Does Corporate Governance or Transparency Affect Foreign Direct Investment

Content Provider	Semantic Scholar
Author	Kim, Haksoon
Copyright Year	2010
Abstract	The paper investigates the relationship between the foreign direct investment (FDI) and the corporate governance or transparency by investigating the country-level FDI flows, FDI inward performance, corporate governance and transparency variables. From the regression analysis with Newey-West estimator of 28 country panel data from 19902002, we find strong positive relationships between corporate governance or transparency level of hosting countries and FDI inward performance within hosting countries. A strong positive relationship is found between anti-director rights level or number of analysts of hosting countries and FDI inward performance within hosting countries. Also, we find a positive relationship between the number of analysts of hosting countries and FDI inflows. The empirical results are consistent with stock market liberalizations and corporate governance explanations of reasons for FDI. Keywords—corporate governance, corporate transparency, FDI flows, FDI inward performance
Starting Page	1694
Ending Page	1701
Page Count	8
File Format	PDF HTM / HTML
Volume Number	4
Alternate Webpage(s)	http://waset.org/publications/11894/does-corporate-governance-or-transparency-affect-foreign-direct-investment-
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article