Dergiler / Ekonomi ve Yönetim Araştırmaları Dergisi / 2017 / Cilt: 6 - Sayı: 1
DAĞITILMAYAN YABANCI KARLARIN BELIRLEYICILERI
- Sayfa
- 24–45
- DOI
- —
Özet
ABSTRACTPrevious studies have overwhelmingly treated Foreign Direct Investment FDI as a monolithic variable rather than a multidimensional one. However, FDI consists of three main components. This study investigates the responsiveness of reinvested earnings as a sub-component of FDI in the 80 countries to the macro-economic indicators and individual country risks for the 2006–2012 period. The study found strong evidence that reinvested earnings are positively correlated with the political risk ratings confidence level , GDP, GDP growth rate, and consumer confidence level of each individual host country and are negatively associated with repatriation and payment delay risk ratings.Key Words: FDI, foreign reinvested earnings, foreign retained earnings, dynamic panel dataJEL Codes: C23, F21, F23, F24, F29
Abstract
Previous studies have overwhelmingly treated Foreign Direct Investment FDI as a monolithic variable rather than a multidimensional one. However, FDI consists of three main components. This study investigates the responsiveness of reinvested earnings as a sub-component of FDI in the 80 countries to the macro-economic indicators and individual country risks for the 2006–2012 period. The study found strong evidence that reinvested earnings are positively correlated with the political risk ratings confidence level , GDP, GDP growth rate, and consumer confidence level of each individual host country and are negatively associated with repatriation and payment delay risk ratings