Institutional environment features and Swiss foreign direct investment

Rios-Morales, Ruth; Gamberger, Dragan; Schweizer, Max; Brennan, Louis

doi:10.1504/GBER.2013.053069

Publication type:	Article in scientific journal
Type of review:	Peer review (publication)
Title:	Institutional environment features and Swiss foreign direct investment
Authors:	Rios-Morales, Ruth Gamberger, Dragan Schweizer, Max Brennan, Louis
DOI:	10.1504/GBER.2013.053069
Published in:	Global Business and Economics Review
Volume(Issue):	15
Issue:	2/3
Page(s):	196
Pages to:	209
Issue Date:	2013
Publisher / Ed. Institution:	Inderscience
ISSN:	1097-4954 1745-1329
Language:	English
Subjects:	Economic growth; Foreign direct investment; Good governance indicator; Institutional environment
Subject (DDC):	332.6: Investment
Abstract:	An interdisciplinary literature suggests that institutional environment features are significant determinants in the location of foreign direct investment. Weak institutional environment features are considered to have a negative effect on capital inflows. Conversely, empirical studies have found that investors locate in host countries providing high rates of return despite weak institutional environment features. Switzerland is home to some of the most important global investors and one of Europe's largest global investors. Swiss foreign direct investment is an interesting case to examine since it has been nurtured in a well-established institutional environment. In this paper, we evaluate Swiss foreign direct investment located in 56 countries over the period 2005-2009 using statistical and machine learning techniques. From our analysis two models emerge suggesting that Swiss investment favours countries with high political stability and high accountability. However, we also find that Swiss investment does not necessarily discriminate against countries with weak institutional environments.
URI:	https://digitalcollection.zhaw.ch/handle/11475/10279
Fulltext version:	Published version
License (according to publishing contract):	Licence according to publishing contract
Departement:	School of Management and Law
Appears in collections:	Publikationen School of Management and Law

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Rios-Morales, R., Gamberger, D., Schweizer, M., & Brennan, L. (2013). Institutional environment features and Swiss foreign direct investment. Global Business and Economics Review, 15(2/3), 196–209. https://doi.org/10.1504/GBER.2013.053069

Rios-Morales, R. et al. (2013) ‘Institutional environment features and Swiss foreign direct investment’, Global Business and Economics Review, 15(2/3), pp. 196–209. Available at: https://doi.org/10.1504/GBER.2013.053069.

R. Rios-Morales, D. Gamberger, M. Schweizer, and L. Brennan, “Institutional environment features and Swiss foreign direct investment,” Global Business and Economics Review, vol. 15, no. 2/3, pp. 196–209, 2013, doi: 10.1504/GBER.2013.053069.

RIOS-MORALES, Ruth, Dragan GAMBERGER, Max SCHWEIZER und Louis BRENNAN, 2013. Institutional environment features and Swiss foreign direct investment. Global Business and Economics Review. 2013. Bd. 15, Nr. 2/3, S. 196–209. DOI 10.1504/GBER.2013.053069

Rios-Morales, Ruth, Dragan Gamberger, Max Schweizer, and Louis Brennan. 2013. “Institutional Environment Features and Swiss Foreign Direct Investment.” Global Business and Economics Review 15 (2/3): 196–209. https://doi.org/10.1504/GBER.2013.053069.

Rios-Morales, Ruth, et al. “Institutional Environment Features and Swiss Foreign Direct Investment.” Global Business and Economics Review, vol. 15, no. 2/3, 2013, pp. 196–209, https://doi.org/10.1504/GBER.2013.053069.