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부패 압력이 다국적기업의 후속 투자에 미치는 영향: 베트남 시장을 중심으로

The Impact of Corruption on MNE’s Sequential Investment

강지훈
경영경제연구소 (management & economic research institute)|2020.03|아태비즈니스연구 ((APJB) Asia Pacific Journal of Business)|제11권 제1호|pp. 77-91|DOI https://doi.org/10.32599/apjb.11.1.202003.77

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참고문헌

키워드

CorruptionSequential InvestmentInformation Acquisition CapabilityPolitical Tie

초록

Purpose - The purpose of this study is to examines the effect of corruption pressure in host country on sequential investment. The study further investigates how the information acquisition capacity of MNEs and the political tie in the host country had a moderating effect on the relationship between corruption and sequential investment. Design/methodology/approach - Ordered logistic regression is hired to analyze 1,260 MNEs’ sequential investment in Vietnam. Findings - The empirical results of this study demonstrate the more MNEs perceive the strong level of pressure to be corrupt in the local market, the less they are likely to invest. The information acquisition capacity of MNEs has been shown to mitigate the negative effects of corruption pressures on sequential investments, while the moderating effect of political tie in host country is partially supported. Research implications or Originality - This study identified that the corruption pressures of host countries negatively affect not only MNEs that are entering, but also the ones that have already entered host countries; the corruption discourages any sequential investment for existing MNEs. By suggesting two moderating variables, this study will provide managerial implications for MNEs and managers who face corruption pressure in host countries.

Abstract

Purpose - The purpose of this study is to examines the effect of corruption pressure in host country on sequential investment. The study further investigates how the information acquisition capacity of MNEs and the political tie in the host country had a moderating effect on the relationship between corruption and sequential investment. Design/methodology/approach - Ordered logistic regression is hired to analyze 1,260 MNEs’ sequential investment in Vietnam. Findings - The empirical results of this study demonstrate the more MNEs perceive the strong level of pressure to be corrupt in the local market, the less they are likely to invest. The information acquisition capacity of MNEs has been shown to mitigate the negative effects of corruption pressures on sequential investments, while the moderating effect of political tie in host country is partially supported. Research implications or Originality - This study identified that the corruption pressures of host countries negatively affect not only MNEs that are entering, but also the ones that have already entered host countries; the corruption discourages any sequential investment for existing MNEs. By suggesting two moderating variables, this study will provide managerial implications for MNEs and managers who face corruption pressure in host countries.

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관련 논문AI추천

Country of Origin and Perceived Government Corruption in Host Countries김태중, 홍성진경영경제연구소 · 경영경제연구2021 · 제43권 제1호해외직접투자 결정요인에 관한 연구: 경제자유화와 부패에 대한 새로운 시각김대중, 남현정, 박선화경영경제연구소 · 아태비즈니스연구2019 · 제10권 제4호해외직접투자기업의 후속투자 결정요인에 관한 연구: 한국 진출 다국적기업을 중심으로박종필, 윤우진한국국제경영학회 · 국제경영연구2017 · 제28권 제3호The Impact of Corruption on a Country’s FDI Attractiveness: A Panel Data Analysis, 1984-2004Jung-Yeop Woo국제학연구소 · Journal of International and Area Studies2010 · 제17권 제2호개발도상국 기업의 부패 경험과 소유구조가 기업 성과에 미치는 영향임형록, 최성진, 최윤형한국전략경영학회 · 전략경영연구2017 · 제20권 제3호다국적기업의 투자대상국내 거래 네트워크 구축 노력과 후속투자간 관계에 관한 실증분석서민교, 한병섭한국산업경영학회 · 경영연구2004 · 제19권 제4호

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