Institutional distance and Turkey’s outward foreign direct investment

This study empirically examines the relation between institutional distance (ID) and Turkey’s outward foreign direct investment (TODI). The empirical results use panel data from 2002 to 2016 to show that TODI is attracted to countries with better institutional quality. We also find that host country...

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Detalles Bibliográficos
Autores principales: Heavilin, Jason, Songur, Hilmi
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2020
Materias:
Full length Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7378015/
https://www.ncbi.nlm.nih.gov/pubmed/34173406
http://dx.doi.org/10.1016/j.ribaf.2020.101299
Descripción
Sumario:This study empirically examines the relation between institutional distance (ID) and Turkey’s outward foreign direct investment (TODI). The empirical results use panel data from 2002 to 2016 to show that TODI is attracted to countries with better institutional quality. We also find that host country political stability, government effectiveness, control of corruption, and rule of law attract TODI. We also document that TODI is positively related to cultural distance (CD) and ID is not moderated by CD.

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