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Who goes where and how? Firm heterogeneity and location decision of Korean multinationals
- Who goes where and how? Firm heterogeneity and location decision of Korean multinationals
- Hyun, Hea-Jung; Hur, Jung
- KIEP
| Title |
Who goes where and how? Firm heterogeneity and location decision of Korean multinationals
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| Material Type | Reports |
| Author(English) |
Hyun, Hea-Jung; Hur, Jung |
| Publisher |
Seoul : KIEP |
| Date | 2010 |
| Series Title; No | KIEP Working Paper / 10-11 |
| ISBN | 978-89-322-4215-6; 978-89-322-4026-8(set) |
| Pages | 40 |
| Subject Country | South Korea(Asia and Pacific) |
| Language | English |
| File Type | Link |
| Subject | Economy < Direct Investment |
| Holding | KIEP |
| License |  |
Abstract
This paper examines the role of firm heterogeneity in multinationals’ choice of FDI type and location. Using Korean firm-level data, we find that more productive firms are more likely than their less efficient counterparts to invest in tough markets and choose horizontal FDI against vertical or export-platform FDI across different host countries. These findings, consistent with the recent theories in international economics, suggest that firm heterogeneity may play a significant role in FDI strategy as well as location decision.
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