Understanding determinants of outward foreign direct investment: the role of economic policy uncertainty, institutional quality, and globalization

dc.contributor.authorÖlmez, Fevzi
dc.contributor.authorBilgiç, Emre
dc.contributor.authorAydın, Esra
dc.date.accessioned2024-12-11T11:56:04Z
dc.date.issued2024-10-28
dc.description.abstractPurpose: This research aims to investigate the role of the economic policy uncertainty (EPU) in the outward FDI (OFDI) of the United Kingdom (UK) by considering the institutional quality (IQ) and globalization level of the host country as contextual factors. Design/methodology/approach: The UK’s OFDI to its twenty partners is analyzed by using the factor augmented model for the 2005–2019 period. Findings: The results show that the EPU of the host country has a negative and significant effect on the UK's OFDI. Furthermore, the findings surprisingly illustrate that the globalization level of the host country has a negative and significant impact on the UK's OFDI. In terms of IQ, this study indicates that, while government effectiveness and regulatory quality have a negative and significant influence on the UK's OFDI, the rule of law has a positive and significant effect on the UK's OFDI. Originality/value: This will be one of a few studies considering OFDI in the scope of EPU. Also, the contradicting results of the study add unique perspectives to the literature about the relationship between OFDI, globalization, and IQ.en_EN
dc.identifier.citationÖlmez, F., Bilgiç, E., & Aydın, E. (2024). Understanding determinants of outward foreign direct investment: the role of economic policy uncertainty, institutional quality, and globalization. Journal of Economics, Finance and Administrative Science, 29(58), 387–409. https://doi.org/10.1108/JEFAS-05-2023-0143
dc.identifier.doihttps://doi.org/10.1108/JEFAS-05-2023-0143
dc.identifier.urihttps://hdl.handle.net/20.500.12640/4301
dc.languageInglés
dc.language.isoeng
dc.publisherUniversidad ESAN. ESAN Ediciones
dc.publisher.countryPE
dc.relation.ispartofurn:issn:2218-0648
dc.relation.urihttps://revistas.esan.edu.pe/index.php/jefas/article/view/774/779
dc.rightsAttribution 4.0 Internationalen
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.subjectOutward FDIen_EN
dc.subjectEPUen_EN
dc.subjectInstitutional qualityen_EN
dc.subjectGlobalizationen_EN
dc.subjectFactor augmented modelen_EN
dc.subjectIED salientees_ES
dc.subjectEPUes_ES
dc.subjectCalidad institucionales_ES
dc.subjectGlobalizaciónes_ES
dc.subjectModelo factorial aumentadoes_ES
dc.subject.ocdehttps://purl.org/pe-repo/ocde/ford#5.02.04
dc.titleUnderstanding determinants of outward foreign direct investment: the role of economic policy uncertainty, institutional quality, and globalizationen_EN
dc.typeinfo:eu-repo/semantics/article
dc.type.otherArtículo
dc.type.versioninfo:eu-repo/semantics/publishedVersion
local.acceso.esanAcceso abierto
oaire.citation.endPage409
oaire.citation.issue58
oaire.citation.startPage387
oaire.citation.titleJournal of Economics, Finance and Administrative Science
oaire.citation.volume30

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