S-Space Graduate School of International Studies (국제대학원) Dept. of International Studies (국제학과) 국제지역연구 국제지역연구 vol.08 (1999)
해외 직접투자의 새로운 형태를 설명하는 새로운 접근법
EXPLAINING NEW TYPES OF FOREIGN DIRECT INVESTMENT: A NEW APPROACH
- Issue Date
- 서울대학교 국제지역원
- 국제지역연구, Vol.08 No.2, pp. 1-20
- Traditional approach treats foreign direct investment (FDI) as the outcome of competitive advantage based on possession of unique assets. However, there exist various types of FDI that are not well explained by this ownership-advantage approach. These investments include strategic response and investment from less developed countries. One important characteristic of these investments is that the firm, without any significant ownership advantage compared to its competitors, invests abroad to maintain or enhance its competitive position. This paper critically evaluates the existing literature with respect to these new types of FDI and suggests an alternative approach based on an imbalance of firms asset portfolio.