economies is still relatively inefficient, restrictive, and underdeveloped but has, nevertheless, substantially improved during the last twenty-year period. Our empirical results also indicate that a free market institutional system in a host-country is a factor that attracts inward FDI to emerging Asian economies by multinational companies. Consequently, policy makers should focus on further improving the quality of free market institutions.
Authors and Affiliations
Klimis Vogiatzoglou
Keywords
Related Articles
- EP ID EP182275
- DOI 10.1515/ijme-2016-0026
- Views 60
- Downloads 0
Size, Value, and Momentum in Polish Equity Returns: Local or International Factors?
This paper tests the performance of the Capital Asset Pricing Model (CAPM) and the Fama-French three-factor and Carhart four-factor models on the Polish market. We use stock level data from April 2001 to January 2014 and...
Examining the Behavior of Credit Rating Agencies Post 2008 Economic Turmoil
The demand for sovereign ratings has increased throughout last decades. Until the1990’s, credit rating agencies (CRAs) did not rate most of the emerging markets and the focus was almost only on developed countries, howev...
Sustainability-oriented cross-functional collaboration to manage trade-offs and interdependencies
Despite a consensus view in the literature about the importance of cross-functional collaboration (CFC) for corporate environmental performance improvement, there is a dearth of studies that explain how exactly sustainab...
Exploring Links Between Engaging Customers in Value Co-Creation and Product Innovativeness
The study examines the hypothesis that firms engaging customers in value co-creation tend to display more innovativeness. As such, it is one of the few quantitative studies on the link between these two concepts. Custome...
A Dyadic Perspective on Determinants of Entry Choices in the Global Hospitality Industry
This paper discusses the firm-level determinants of international hotels’ foreign markets entry choices, contrasting acquisition with management and franchise contracts, based on a resource-dependency perspective and app...