Determinants of Spanish foreign direct investment in Morocco

Emerging Markets Finance and Trade

Volumn 43, Issue 2, 2007, Pages 19-32

  Quer, Diego ^a   Claver, Enrique ^a  

^a UNIVERSITY OF ALICANTE   (Spain)

Author keywords

Foreign direct investment; Morocco; Ownership structure; Spanish firms

Indexed keywords

EID: 34247251343     PISSN: 1540496X     EISSN: None     Source Type: Journal    
DOI: 10.2753/REE1540-496X430202     Document Type: Article

References (45)

1. Agarwal, S., and S.N. Ramaswami. 1992. "Choice of Foreign Market Entry Mode: Impact of Ownership, Location and Internalization Factors." Journal of International Business Studies 23, no. 1: 1-27.
2. Barney, J.B. 1991. "Firm Resources and Sustained Competitive Advantage." Journal of Management 17, no. 1: 99-120.
3. Bhaumik, S.K., and S. Gelb. 2005. "Determinants of Entry Mode Choice of MNCs in Emerging Markets: Evidence from South Africa and Egypt." Emerging Markets Finance and Trade 41, no. 2 (March-April): 5-24.
4. Brouthers, K.D. 2002. "Institutional, Cultural and Transaction Cost Influences on Entry Mode Choice and Performance." Journal of International Business Studies 33, no. 2: 203-221.
5. Brouthers, K.D., and L.E. Brouthers. 2003. "Why Service and Manufacturing Entry Mode Choices Differ: The Influence of Transaction Cost Factors, Risk and Trust." Journal of Management Studies 40, no. 5: 1179-1204.
6. Campa, J.M., and M.F. Guillén. 1999. "The Internalization of Exports: Firm- and Location-Specific Factors in a Middle-Income Country." Management Science 45, no. 11:1463-1478.
7. Chang, S.J., and P.M. Rosenzweig. 2001. "The Choice of Entry Mode in Sequential Foreign Direct Investment." Strategic Management Journal 22, no. 8:747-776.
8. Chen, H., and M.Y. Hu. 2002. "An Analysis of Entry Mode and Its Impact on Performance." International Business Review 11, no. 2: 193-210.
9. Chen, H.; M.Y. Hu; and P.S. Hu. 2002. "Ownership Strategy of Multinationals from ASEAN: The Case of Their Investment in Sino-Foreign Joint Ventures." Management International Review 42, no. 3: 309-326.
10. Contractor, F.J., and S.K. Kundu. 1998. "Modal Choice in a World of Alliances: Analyzing Organizational Forms in the International Hotel Sector." Journal of International Business Studies 29, no. 2: 325-358.
11. Dunning, J.H. 1981. International Production and the Multinational Enterprise. London: George Allen & Unwin.
12. _. 1988. "The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions." Journal of International Business Studies 19, no. 1: 1-32.
13. Durán, J.J., and F. Úbeda. 1997. "La inversión directa española en Marruecos" [Spanish Foreign Direct Investment in Morocco]. Economía Exterior 3: 149-158.
14. Eriksson, K.; J. Johanson; A. Majkgard; and D.D. Sharma. 1997. "Experiential Knowledge and Cost in the Internationalization Process." Journal of International Business Studies 28, no. 2: 337-360.
15. Erramilli, M.K., and C.P. Rao. 1993. "Service Finns' International Entry-Mode Choice: A Modified Transaction-Cost Analysis Approach." Journal of Marketing 57, no. 3: 19-38.
16. Fladmoe-Lindquist, K., and S. Tallman. 1994. "Resource-Based Strategy and Competitive Advantage Among Multinationals." In Advances in Strategic Management, volume 10, part A, ed. P. Shrivastava, A. Huff, and J. Dutton, pp. 45-72. Greenwich, CT: JAI Press.
17. Heckman, J.J. 1979. "Sample Selection Bias as a Specification Error." Econometrica 47, no. 1: 153-162.
18. Hennart, J.F., and J. Larimo. 1998. "The Impact of Culture on the Strategy of Multinational Enterprises: Does National Origin Affect Ownership Decisions?" Journal of International Business Studies 29, no. 3: 515-538.
19. Hu, M.Y., and H. Chen. 1993. "Foreign Ownership in Chinese Joint Ventures: A Transaction Cost Analysis." Journal of Business Research 26, no. 2: 149-160.
20. Hymer, S.H. 1976. The International Operations of National Firms: A Study of Direct Foreign Investment. Cambridge, MA: MIT Press.
21. Jaén, M.; L. Cazorla; and M. López. 2001. "La inversión directa española en Marruecos" [Spanish Foreign Direct Investment in Morocco]. Economistas 90: 105-120.
