Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
권호 표지
DOI QR코드

DOI QR Code

An Empirical Study on Performance Determinants Influencing Re-investment of Multinational Enterprises: Focusing on Multinational Enterprises which Invested Local R&D Centers in Korea

다국적기업의 재투자에 영향을 미치는 성과요인에 관한 실증 연구: 국내진출 다국적기업 중 R&D센터 보유기업을 중심으로

  • Received : 2019.01.15
  • Accepted : 2019.02.27
  • Published : 2019.02.28
Download PDF
⟨ Previous Next ⟩

Abstract

Recently there are sharp increase in number of studies related with facilitation of Inward-FDI or Multinational Enterprises invested in Korea region. The most of studies are mainly purposing to survey - 1)how Korea Government makes counter plan and assistance policy to make foreign capital and Inward-FDI more attractively and aggressively, 2)what is the new framework or system for Inward-FDI policy, 3)what is economic effect of Inward-FDI, 4)what are determinants or conclusive factors of FDI in Korea. Under this situation, the goal of this report is to find out the new way for Multinational Enterprises to reinvest continuously thru getting their better investment performances on several factors including Marketing Competence, Management Ability, Localization Management Skill, Business Management Strategy, and R&D Competitiveness which would be much more important determinants influencing re-investment of Multinational Enterprises in Kora. This report based on the empirical result and comprehensive analysis will eventually help policy makers to implement the appropriate strategy and support Multinational Enterprises to proceed positive circle's re-investment activity in the end.

