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    Ownership Structure in Foreign Direct Investment Projects

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    Asiedu_RoE_83(4)647.pdf (169.9Kb)
    Issue Date
    2001-03-13
    Author
    Asiedu, Elizabeth
    Esfahani, Hadi Salehi
    Publisher
    Massachusetts Institute of Technology Press
    Type
    Article
    Article Version
    Scholarly/refereed, publisher version
    Metadata
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    Abstract
    This paper theoretically and empirically examines ownership structure in foreign direct investment (FDI) projects. We show that in choosing an ownership structure, foreign investors, local entrepreneurs, and government consider the specific, costly-to-market assets that the participants and the country bring to the project. In equilibrium, the foreign equity share rises with the importance of foreign investor assets and declines with the contribution of local assets towards the amount of surplus generated in the project. Government policies and the institutional structure of the country also affect ownership structure.
    Description
    This is the publisher's version, also available electronically from http://www.mitpressjournals.org/doi/abs/10.1162/003465301753237731#.VMKObnvGp40.
    URI
    http://hdl.handle.net/1808/16360
    DOI
    https://doi.org/10.1162/003465301753237731
    ISSN
    0034-6535
    Collections
    • Kansas African Studies Center Scholarly Works [273]
    • Economics Scholarly Works [173]
    Citation
    Asiedu, Elizabeth; Esfahani, Hadi Salehi. (2001). "Ownership Structure in Foreign Direct Investment Projects." Review of Economics and Statistics, 83(4):647-662. http://www.dx.doi.org/10.1162/003465301753237731

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    Contact KU ScholarWorks
    785-864-8983
    KU Libraries
    1425 Jayhawk Blvd
    Lawrence, KS 66045
    785-864-8983

    KU Libraries
    1425 Jayhawk Blvd
    Lawrence, KS 66045
    Image Credits
     

     

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