Strategies and Performance of Korean Foreign Direct Investment in Russia
1
조회
0
다운로드
1
인용
0
참고문헌
키워드
초록
This paper investigates the motives and performance of Korean firms’ foreign direct investment (FDI) in Russia based on survey data and empirical analysis. The results show that the purpose of Korean FDI in Russia is to pursue the local market rather than to utilize low labor costs, giving support to the argument that the motives of FDI in Russia are market-seeking. It is also found that firm size was important for improving the performance. The level of firms’ sales will be better off as local subsidiaries decide on the new facility and level of prices on products, and Mother Companies choose where to procure materials. This shows that the motive and localization management is important for FDI performance.
Abstract
This paper investigates the motives and performance of Korean firms’ foreign direct investment (FDI) in Russia based on survey data and empirical analysis. The results show that the purpose of Korean FDI in Russia is to pursue the local market rather than to utilize low labor costs, giving support to the argument that the motives of FDI in Russia are market-seeking. It is also found that firm size was important for improving the performance. The level of firms’ sales will be better off as local subsidiaries decide on the new facility and level of prices on products, and Mother Companies choose where to procure materials. This shows that the motive and localization management is important for FDI performance.
참고문헌 (20)
- Brainard, S. L., "An Empirical Assessment of the Proximity-Concentration Trade-off between Multinational Sales and Trade", American Economic Review, 87(4) (1987)
- Dunning, J. H., "Multinational Enterprises and the Global Economy" (1993), Addison-Wesley
- Dunning, J. H., "The Electric Paradigm as an Envelope for Economic and Business Theories of MNE Activity", International Business Review, 9 (2000)
- Are Janpanese Firms Failing to Catch up in Localization? An Empirical Analysis Based on Affiliates-level Data of Japanese Firms and a Case Study of the Automobile Industry in China, "Fukao, Kyoji", Hitosuhashi University Research Unit for Statistical Analysis in Social Sciences, ~, pp.Discussion Paper Series, no. 191 (2006)
- Head, Keith, "Exporting and FDI as Alternative Strategies", Oxford Review of Economy Policy, 20(3) (2004)
- Jee, M. N., "Korean Firms Invested in China. in: Survey of Management Practices and Implications. (In Korean)" (2005), Korea Institute for International Economic Policy
- Kim, J., "Outward FDI and Exports: The Case of South Korea and Japan", Journal of Asian Economics, 8(1) (1997)
- Kim, Y., "Localization Strategy of Korean Corporations Entering into North America Markets", The Korean Journal of International Business, 12 (2001)
- Kneller, Richard, "Export-Oriented FDI in the UK", Oxford Review of Economy Policy, 20(3) (2004)
- Kohli, A. K., "Market Orientation: The Construct, Research Propositions, and Managerial Implications", Journal of Mark, 54 (1990)
- Kuvshinova O., "Regiony v Krizise", Vedomosti, (135) (2009)
- Foreign direct investment and economic growth: Empirical evidence from Russian regions, "Ledyaeva, S", Institute for Economics in Transition Bank of Finland, ~, pp.BOFIT Discussion Papers 17 (2006)
- Lee, Byung Hee, "Level of human resource localization and organizational performance of foreign invested enterprises", The proceeding papers in Korean Academy of International Business Management (2009)
- Lee, J. Y., "Korean Firm’s Investment and Future Agenda in Russia. (In Korean)" (2008), Korea Institute for International Economic Policy
- Lee, S. B., "New Trends and Performance of Korean Outward FDI after the Financial Crisis", International Finance Review, 7 (2006)
- Lee, S. C., "Management Survey of Korean Firms in India and Strategies for Localization. (In Korean)" (2006), Korea Institute for International Economic Policy
- Leitao, Nuno Carlos, "Localization Factors and inward direct investment in Greece", Theoretical and Applied Economics, 17 (2010)
- "Performance of FDI and Localization: An Empirical Study of Taiwanese Firms in China," Thesis, Business Adminstration and Graduate institute of Manageme"[URL]
- World Investment Report 1998: Trends and Determinants, "World Bank", ~ (1998)
- World Investment Report 2007: Transnational Corporations, Extractive Industries and Development, "World Bank", ~ (2007)