کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
8942348 1645074 2018 38 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Do sovereign credit ratings matter for foreign direct investments?
ترجمه فارسی عنوان
آیا اعتبارات اعتباری مستقل برای سرمایه گذاری مستقیم خارجی اهمیت دارد؟
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
This paper examines the relationship between sovereign credit ratings and FDI flows from 31 OECD donor countries to 72 recipient (OECD and non-OECD) countries over the period of 1985-2012. There are three main findings in the paper. First, sovereign credit ratings of both donor and recipient countries are important drivers of bilateral FDI flows. FDIs in general flow from low-rated donor countries to high-rated recipient countries. Second, an OECD recipient receives more FDIs when its credit rating is high, whereas a non-OECD recipient receives more FDIs when its credit rating is low. Third, countries receive more FDIs when their geographic region has a higher average credit rating compared to other regions.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Financial Markets, Institutions and Money - Volume 55, July 2018, Pages 50-64
نویسندگان
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