Foreign Direct Investment and Investment under Uncertainty
AbstractWe show that in uncertain environments ownership and internalization advantages may be negatively rather than positively associated with FDI. This reversal from extant theory occurs because ownership advantages often serve to make FDI delayable, while internalization advantages often serve to make it less reversible. When FDI becomes either more delayable or less reversible, it is less likely to occur at a point in time. Our approach enriches the “who,” “Where“why” explanations offered by current FDI theory to incorporate the question of “when.”© 1996 JIBS. Journal of International Business Studies (1996) 27, 335–357
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Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Journal of International Business Studies.
Volume (Year): 27 (1996)
Issue (Month): 2 (June)
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Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
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