An empirical study of Foreign Direct Investments of Multinational Corporations into Vietnam: entry mode and location choices
An empirical study of Foreign Direct Investments of Multinational Corporations into Vietnam: entry mode and location choices
- 주제(키워드) FDI , Vietnam , Eclectic paradigm , entry mode choices , location choices
- 발행기관 아주대학교
- 지도교수 Kim Young Kon
- 발행년도 2019
- 학위수여년월 2019. 8
- 학위명 석사
- 학과 및 전공 일반대학원 경영학과
- 실제URI http://www.dcollection.net/handler/ajou/000000029280
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
This study applies Dunning eclectic paradigm to investigate MNCs’ choices of entry modes between WOS and JV and location choices within a developing country - Vietnam. More specifically, this study analyzes how ownership advantages, location advantages and internalization advantages at provincial level within Vietnam affect entry mode and location decisions of foreign firms. This study makes significant contributions to existing literature of international business. Firstly, this paper applies Dunning’s eclectic paradigm to examine the effect of factors within a host country at local level, rather than at national level, on entry mode and location choices choices of MNCs. Secondly, this study contributes to existing literature of international business on developing countries by providing more understanding of inward FDI flow into Vietnam and investment environment in Vietnam.
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ABSTRACT............................................................................................................... i
TABLE OF CONTENTS ........................................................................................ ii
LIST OF FIGURES ................................................................................................ iv
LIST OF TABLES ................................................................................................... v
CHAPTER 1: INTRODUCTION........................................................................... 1
CHAPTER 2: THEORETICAL BACKGROUND............................................... 4
1. Foreign direct investment and investment environment in Vietnam...... 4
1.1. Changes in investment environment in Vietnam ................................. 4
1.1.1. Trade liberalization and integration ............................................... 4
1.1.2. Regulations on foreign direct investments in Vietnam .................. 7
1.1.3. Joint Venture versus Wholly owned subsidiary............................. 8
1.2. Procedures for FDI into Vietnam......................................................... 9
1.2.1. Granting Investment Licenses........................................................ 9
1.2.2. Land Lease ..................................................................................... 9
2. Dunning’s eclectic paradigm and entry mode choice ............................. 10
2.1. Ownership advantages......................................................................... 10
2.2. Location advantages ............................................................................ 13
2.3. Internalization advantages................................................................... 15
3. Dunning’s eclectic paradigm and location choice ................................... 18
3.1. Ownership advantages......................................................................... 18
3.2. Location advantages ............................................................................ 18
3.3. Internalization advantages................................................................... 19
CHAPTER 3: HYPOTHESES AND CONCEPTUAL FRAMEWORK .......... 22
1. Hypotheses.................................................................................................. 22
2. Conceptual framework.............................................................................. 25
CHAPTER 4: DATA AND METHODOLOGY.................................................. 26
1. Data collection ............................................................................................ 26iii
2. Description and measurement of variables.............................................. 26
2.1. Dependent variables ............................................................................ 26
2.2. Independent variables.......................................................................... 27
2.3. Control variables ................................................................................. 28
CHAPTER 5: RESULTS AND EMPIRICAL ANALYSIS ............................... 30
1. Empirical results ........................................................................................ 30
1.1. Entry mode choice................................................................................ 30
1.2. Location choice.................................................................................... 33
2. Assumption testing......................................................................................... 35
2.1. Multi-collinearity ................................................................................. 35
2.2. Goodness of fit ..................................................................................... 39
CHAPTER 6: IMPLICATIONS AND LIMITATIONS .................................... 41
1. Implications ................................................................................................ 41
2. Limitations and future research ............................................................... 43
REFERENCE......................................................................................................... 44
APPENDIX: DATA SOURCE.............................................................................. 49
