The impact of Greenfield investment on domestic entrepreneurship

The FDI-entrepreneurship nexus has received growing attention over the last decade. However, the empirical findings on their relationship have been inconsistent at best. This study seeks to examine how the inflows of Greenfield investment influence entrepreneurship of the host country. Using panel d...

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Bibliographic Details
Published in:Journal of innovation and entrepreneurship 2021-07, Vol.10 (1), p.1-16, Article 24
Main Authors: Ha, Tung Son, Chu, Vu Tuan, Nguyen, Mai Tuyet Thi, Nguyen, Dung Hoai Thi, Nguyen, Anh Ngoc Thi
Format: Article
Language:English
Subjects:
Business and Management
Economic Geography
Economic Policy
Entrepreneurial activities
Entrepreneurs
Entrepreneurship
Foreign direct investment
Greenfield investment
Opportunity-based entrepreneurship
Plant location
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Summary:The FDI-entrepreneurship nexus has received growing attention over the last decade. However, the empirical findings on their relationship have been inconsistent at best. This study seeks to examine how the inflows of Greenfield investment influence entrepreneurship of the host country. Using panel data from 110 countries during the period 2001-2018, we find that growing level of Greenfield investment brings detrimental impact on the level of total and opportunity-driven entrepreneurial activities in the host countries while the impact on necessity-driven entrepreneurship have been mixed. The results regarding the impact of Greenfield investment on total entrepreneurial activities and opportunity-based entrepreneurial activities are robust across different econometric settings, different time span, and different categories of control variables.
ISSN:2192-5372
2192-5372
DOI:10.1186/s13731-021-00164-6