Corruption and Foreign Direct Investment:What kind of relationship is there?
Autor(a) principal: | |
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Data de Publicação: | 2005 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10174/8434 |
Resumo: | Globalization and technological innovations create investment opportunities for firms worldwide. In fact, while firms pursue foreign direct investment (FDI) opportunities on a global basis, countries compete to attract these flows. Investment decisions by firms depend on complex and distinct factors. In particular, in the case of foreign investment one of these factors relates to the perception that investors have about the level of risk and/or corruption (or transparency) that characterises countries. Recent studies suggest that corruption negatively impacts on FDI and may act as a disincentive to investment. By using information for 97 countries, concerning inward FDI performance and perceived level of corruption, this paper intends to analyse how corruption influences on the FDI. Given that a certain level of perceived corruption can, in fact, be subject to different subjective evaluations by investors, the paper uses a fuzzy logic approach in order to determine conceivable clusters in the FDI-corruption space. The use of fuzzy clustering techniques reveals the existence of two well-defined clusters: one is formed by high-level corruption countries, where, indeed, corruption is negatively correlated, in a significant way, with FDI; the other is formed by low-level corruption countries, where the influence of corruption on FDI is not so evident. |
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Corruption and Foreign Direct Investment:What kind of relationship is there?CorruptionForeign Direct InvestmentFuzzy ClusteringGlobalization and technological innovations create investment opportunities for firms worldwide. In fact, while firms pursue foreign direct investment (FDI) opportunities on a global basis, countries compete to attract these flows. Investment decisions by firms depend on complex and distinct factors. In particular, in the case of foreign investment one of these factors relates to the perception that investors have about the level of risk and/or corruption (or transparency) that characterises countries. Recent studies suggest that corruption negatively impacts on FDI and may act as a disincentive to investment. By using information for 97 countries, concerning inward FDI performance and perceived level of corruption, this paper intends to analyse how corruption influences on the FDI. Given that a certain level of perceived corruption can, in fact, be subject to different subjective evaluations by investors, the paper uses a fuzzy logic approach in order to determine conceivable clusters in the FDI-corruption space. The use of fuzzy clustering techniques reveals the existence of two well-defined clusters: one is formed by high-level corruption countries, where, indeed, corruption is negatively correlated, in a significant way, with FDI; the other is formed by low-level corruption countries, where the influence of corruption on FDI is not so evident.2013-04-03T11:29:32Z2013-04-032005-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10174/8434http://hdl.handle.net/10174/8434engCaetano, J. e A. Caleiro (2005), Corruption and Foreign Direct Investment:What kind of relationship is there?, Documento de Trabalho nº 2005/18, Universidade de Évora, Departamento de Economia.21jcaetano@uevora.ptcaleiro@uevora.ptC49, E22, F2118_2005Department of Economics, University of ÉvoraDepartment of Economics, University of ÉvoraCaetano, José Manuel MartinsCaleiro, Antónioinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-03T18:49:26Zoai:dspace.uevora.pt:10174/8434Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:02:41.254851Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Corruption and Foreign Direct Investment:What kind of relationship is there? |
title |
Corruption and Foreign Direct Investment:What kind of relationship is there? |
spellingShingle |
Corruption and Foreign Direct Investment:What kind of relationship is there? Caetano, José Manuel Martins Corruption Foreign Direct Investment Fuzzy Clustering |
title_short |
Corruption and Foreign Direct Investment:What kind of relationship is there? |
title_full |
Corruption and Foreign Direct Investment:What kind of relationship is there? |
title_fullStr |
Corruption and Foreign Direct Investment:What kind of relationship is there? |
title_full_unstemmed |
Corruption and Foreign Direct Investment:What kind of relationship is there? |
title_sort |
Corruption and Foreign Direct Investment:What kind of relationship is there? |
author |
Caetano, José Manuel Martins |
author_facet |
Caetano, José Manuel Martins Caleiro, António |
author_role |
author |
author2 |
Caleiro, António |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Caetano, José Manuel Martins Caleiro, António |
dc.subject.por.fl_str_mv |
Corruption Foreign Direct Investment Fuzzy Clustering |
topic |
Corruption Foreign Direct Investment Fuzzy Clustering |
description |
Globalization and technological innovations create investment opportunities for firms worldwide. In fact, while firms pursue foreign direct investment (FDI) opportunities on a global basis, countries compete to attract these flows. Investment decisions by firms depend on complex and distinct factors. In particular, in the case of foreign investment one of these factors relates to the perception that investors have about the level of risk and/or corruption (or transparency) that characterises countries. Recent studies suggest that corruption negatively impacts on FDI and may act as a disincentive to investment. By using information for 97 countries, concerning inward FDI performance and perceived level of corruption, this paper intends to analyse how corruption influences on the FDI. Given that a certain level of perceived corruption can, in fact, be subject to different subjective evaluations by investors, the paper uses a fuzzy logic approach in order to determine conceivable clusters in the FDI-corruption space. The use of fuzzy clustering techniques reveals the existence of two well-defined clusters: one is formed by high-level corruption countries, where, indeed, corruption is negatively correlated, in a significant way, with FDI; the other is formed by low-level corruption countries, where the influence of corruption on FDI is not so evident. |
publishDate |
2005 |
dc.date.none.fl_str_mv |
2005-01-01T00:00:00Z 2013-04-03T11:29:32Z 2013-04-03 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10174/8434 http://hdl.handle.net/10174/8434 |
url |
http://hdl.handle.net/10174/8434 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Caetano, J. e A. Caleiro (2005), Corruption and Foreign Direct Investment:What kind of relationship is there?, Documento de Trabalho nº 2005/18, Universidade de Évora, Departamento de Economia. 21 jcaetano@uevora.pt caleiro@uevora.pt C49, E22, F21 18_2005 Department of Economics, University of Évora Department of Economics, University of Évora |
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info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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1799136510660837376 |