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https://hdl.handle.net/2440/118790
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Type: | Book chapter |
Title: | FDI, financial constraints and productivity: firm-level study in Vietnam |
Author: | Thangavelu, S. Findlay, C. Chongvilaivan, A. |
Citation: | Real and Financial Integration in Asia, 2013 / Thangavelu, S., Chongvilaivan, A. (ed./s), Ch.6, pp.99-115 |
Publisher: | Routledge |
Publisher Place: | United Kingdom |
Issue Date: | 2013 |
ISBN: | 0415686431 9780415686433 |
Editor: | Thangavelu, S. Chongvilaivan, A. |
Statement of Responsibility: | Shandre M. Thangavelu, Christopher Findlay and Aekapol Chongvilaivan |
Abstract: | Foreign direct investment (FDI) has been the key engine of growth for developing countries for the past decades. Developing countries have increasingly relied on FDI as a key engine of output, employment and productivity growth. The underlying rationale for attracting FDI in host countries rests with productivity spillovers associated with FDI, whereby positive externalities generated by multinational activities allow indigenous firms to pick up their productivity. Based on the transaction costs theory of FDI (Caves, 1996), multinational enterprises (MNEs) exploit superior knowledge (e.g. technological and informational advantage, managerial expertise and superior organizational structure) transferred from their foreign parents to compensate for the higher operating costs incurred in the host markets. MNEs are therefore expected to demonstrate higher performance in terms of profitability and productivity than domestically owned firms. |
Rights: | © 2013 ERIA |
DOI: | 10.4324/9780203104958-12 |
Published version: | http://www.eria.org/publications/real-and-financial-integration-in-asia/ |
Appears in Collections: | Aurora harvest 4 Institute for International Trade publications |
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