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Title: Institutional distance and foreign direct investment: an asymmetric approach
Authors: Duarte, Marcelo P.
Carvalho, Fernando Manuel Pereira Oliveira 
Keywords: asymmetries; country development; cross national distance; distance; distance asymmetries; FDI; foreign direct investment; multiple regressions; panel data; Portugal
Issue Date: 18-Apr-2021
Project: FCT - Fundação para a Ciência e a Tecnologia, I.P., Project UIDB/05037/2020 
Serial title, monograph or event: International Journal of Economics and Business Research
Volume: 21
Issue: 4
Abstract: This paper analyses the effects of distance asymmetries on Portuguese inward foreign direct investment (FDI) from relatively more, and less, developed countries through the lenses of institutional distance. We developed a panel dataset composed of 35 origins of Portuguese FDI during the period 2003-2015 and analysed it through a series of multiple regression techniques. Results suggest that, when investing in Portugal, countries with lower levels of development are not affected by distance variations. Conversely, it seems that FDI from more developed countries is influenced by several dimensions of distance. This paper contributes to the understanding of asymmetries in institutional distance, emphasising the need for purely asymmetric distance constructs in IB research. Also, it provides the framework for assessing asymmetries with traditional, absolute measured, distance constructs.
ISSN: 1756-9850
DOI: 10.1504/IJEBR.2021.115507
Rights: embargoedAccess
Appears in Collections:I&D CeBER - Artigos em Revistas Internacionais

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