The Impact of CAGE Institutional Distances and Motivations for Internationalization on the Brazilian Foreign Direct InvestmentbOutflows
In this study, we have analyzed the influence of institutional distances and strategic motivations for internationalization on Brazilian foreign direct investment (FDI). We suggest that institutional differences, between Brazil and the host country, measured with Ghemawhat's (2001) CAGE typolo...
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FUCAPE Business School
2019
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oai:doaj.org-article:67c59f38d52846cf81c2769b0a92e6a12021-11-11T15:48:07ZThe Impact of CAGE Institutional Distances and Motivations for Internationalization on the Brazilian Foreign Direct InvestmentbOutflows1807-734X10.15728/bbr.2019.16.2.4https://doaj.org/article/67c59f38d52846cf81c2769b0a92e6a12019-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123058882004https://doaj.org/toc/1807-734XIn this study, we have analyzed the influence of institutional distances and strategic motivations for internationalization on Brazilian foreign direct investment (FDI). We suggest that institutional differences, between Brazil and the host country, measured with Ghemawhat's (2001) CAGE typology, have a negative impact on FDI flows. However, we propose that the market-seeking and strategic asset-seeking motivations (e.g., new knowledge acquisition) moderate the impact of institutional differences on investment decisions by reducing the impact of the institutional distances between countries on investment decisions.Manuel Portugal FerreiraMarcelo Braga FalcãoFUCAPE Business Schoolarticleinstitutional distanceforeign direct investmentcagebrazilBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Vol 16, Iss 2, Pp 154-173 (2019) |
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institutional distance foreign direct investment cage brazil Business HF5001-6182 |
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institutional distance foreign direct investment cage brazil Business HF5001-6182 Manuel Portugal Ferreira Marcelo Braga Falcão The Impact of CAGE Institutional Distances and Motivations for Internationalization on the Brazilian Foreign Direct InvestmentbOutflows |
description |
In this study, we have analyzed the influence of institutional distances and strategic motivations for internationalization on Brazilian foreign direct investment (FDI). We suggest that institutional differences, between Brazil and the host country, measured with Ghemawhat's (2001) CAGE typology, have a negative impact on FDI flows. However, we propose that the market-seeking and strategic asset-seeking motivations (e.g., new knowledge acquisition) moderate the impact of institutional differences on investment decisions by reducing the impact of the institutional distances between countries on investment decisions. |
format |
article |
author |
Manuel Portugal Ferreira Marcelo Braga Falcão |
author_facet |
Manuel Portugal Ferreira Marcelo Braga Falcão |
author_sort |
Manuel Portugal Ferreira |
title |
The Impact of CAGE Institutional Distances and Motivations for Internationalization on the Brazilian Foreign Direct InvestmentbOutflows |
title_short |
The Impact of CAGE Institutional Distances and Motivations for Internationalization on the Brazilian Foreign Direct InvestmentbOutflows |
title_full |
The Impact of CAGE Institutional Distances and Motivations for Internationalization on the Brazilian Foreign Direct InvestmentbOutflows |
title_fullStr |
The Impact of CAGE Institutional Distances and Motivations for Internationalization on the Brazilian Foreign Direct InvestmentbOutflows |
title_full_unstemmed |
The Impact of CAGE Institutional Distances and Motivations for Internationalization on the Brazilian Foreign Direct InvestmentbOutflows |
title_sort |
impact of cage institutional distances and motivations for internationalization on the brazilian foreign direct investmentboutflows |
publisher |
FUCAPE Business School |
publishDate |
2019 |
url |
https://doaj.org/article/67c59f38d52846cf81c2769b0a92e6a1 |
work_keys_str_mv |
AT manuelportugalferreira theimpactofcageinstitutionaldistancesandmotivationsforinternationalizationonthebrazilianforeigndirectinvestmentboutflows AT marcelobragafalcao theimpactofcageinstitutionaldistancesandmotivationsforinternationalizationonthebrazilianforeigndirectinvestmentboutflows AT manuelportugalferreira impactofcageinstitutionaldistancesandmotivationsforinternationalizationonthebrazilianforeigndirectinvestmentboutflows AT marcelobragafalcao impactofcageinstitutionaldistancesandmotivationsforinternationalizationonthebrazilianforeigndirectinvestmentboutflows |
_version_ |
1718433893414076416 |