This study investigates the location choice performance of foreign direct investment （FD1） originating from small- and medium-sized multinational enterprises established in newly industrialized economies. In this st...This study investigates the location choice performance of foreign direct investment （FD1） originating from small- and medium-sized multinational enterprises established in newly industrialized economies. In this study we integrate location diversification, breadth and corporate governance to examine the performance of Taiwan Residents enterprises investing in Chinese mainland. Examining Taiwan Residents manufacturing enterprises from foundational, traditional and high-technology aspects, our findings demonstrate the following： （i） diversifying the location choice negatively affects the return of assets; （ii） investments in regions with an abundant population positively affect the performance of Taiwan Residents traditional manufacturing enterprises; and （iii） a higher percentage of insider hoMings in Taiwan Residents enterprises results in better FDl performance. We conclude that the performance of FDI originating from Taiwan Residents enterprises varies depending on industrial and governance characteristics. We suggest that the location choice for Taiwan FDI in Chinese mainland should be determined by the characteristics of the industry. Chinese mainland should attract multinational enterprises from emerging markets according to the characteristics of regions.展开更多
文摘This study investigates the location choice performance of foreign direct investment （FD1） originating from small- and medium-sized multinational enterprises established in newly industrialized economies. In this study we integrate location diversification, breadth and corporate governance to examine the performance of Taiwan Residents enterprises investing in Chinese mainland. Examining Taiwan Residents manufacturing enterprises from foundational, traditional and high-technology aspects, our findings demonstrate the following： （i） diversifying the location choice negatively affects the return of assets; （ii） investments in regions with an abundant population positively affect the performance of Taiwan Residents traditional manufacturing enterprises; and （iii） a higher percentage of insider hoMings in Taiwan Residents enterprises results in better FDl performance. We conclude that the performance of FDI originating from Taiwan Residents enterprises varies depending on industrial and governance characteristics. We suggest that the location choice for Taiwan FDI in Chinese mainland should be determined by the characteristics of the industry. Chinese mainland should attract multinational enterprises from emerging markets according to the characteristics of regions.
