Kratzsch Forms and Performance of Foreign Direct Investments in Sub-Saharan Africa

1. Auflage 2018
ISBN: 978-3-8452-9160-4
Verlag: Nomos
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 347 Seiten, Format (B × H): 153 mm x 227 mm

Foreign direct investments (FDI) are seen as pivotal in achieving the 2030 Sustainable Development Goals (SDGs) in Sub-Saharan Africa (SSA). Yet, balance of payment (BoP) statistics on FDI are often sketchy and out-dated and are thus of little help in distinguishing between different forms of FDI, their business dynamics and their impact on the host economy in SSA. This book, a successfully completed doctoral thesis at the University of Leipzig, attempts to resolve this issue. Based on a data set comprising more than 2,000 foreign subsidiaries in Sub-Saharan Africa, it highlights how different investor categories harness the economic dynamics of the region and how a chosen business strategy (industry, market entry, strategic alliances, etc.) can affect FDI performance. FDI performance and its impact on SSA’s economic development are not contradictory but can actually reinforce each other.

Autoren/Hrsg.

Kratzsch, Stefan

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets

Inhaltsverzeichnis

1;Cover;1
2; 1. Introduction;28
2.1; 1.1 The foreign direct investment (FDI) scenario in Sub-Saharan Africa;28
2.2; 1.2 Research objective;34
2.3; 1.3 Structure of the Book;39
3; 2. A macro-economic perspective of FDI in SSA;41
3.1; 2.1 Definitions;41
3.2; 2.2 The state of FDI statistics in SSA;44
3.3; 2.3 Aggregated FDI statistics in SSA from different sources;52
3.3.1; 2.3.1 SSA FDI statistics reported by the IMF;52
3.3.2; 2.3.2 SSA FDI statistics reported by the World Bank;58
3.3.3; 2.3.3 SSA FDI statistics reported by UNCTAD;62
3.3.4; 2.3.4 SSA FDI statistics reported by OECD;70
3.3.5; 2.3.5 Comparison between World Bank, IMF, UNCTAD and OECD;74
3.3.6; 2.3.6 Factors influencing variations in FDI flow and stock statistics;80
3.4; 2.4 Disaggregated FDI statistics in SSA;89
3.4.1; 2.4.1 Industry subsectors of FDI;89
3.4.2; 2.4.2 FDI countries of origin;93
3.4.3; 2.4.3 Entry mode of FDI;106
3.4.4; 2.4.4 Size of FDI;114
3.5; 2.5 Summary of findings and Chapter 2 conclusions;116
4; 3. A firm-level perspective of different FDI forms in SSA;119
4.1; 3.1 Available resources and foreign firm-level samples;119
4.2; 3.2 Industry subsectors of FDI;122
4.3; 3.3 FDI origin;126
4.4; 3.4 FDI establishment and ownership mode;130
4.5; 3.5 Perceived partner contributions to joint venture success;139
4.6; 3.6 Size of FDI;144
4.7; 3.7 Organizational structure of FDI;147
4.8; 3.8 Age of FDI;154
4.9; 3.9 Market orientation of FDI;155
4.10; 3.10 Summary of findings and Chapter 3 conclusions;160
5; 4. The theoretical underpinnings of FDI performance;162
5.1; 4.1 FDI entry mode;163
5.1.1; 4.1.1 Definitional issues;164
5.1.2; 4.1.2 FDI entry mode and performance;168
5.2; 4.2 FDI Performance;173
5.3; 4.3 Transaction cost determinants of FDI performance;175
5.4; 4.4 Institutional and host country determinants of FDI performance;180
5.5; 4.5 Industry and corporate determinants of FDI performance;192
5.6; 4.6 Cultural and institutional distance determinants of FDI performance;196
5.7; 4.7 Firm resource and internationalization determinants of FDI performance;199
5.8; 4.8 Governance and subsidiary integration determinants of FDI performance;207
6; 5. Empirical analysis of FDI performance in SSA;210
6.1; 5.1 Data and sample;210
6.2; 5.2 Methodology;211
6.2.1; 5.2.1 Dependent variables;212
6.2.2; 5.2.2 Independent variables;216
6.2.3; 5.2.3 Control variables;223
6.2.3.1; 5.2.3.1 Subsidiary age;223
6.2.3.2; 5.2.3.2 Subsidiary size;224
6.2.3.3; 5.2.3.3 Entry mode;226
6.2.3.4; 5.2.3.4 Export orientation;228
6.2.3.5; 5.2.3.5 Industry sector;229
6.2.3.6; 5.2.3.6 Host country;231
6.3; 5.3 Analysis and results;232
6.3.1; 5.3.1 Descriptive results;232
6.3.2; 5.3.2 Principal component analysis of the location factor change matrix;238
6.3.3; 5.3.3 Regression results;248
6.4; 5.4 Summary of findings and Chapter 5 conclusions;271
7; 6. Conclusions, limitations and outlook;274
7.1; 6.1 Summary of findings and contributions;274
7.2; 6.2 Limitations and outlook;282
8; Annex Tables and Figures;288
9; Bibliography;308