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Title: | Does foreign direct investment cause higher levels of productivity or do higher levels of productivity attract foreign direct investment? A study in transforming brazilian industry |
Other Titles: | Investimento direto estrangeiro causa níveis mais elevados de produtividade ou níveis elevados de produtividade atraem mais investimento direto estrangeiro? Um estudo na indústria de transformação brasileira |
Keywords: | Investment decision Foreign investors Transforming brazilian industry Investimento direto estrangeiro Indústria de transformação brasileira |
Issue Date: | Apr-2013 |
Publisher: | Universidade Federal de Santa Catarina |
Citation: | PEREIRA, N. C.; CALEGARIO, C. L. L.; REIS, R. P. Does foreign direct investment cause higher levels of productivity or do higher levels of productivity attract foreign direct investment? A study in transforming brazilian industry. Revista de Ciências da Administração, v. 15, n. 35, p. 82-94, Apr. 2013. |
Abstract: | With this research, it was aimed to investigate the factors that determine the investment decision of foreign investors in the Brazilian industry. Evidence shows that foreign investors are attracted not only by more productive and best performing sectors, but depending on the adopted strategy, they may choose investment projects in sectors that have lower performance levels which offer the potential for growth and the and improvement of efficiency levels and capacity. Granger causality test indicated that not only foreign investment gives more productivity gains, but also this productivity induces more foreign investment inputs. Foreign investors are also attracted by those sectors, which use their assets in an inefficient way in order to generate profits. These sectors may be attractive to foreign investors that want to invest in a more aggressive growth policy in order to get advantages on the availability of inefficiently used assets. These sectors may be also attractive targets to investors who seek to compete directly in relatively less competitive sectors. |
URI: | http://repositorio.ufla.br/jspui/handle/1/15130 |
Appears in Collections: | DAE - Artigos publicados em periódicos |
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