Governance quality, foreign direct investment, and entrepreneurship in emerging markets

Governance quality, foreign direct investment, and entrepreneurship in emerging markets

Purpose The purpose of this paper is to thoroughly investigate the interplay between institutions, foreign direct investment (FDI) and entrepreneurship in the context of emerging markets (EMs). Design/methodology/approach The author...

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Những tác giả chính: Tran, Nam Hoai, Dat, Le Chi
Định dạng: Bài viết
Ngôn ngữ:English
Được phát hành: University of Economics Ho Chi Minh City 2023
Truy cập trực tuyến:https://www.emerald.com/insight/content/doi/10.1108/JABES-09-2018-0063/full/html
https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115582
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spelling oai:scholar.dlu.edu.vn:DLU123456789-1155822023-03-08T04:10:13Z Governance quality, foreign direct investment, and entrepreneurship in emerging markets Tran, Nam Hoai Dat, Le Chi Purpose The purpose of this paper is to thoroughly investigate the interplay between institutions, foreign direct investment (FDI) and entrepreneurship in the context of emerging markets (EMs). Design/methodology/approach The authors argue that the impact of FDI on entrepreneurial activity depends on different natures of capital flow and entrepreneurial motivation and relates to the quality of institutional environment. First, the roles of inward and outward FDI are examined in connection with the new firm creation by opportunity- and necessity-motivated entrepreneurs. Second, the integrated influences of (inward/outward) FDI and governance quality (GQ) on (opportunity/necessity) entrepreneurship are tested. This nexus of relationships is analyzed through segmented regressions using the GEM data of 39 EMs over the 2004–2015 period. Findings It is evidenced that the quality of governance infrastructure affects the relationship between FDI and entrepreneurship: in emerging countries with low GQ, opportunity entrepreneurship is stimulated by inward FDI and diminished by outward FDI; and in emerging countries with high GQ, necessity entrepreneurship is discouraged by inward FDI and promoted by outward FDI. Practical implications This research has implications for the institutional context-based execution of public policy in emerging economies. As the entrepreneurial effects of inward and outward FDI are pronounced differently under the two types of entrepreneurship and the two extremes of GQ, public policy makers who recognize the catalytic role of FDI in domestic business development should take the distinct institutional context of their country into consideration. Originality/value The paper contributes to the extant literature on international entrepreneurship in emerging economies by making a breakdown on the roles played by different types of FDI in the entrepreneurial activity, analyzing the mediating effects of GQ on the relationship between inward/outward FDI and entrepreneurship, and interpreting the capital and institutional determinants of entrepreneurship in terms of entrepreneurial motivations by opportunity and necessity. 2023-03-08T04:10:13Z 2023-03-08T04:10:13Z 2019 Article 2515-964X https://www.emerald.com/insight/content/doi/10.1108/JABES-09-2018-0063/full/html https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115582 10.1108/JABES-09-2018-0063 en Journal of Asian Business and Economic Studies, Volume 26, Issue 2; p. 238-264 application/pdf University of Economics Ho Chi Minh City
institution Thư viện Trường Đại học Đà Lạt
collection Thư viện số
language English
description Purpose The purpose of this paper is to thoroughly investigate the interplay between institutions, foreign direct investment (FDI) and entrepreneurship in the context of emerging markets (EMs). Design/methodology/approach The authors argue that the impact of FDI on entrepreneurial activity depends on different natures of capital flow and entrepreneurial motivation and relates to the quality of institutional environment. First, the roles of inward and outward FDI are examined in connection with the new firm creation by opportunity- and necessity-motivated entrepreneurs. Second, the integrated influences of (inward/outward) FDI and governance quality (GQ) on (opportunity/necessity) entrepreneurship are tested. This nexus of relationships is analyzed through segmented regressions using the GEM data of 39 EMs over the 2004–2015 period. Findings It is evidenced that the quality of governance infrastructure affects the relationship between FDI and entrepreneurship: in emerging countries with low GQ, opportunity entrepreneurship is stimulated by inward FDI and diminished by outward FDI; and in emerging countries with high GQ, necessity entrepreneurship is discouraged by inward FDI and promoted by outward FDI. Practical implications This research has implications for the institutional context-based execution of public policy in emerging economies. As the entrepreneurial effects of inward and outward FDI are pronounced differently under the two types of entrepreneurship and the two extremes of GQ, public policy makers who recognize the catalytic role of FDI in domestic business development should take the distinct institutional context of their country into consideration. Originality/value The paper contributes to the extant literature on international entrepreneurship in emerging economies by making a breakdown on the roles played by different types of FDI in the entrepreneurial activity, analyzing the mediating effects of GQ on the relationship between inward/outward FDI and entrepreneurship, and interpreting the capital and institutional determinants of entrepreneurship in terms of entrepreneurial motivations by opportunity and necessity.
format Article
author Tran, Nam Hoai
Dat, Le Chi
spellingShingle Tran, Nam Hoai
Dat, Le Chi
Governance quality, foreign direct investment, and entrepreneurship in emerging markets
author_facet Tran, Nam Hoai
Dat, Le Chi
author_sort Tran, Nam Hoai
title Governance quality, foreign direct investment, and entrepreneurship in emerging markets
title_short Governance quality, foreign direct investment, and entrepreneurship in emerging markets
title_full Governance quality, foreign direct investment, and entrepreneurship in emerging markets
title_fullStr Governance quality, foreign direct investment, and entrepreneurship in emerging markets
title_full_unstemmed Governance quality, foreign direct investment, and entrepreneurship in emerging markets
title_sort governance quality, foreign direct investment, and entrepreneurship in emerging markets
publisher University of Economics Ho Chi Minh City
publishDate 2023
url https://www.emerald.com/insight/content/doi/10.1108/JABES-09-2018-0063/full/html
https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115582
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