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http://dx.doi.org/10.9723/jksiis.2015.20.6.067

A Study on the Survival Rate and Factors of FDI to Korea: Focused on ICT Industry  

Kim, Hyun Gyu (부산대학교 국제전문학원)
Publication Information
Journal of Korea Society of Industrial Information Systems / v.20, no.6, 2015 , pp. 67-78 More about this Journal
Abstract
The objective of this paper is to analyze survival rate and factors of FDI(Foreign direct investment) using FDI data of Ministry of Knowledge and Economy. Kaplan-Meier estimation was used. The result was as follows. M&A of FDI was much more risk than Greenfield FDI. .FDI to the IT-service industry was much more risk than FDI to the manufacturing industry. Partnership under 50% was much more risk than partnership over 50%. The accumulated survival rate of M&A was higher then Greenfield until fourth period but was lower than Greenfield after fourth period. The accumulated survival rate of M&A was lower than others from the first period to last period. There was no difference between Partnership under 50% and partnership over 50% to 4th period. After 4th period, Accumulated survival rate of partnership under 50% was higher than accumulated survival partnership over 50%.
Keywords
FDI; Greenfield investment; M&A; Kaplan-Meier estimation; Cox PH model; Survival rate; Survival variable; Partnership;
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