Country-of-origin determinants of foreign direct investment in an emerging market: the case of Mexico

Thomas, Douglas E.; Grosse, Robert

doi:10.1016/s1075-4253(00)00040-5

Cited by 74 publications

(64 citation statements)

References 27 publications

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“…On the contrary, larger cultural distances were related to lower JV dissolution rates (Park and Ungson, 1997), higher IJV (Pothukuchi et al, 2002), and cross-border acquisition performance (Morosini et al, 1998), decreased preference for greenfields (Nachum, 2003), and increased FDI into Mexico (Thomas and Grosse, 2001). Other research examined relationships using country scores on Hofstede's (1980a) cultural values while controlling for cultural distance.…”

Section: Research Challengesmentioning

confidence: 99%

A quarter century of Culture's Consequences: a review of empirical research incorporating Hofstede's cultural values framework

2006

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Since Geert Hofstede's Culture's Consequences: International Differences in Work-Related Values (Sage, 1980) was published, researchers have utilized Hofstede's cultural values framework in a wide variety of empirical studies. We review 180 studies published in 40 business and psychology journals and two international annual volumes between 1980 and June 2002 to consolidate what is empirically verifiable about Hofstede's cultural values framework. We discuss limitations in the Hofstede-inspired research and make recommendations for researchers who use Hofstede's framework in the future. Journal of International Business Studies (2006) 37, 285–320. doi:10.1057/palgrave.jibs.8400202

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Section: Research Challengesmentioning

confidence: 99%

A quarter century of Culture's Consequences: a review of empirical research incorporating Hofstede's cultural values framework

2006

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“…This composite index has been widely used in the international business literature (Barkema, et al, 1996;Flores & Aguilera, 2007;Lee, Shenkar, & Li, 2008;Loree & Guisinger, 1995;Meschi & Riccio, 2008;Park & Ungson, 1997;Thomas & Grosse, 2001;Tihanyi, Griffith, & Russell, 2005). Although other measures of cultural distance have been suggested (Barkema, et al, 1996;Drogendijk & Slangen, 2006;Park & Ungson, 1997;Ronen & Shenkar, 1985;Schwartz, 1994;Shenkar, 2001), Drogendijk and Slangen (2006) show that "it may be premature to dismiss Hofstede's work as outdated or as inaccurately reflecting national cultures".…”

Section: Measurement Of Predictor Variablesmentioning

confidence: 99%

The motives and performance of cross-border acquirers from emerging economies: Comparison between Chinese and Indian firms

Nicholson

Salaber

2013

International Business Review

168

155

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During the recent decade, the world has witnessed the rapid growth of MNEs from emerging economies. Their increasing participation in cross-border mergers and acquisitions has raised great attention in the extant literature. This study evaluates the value creation from these cross-border transactions from two representative emerging countries, namely China and India, and determines factors that result in the different performance of these international acquisition activities. Crossborder acquisitions conducted by these countries' companies indeed lead to significant shareholder wealth creation. Furthermore, Indian shareholders are more likely to benefit from deals in small cultural distance countries, while Chinese investors gain from the cross-border expansion of manufacturing companies. Location also affects the performance of cross-border acquisitions, with acquisitions into developed countries generating higher returns to shareholders. Our sample consists of 203 Indian and 63 Chinese cross-border deals over the period 2000-2010 and our results hold after controlling for various deal-level and firm-level characteristics.

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“…H4: the income, price and monetary shocks of (A) and the price of raw materials shocks impact the external variables enumerated in H3 [32][33][34][35][36][37][38][39].…”

Section: Model Formalizationmentioning

confidence: 99%

International Crises, Characterization of Contagion and Social Well-Being in Developing Countries: A Theoretical Model

Ella¹

2014

TEL

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This paper has two objectives: to characterize the exposure of developing countries to the international income, prices and monetary shocks and to calculate the social well-being in the period of contagion. Firstly, we develop a theoretical model with a world composed of two countries (developed and developing countries) and measure the level of the exposure of income in developing country to the external shocks trough external trade, international tourism, migrant transfers, external debt, foreign aid, FDI and other private financial flow channels. And, we characterize imported inflation in studying the effect of the international shocks on real exchange rate. Secondly, we search the social well-being. The results suggest that economic disequilibrium in developing country is socially optimal and that the dependence of its income to the domestic industry is necessary to reduce contagion. This conclusion is important for African countries because they import finished products for the households' consumption. In these conditions, they are exposed to the imported inflation. The domestic monetary and tax policies are not adapted to fight against inflation. Also, they produce and export raw materials essentially toward industrialized economies. Thus, they must develop the domestic industry in order to influence the demand (or prices) of raw materials and to substitute imports by domestic goods in period of hyper-inflation in advanced economies in order to reduce imported inflation.

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Country-of-origin determinants of foreign direct investment in an emerging market: the case of Mexico

Cited by 74 publications

References 27 publications

A quarter century of Culture's Consequences: a review of empirical research incorporating Hofstede's cultural values framework

A quarter century of Culture's Consequences: a review of empirical research incorporating Hofstede's cultural values framework

The motives and performance of cross-border acquirers from emerging economies: Comparison between Chinese and Indian firms

International Crises, Characterization of Contagion and Social Well-Being in Developing Countries: A Theoretical Model

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