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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Autores principales: Manuel Portugal Ferreira, Marcelo Braga Falcão
Formato: article
Lenguaje:EN
PT
Publicado: FUCAPE Business School 2019
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Acceso en línea:https://doaj.org/article/67c59f38d52846cf81c2769b0a92e6a1
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spelling 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)
institution DOAJ
collection DOAJ
language EN
PT
topic institutional distance
foreign direct investment
cage
brazil
Business
HF5001-6182
spellingShingle 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
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