Tse, Chin-Bun ORCID: https://orcid.org/0000-0002-1293-6282 and Kam, Oi-Yan (2018) The trend of foreign direct investment movement: did unintended nation brand of legal-families play an instrumental role? Journal of Business Research, 116. pp. 745-762. ISSN 0148-2963

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Abstract

Combining the suggestion from Fan (2006) that a nation can have a brand image without deliberating efforts of nation branding and the work from Klerman et al. (2011) on Colonial History and effects on legal systems, we view that legal-systems could be an unintended nation brand that could instrumentally affect foreign direct investment (FDI) activities. We classify 193 countries according to their Colonial History or no-Colonial History into 5 legal-families. Applying Generalised Methods of Moments (GMM) on a set of panel data, our empirical evidence shows that legal-families play an instrumental role in explaining FDI activities. The paper opens up a new ground of research on ‘unintended’ nation brand of which the nation branding literature largely focus on designed-nation-brand, and on FDI area in which we introduce a new determinant in addition to the traditional determinants that have been reported in the FDI literature.

Item Type:	Article
Identifier:	10.1016/j.jbusres.2018.01.008
Keywords:	Foreign direct investment, Unintended nation brand, Legal system
Subjects:	Business and finance > Accounting and finance > International and corporate finance Business and finance > Business and management > International business
Depositing User:	Chin-Bun Tse
Date Deposited:	22 Feb 2018 16:10
Last Modified:	04 Nov 2024 12:03
URI:	https://repository.uwl.ac.uk/id/eprint/4436

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