Determinants of the Choice of Foreign Direct Investment Modes: An Empirical Analysis of Multinational Enterprises in Kazakhstan

• 영문명: 다국적기업의 카자흐스탄 해외직접투자 방식 결정요인에 관한 실증연구
• 발행기관: 한국이슬람학회
• 저자명: Wonchan Ra Vitaliy Tsoy
• 간행물 정보: 『한국이슬람학회논총』제32권 3호, 205~247쪽, 전체 43쪽
• 주제분류: 인문학 > 종교학
• 파일형태: PDF
• 발행일자: 2022.10.31

영문 초록

Multinational enterprises (MNEs) have recently increased their presence in Kazakhstan, but research on their choice of foreign direct investment (FDI), a major form of entry, has not been sufficiently conducted despite its significance for firm strategy and the local economy. This study addresses the determinants of the choice of FDI modes by foreign firms in Kazakhstan, focusing on two major FDI modes, i.e., setting up a joint venture (JV) or a wholly owned subsidiary (WOS). Six hypotheses on how country-level factors affect MNEs’ choice between the two modes were established. Using secondary data on 187 firms from 41 countries operating in Kazakhstan as of 2019, a binomial logistic regression was conducted to test the hypotheses. The results show that a longer cultural distance, a higher corruption level, and a weaker economic relationship between home and host

목차

I. Introduction

II. Literature Review

III. Hypotheses

IV. Research methodology

V. Conclusion

키워드

해외직접투자 해외시장진입 해외시장 진입방식 선택 카자흐스탄 Foreign direct investment foreign market entry modes foreign market entry mode choice Kazakhstan