FDI theory and foreign direct investment in the United States: a comparison of investors and non-investors
This study used discriminant function analysis on a sample of 240 non-US firms to determine if they could be correctly classified as direct investors or non-investors in the United States for each year during the five year period 1984-1988. Results were robust, correctly classifying 72.81% of all firms (5-year average). Specifically, investors were larger and more profitable than non-investors. They came from industries with higher exports to the United States, and which spend more on research and development. Unexpectedly, prior rates of industry export growth to the United States and global industry concentration did not discriminate between investors and non-investors.
Volume (Year): 4 (1995)
Issue (Month): 2 (June)
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