English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 94524/125052 (76%)
Visitors : 29727764      Online Users : 274
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/70774

    Title: The impact of exchange rate movements on foreign direct investment : market-oriented versus cost-oriented
    Authors: 陳坤銘;林家慶;饒秀華
    Chen, Kun-ming;Rau, Hsiu-hua;Lin, Chia-ching
    Contributors: 國貿系
    Keywords: Wechselkurs;Exchange rate;Volatilität;Volatility;Auslandsinvestition;Foreign investment;China;Makroökonomischer Einfluss;Macroeconomic effect;Taiwanesisch;Taiwanese;1991-2002
    Date: 2006
    Issue Date: 2014-10-24 17:18:16 (UTC+8)
    Abstract: This paper examines the impact of exchange rate movements on foreign direct investment (FDI). We first employ a real options model to show that while the depreciation of a host country's currency tends to stimulate FDI activity of cost-oriented firms, the depreciation tends to deter FDI activity for market-oriented firms. With industry panel data on Taiwan's outward FDI into China over the period 1991–2002, our empirical findings indicate that the exchange rate level and its volatility in addition to the relative wage rate have had a significant impact on Taiwanese firms’ outward FDI into China. In general, the empirical results are consistent with the prediction of the theory. Our results reveal that the relationship between exchange rates and FDI is crucially dependent on the motives of the investing firms. Without considering this fact in an empirical model, the testing results might suffer from aggregations bias.
    Relation: The Developing Economies,44(3),269-287
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1111/j.1746-1049.2006.00017.x
    DOI: 10.1111/j.1746-1049.2006.00017.x
    Appears in Collections:[國際經營與貿易學系 ] 期刊論文

    Files in This Item:

    File Description SizeFormat
    269-287.pdf199KbAdobe PDF730View/Open

    All items in 政大典藏 are protected by copyright, with all rights reserved.

    社群 sharing

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback