Foreign Direct Investment and Corruption
Multinational Enterprises’ Behaviour in Corrupt Environments
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Beschreibung
This open access book provides theory and evidence on the corruption mechanisms that affect multinational enterprises’ investment behaviour. The mechanisms are formalised using small-scale modelling of market corruption cost and uncertainty effects in an integrated theoretical framework, which accounts for Cournot competitor behaviour or the enterprise’s market entry, ongoing operations, and exit in a two-stage game. These are empirically examined using rich data on Swedish enterprises’ production activities and market outreach in the manufacturing, mining and quarrying, communication and information services, financial and insurance services, and professional, scientific and technical services industries. Corruption effects are identified from market entry, investment, and exit regressions and quantified by marginal effects.
The book offers an analytical grounding and systematic industry evidence relevant to graduate students, researchers and policymakers interested in enterprise investment incentives in corrupt systems.
Susanna Thede is an Associate Professor at the Institute for European Studies, University of Malta, and a Research Affiliate at Örebro University School of Business, Sweden. Her expertise in multinational enterprise behaviour builds on empirical analyses of large data sets. She has experience in policy-relevant research and education from various academic institutions.
Daniel Gravino is a Senior Lecturer at the Department of Economics, University of Malta. His expertise in multinational enterprise behaviour builds on theoretical analyses of strategic investment decisions. He has experience informing policy and practice in the public and private sector.
This open access book provides theory and evidence on the corruption mechanisms that affect multinational enterprises’ investment behaviour. The mechanisms are formalised using small-scale modelling of market corruption cost and uncertainty effects in an integrated theoretical framework, which accounts for Cournot competitor behaviour or the enterprise’s market entry, ongoing operations, and exit in a two-stage game. These are empirically examined using rich data on Swedish enterprises’ production activities and market outreach in the manufacturing, mining and quarrying, communication and information services, financial and insurance services, and professional, scientific and technical services industries. Corruption effects are identified from market entry, investment, and exit regressions and quantified by marginal effects.
The book offers an analytical grounding and systematic industry evidence relevant to graduate students, researchers and policymakers interested in enterprise investment incentives in corrupt systems.
This book is open access, which means that you have free and unlimited access Utilises original research and data analysis, with a particular focus on Sweden Analyses firm behaviour over a significant period of time, from 1997 through to 2015 Presents policy-relevant findings that can be implemented by multinational enterprises and governments
Autor*in
Susanna Thede
Themen in »Foreign Direct Investment and Corruption«
Open Access Multinational investments in corrupt market environments Multinational enterprises’ investment behaviour Investment decisions and corrupt practices Institutional deterioration Political capture of the extractive sector