Keywords

References

  1. Achim, M. V., S. N. Borlea and C. A. Mare (2018), "Geocentric Behavior Dimension's Performance in the Context of Globalization", Social Indicators Research, 135(1), 401-420. https://doi.org/10.1007/s11205-016-1478-z
  2. Ahn, Keon Hyung (2017), "Recent Trends in OECD Guidance for Multinational Enterprises and Their Implication: Focusing on Korea NCP's Countermeasures Strategy for Peer Review", Korea Trade Review, 42(4), 159-184.
  3. Astuti, R., R. L. R. Silalahi and G. D. P. Wijaya (2015), "Marketing Strategy Based on Marketing Mix Influence on Purchasing Decisions of Malang Consumers at Giant Olympic Garden Mall (MOG), Malang City, East Java Province, Indonesia", Agriculture and Agricultural Science Procedia, 3, 67-71. https://doi.org/10.1016/j.aaspro.2015.01.015
  4. Balasescu, S. (2014), "Contributions to the Foundation of the Marketing Mix for Retail Companies", Bulletin of the Transilvania University of Brasov, Series V: Economic Science, 7(1), 17-24.
  5. Cacciolatti, L. and S. H. Lee (2016), "Revisiting the Relationship between Marketing Capability and Firm Performance: The Moderating Role of Market Orientation, marketing Strategy and Organizational Power", Journal of Business Research, 69(12), 5597-5610. https://doi.org/10.1016/j.jbusres.2016.03.067
  6. Cho, Jung-Hwan and Tae-Hwang Kim (2018), "Analysis of Determinants on the Entry Modes of Multinational Firms: Focused on the Effects of Corruption and Political Instability", Korea Trade Review, 43(1), 177-197. https://doi.org/10.22659/KTRA.2018.43.1.177
  7. Chen, K. H., C. H. Wang, S. Z. Huang and G. C. Shen (2016), "Service Innovation and New Product Performance: The Influence of Market-linking Capabilities and Market Turbulence", International Journal of Production Economics, 172, 54-64. https://doi.org/10.1016/j.ijpe.2015.11.004
  8. Chung, Won-Sik and Seok-Yong Kim (2011), "The Study on the Factors Influencing the Re-investment of Foreign Investment Enterprises: Focusing on the Foreign Investment Enterprises in Gyeongnam Province", The Korean Journal of Local Government Studies, 15(4), 109-126.
  9. Dunning, J. (1980), "Toward an Electronic Theory of International Production", Journal of International Business Studies, 11(4), 9-31. https://doi.org/10.1057/palgrave.jibs.8490593
  10. Fu, Xiaolan, Jun Hou and Xiaohui Liu (2018), "Unpacking the Relationship between Outward Direct Investment and Innovation Performance: Evidence from Chinese firms", World Development, 102, 111-123. https://doi.org/10.1016/j.worlddev.2017.09.021
  11. Goldstein, L. M. (1985), "Choosing, the right site", Industrial Week, 85.
  12. Han, Byoung-Sop and Min-Kyo Seo (2005), "An Empirical Study on the Determinants of Knowledge Creation for MNCs in Korea", Business Review of Woosuk University, 20(3), 133-159.
  13. Han, Dong-Hong (2015), "A Study on Improving the System of Foreign Direct Investment for Regional Development", Journal of Korea Local Government Studies, 16(4), 197-220.
  14. Hao, S. and Song, M. (2016), "Technology-driven Strategy and Firm Performance: Are Strategic Capabilities Missing Links?", Journal of Business Research, 69, 751-759. https://doi.org/10.1016/j.jbusres.2015.07.043
  15. Hong, Seung-Rin and Choi, Won-Seok (2018), "A Study on Components Affecting Regional Growth of FDI in Korea", Journal of International Trade & Commerce, 12(4), 369-385.
  16. Jeong, G. Y., M. S. Chae and B. I. Park (2016), "Reverse Knowledge Transfer from Subsidiaries to Multinational Companies: Focusing on Factors Affecting Market Knowledge Transfer", Canadian Journal of Administrative Sciences/Revue Canadienne des Sciences de l' Administration, 34(3), 291-305. https://doi.org/10.1002/cjas.1366
  17. Jung, Young-Chul (2011), A Study on the Characteristics and Economic Effects of Inward Direct Investment in Korea (Doctoral Dissertation), Inje, Korea: Inje University.
  18. Kim, Jae-Kyung and Bong-Soo Lee (2012), "A Study on Performance Determinant of R&D Centers of Multinational Information & Communication Firms in Korea", Korea Trade Review, 37(1), 287-311.
  19. Kim, Jun-Hyun (2016), A Study on Efficiency of Agricultural R&D Investment in Global Open Market (Doctoral Dissertation), Yongin, Korea: Dankook University.
  20. Kim, Young-Jin and Heon-Hwan Ko (2002), "Facilitation of Inward Foreign Direct Investment in Jeju Island", Journal of Island Tourism Research, 6(4), 41-71.