22. Johanson, J., and J.E. Vahlne. 1977. 'The Internationalization Process of the Firm. A Model of Knowledge Development and Increasing Foreign Market Commitments." Journal of International Business Studies 8, no. 1: 23-32.
23. _. 1990. "The Mechanism of Internationalization." International Marketing Review 7, no. 4: 11-24.
24. Johanson, J., and F. Wiedersheim-Paul. 1975. "The Internationalization of the Firm. Four Swedish Cases." Journal of Management Studies 12, no. 3 (October): 305-322.
25. Juárez, M.I. 2000. Las decisiones de inversión en Marruecos de las empresas españolas en un contexto de integración regional mediterranea [Spanish Firms' Decisions of FDI in Morocco in a Mediterranean Region Integration Context]. Barcelona: Servicio de Publicaciones de la UAB.
26. Juárez, M.I., and J. Bacaria. 1999. "Relaciones económicas España-Marruecos en el contexto del Área de Libre Comercio Euromediterránea" [Economic Relations Between Spain and Morocco in the Context of the Euro-Mediterranean Free Trade Area]. In Librecambio Euromediterráneo. Impacto del Área de Libre Comercio en el horizonte 2010, ed. J. Bacaria and A. Tovias, pp. 257-285. Barcelona: Institut Català de la Mediterránea.
27. Kindleberger, C.P. 1969. American Business Abroad: Six Lectures on Direct Investment, New Haven, CT: Yale University Press.
28. Kogut, B., and H. Singh. 1988. "The Effect of National Culture on the Choice of Entry Mode." Journal of International Business Studies 19, no. 3: 411-432.
29. López Duarte, C. 1997. "Internacionalización de la empresa española mediante inversión directa en el exterior: 1988-1994." Economía Industrial 318: 141-150.
30. Lu, J.W. 2002. "Intra- and Inter-Organizational Imitative Behaviour: Institutional Influences on Japanese Firms' Entry Mode Choice." Journal of International Business Studies 33, no. 1: 19-37.
31. Luo, Y. 2001. "Determinants of Entry in an Emerging Economy: A Multilevel Approach." Journal of Management Studies 38, no. 3: 443-472.
32. Neter, J.; W. Wasserman; and M.H. Kutner. 1985. Applied Linear Statistical Models: Regression, Analysis of Variance and Experimental Designs, 2d ed. Homewood: Irwin.
33. Osborne, K. 1996. "The Channel Integration Decision for Small to Medium-Sized Manufacturing Exporters." International Small Business Journal 14, no. 3: 40-56.
34. Padmanabhan, P., and K.R. Cho. 1999. "Decision Specific Experience in Foreign Ownership and Establishment Strategies: Evidence from Japanese Firms." Journal of international Business Studies 30, no. 1: 25-43.
35. Pan, Y., and D.K. Tse. 2000. "The Hierarchical Model of Market Entry Modes." Journal of International Business Studies 31, no. 4: 535-554.
36. Peteraf, M. A. 1993. "The Cornerstone of Competitive Advantage: A Resource-Based View." Strategic Management Journal 14, no. 3: 179-191.
37. Randoy, T., and C.C. Dibrell. 2002. "How and Why Norwegian MNCs Commit Resources Abroad: Beyond Choice of Entry Mode." Management International Review 42, no. 2: 119-140.
38. Rialp, A.; C. Axinn; and S. Thach. 2002. "Exploring Channel Internalization Among Spanish Exporters." International Marketing Review 19, no. 2: 133-155.
39. Stopford, J.M., and L.T. Wells. 1972. Managing the Multinational Enterprise. Organization of the Firm and Ownership of the Subsidiaries. New York: Basic Books.
40. Tahir, R., and J. Larimo. 2002. "Determinants of Ownership Choices of Finnish Firms in Asian Countries." Paper presented at the Twenty-Eighth Annual Conference of European International Business Academy (EIBA), Athens, Greece.
41. Tallman, S., and K. Fladmoe-Lindquist. 2002. "Internationalization, Globalization, and Capability-Based Strategy." California Management Review 45, no. 1: 116-135.
42. Trevino, L.J., and R. Grosse. 2002. "An Analysis of Firm-Specific Resources and Foreign Direct Investment in the United States." International Business Review 11, no. 4: 431-452.
43. Welch, L.S., and R. Luostarinen. 1988. "Internationalization: Evolution of a Concept." Journal of General Management 14, no. 2: 34-55.
44. Yu, C.-M.J. 1990. 'The Experience Effect and Foreign Direct Investment." Weltwirtschaftliches Archiv 126, no. 4: 561-580.
45. Zaheer, S. 1995. "Overcoming the Liability of Foreignness." Academy of Management Journal 38, no. 2:341-363.