The impact of the shadow economy on foreign direct investment

被引：7
|
作者：
Hoang Van Cuong [1 ]
Hiep Ngoc Luu [2 ,3 ]
Le Quoc Tuan [3 ,4 ]
机构：
[1] Natl Econ Univ, Hanoi, Vietnam
[2] Univ St Andrews, St Andrews, Fife, Scotland
[3] Ctr Appl Econ & Business Res, Hanoi, Vietnam
[4] Banking Acad Vietnam, Hanoi, Vietnam
来源：
APPLIED ECONOMICS LETTERS | 2021年 / 28卷 / 05期
关键词：
Shadow economy; FDI; greenfield investments; cross-border M&As; M-AND-A;
D O I：
10.1080/13504851.2020.1757027
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study investigates the impact of the shadow economy on foreign direct investment (FDI). The result shows that the shadow economy exhibits no clear impact on FDI inflow. However, examining FDI by its types of entry, we find that the shadow economy positively influences greenfield investments and negatively affects cross-border M&As. The results are robust to a number of sensitivity checks.
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页码：391 / 396
页数：6
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