  21. Kwon, Yung-Chul (2010), "Dynamic Capabilities of Multinational Subsidiaries: Determinants and Performance", Korea Business Review, 39(5), 1151-1175.
  22. KOSIS (2018), Foreign Direct Investment Statistics 2017 (Webpage). Available from www.kosis.kr
  23. Lin, H., J. Su and A. Higgins (2016), "How Dynamic Capabilities Affect Adoption of Management Innovations", Journal of Business Research, 69, 862-876. https://doi.org/10.1016/j.jbusres.2015.07.004
  24. Loree, D. W. and S. E. Guisinger (1995), "Policy and Non-policy Determinants of U.S. Equity FDI", Journal of International Business Studies, 26(2), 281-299. https://doi.org/10.1057/palgrave.jibs.8490174
  25. Mok, Nam-Hee (2014), "The Impact of Foreign Investor on Pay-out ratio according to Corporate Life Cycle", Korea International Accounting Review, 53, 276-291.
  26. Moon, Hwy-Chang and Jin-Sup Jung (2010), "Economic Effects of Inward Foreign Direct Invetsment: A Case of Korea", Korea Corporation Management Review, 17(2), 133-156.
  27. Neves, A., A. C. Teixeira and S. T. Silva (2016), "Exports-R&D Investment Complementary and Economic Performance of Firms Located in Portugal", InvestigaciOn EconOmica, 125, 125-156.
  28. Nicolas, F., S. Thomsen and M. N. Bang (2013), Lessons from Investment Policy Reform in Korea (OECD Working Papers on International Investment, No. 2013/02), Paris: OECD, 5-42.
  29. Parida, V., P. Oghazi and S. Cedergren (2016), "A Study of How ICT Capabilities Can Influence Dynamic Capabilities", Journal of Enterprise Information Management, 29(2), 179-201. https://doi.org/10.1108/JEIM-07-2012-0039
  30. Park, Bong-Kyu and Yong-Duk Kim (2014), "An Empirical Analysis on the Impact of Korea's FDI Polices on Foreign Companies' Invetsment Decisions", Korea Trade Review, 29(6), 287-311.
  31. Park, Nancy and Kyong-Chol Yo (2012), "The Strategic Inward Foreign Direct Investment and Business Performance in Incheon Free Economic Zone", Journal of International Area Studies, 16(1), 125-146.
  32. Park, Young-Ryeol and Yun-Ah Song (2007), "The Impact of Subsidiary Competencies on Performance of MNEs in Korea", Yonsei Business Review, 44(1), 1-15.
  33. Slangen, A. H. L. (2013), "Greenfield or Acquisition Entry? The Roles of Policy Uncertainty and MNE Legitimacy in Host Countries", Global Strategy Journal, 3(3), 262-280. https://doi.org/10.1111/j.2042-5805.2013.01056.x
  34. Stack, M. M., G. Ravishankar and E. Pentecost (2017), "Foreign direct investment in the eastern European countries: Determinants and performance", Structural Change and Economic Dynamics, 41, 86-97. https://doi.org/10.1016/j.strueco.2017.04.005
  35. Terjesen, S. and P. C. Patel (2017), "In Search of Process Innovation: The Role of Search Depth, Search Breadth, and Industry Environment", Journal of Management, 43(5), 1421-1446. https://doi.org/10.1177/0149206315575710
  36. Tzokas, N., Y. A. Kim, H. Akbar and H. Al-Dajanid (2015), "Absorptive Capacity and Performance: The Role of Customer Relationship and Technological Capabilities in High-tech SMEs", Industrial Marketing Management, 47, 134-142. https://doi.org/10.1016/j.indmarman.2015.02.033
  37. Yang, Lin and Xian Zhang (2018), "Assessing Regional Eco-efficiency from the Perspective of Resource, Environmental and Economic Performance in China: A Bootstrapping Approach in Global Data Development Analysis", Journal of Cleaner Production, 173, 100-111. https://doi.org/10.1016/j.jclepro.2016.07.166
  38. Yim, Jeong-Dae, Seok-Chin Kim and Se-Jin Jung (2018), "The Effects of Inward Foreign Direct Investment on Innovation in Korean Industries", Korea Trade Review, 43(2), 87-105. https://doi.org/10.22659/KTRA.2018.43.2.87
  39. Yi, Yang-Soo (2003), "Analysis of Determinants of Foreign Direct Investment (FDI) into the Busan Metropolitan Area", Journal of Korean Regional Development Association (KRDA), 15(3), 45-64.
  40. Yoon, Ki-Chang (2016), "The Knowledge Transfer Network and Performance of Chinese Subsidiary in Korean MNCs: Focusing on Roles of Absorptive Capacity and Entry Mode", Korea Trade Review, 41(5), 325-350.
  41. Yu, Jae-Har and Chun-Su Lee (2016), "A Study on Moderating Effects of Autonomy on Performance of MNC Subsidiaries in Korea", International Commerce and Information Review, 18(2), 195-218.
  42. Yu, Ja-Young and Ji-Na Lee (2016), "Analysis of Chinese Oversea Direct Investment (ODI) and Methodology of Investment Simulation in Korea", The International Commerce and Law Review, 70, 109-133.