Understanding determinants of outward foreign direct investment: the role of economic policy uncertainty, institutional quality, and globalization

dc.authoridAYDIN, ESRA/0000-0002-2354-2043
dc.authoridFEVZI, OLMEZ/0000-0003-3847-2778
dc.authoridBilgic, Emre/0000-0003-1392-5320
dc.contributor.authorOlmez, Fevzi
dc.contributor.authorBilgic, Emre
dc.contributor.authorAydin, Esra
dc.date.accessioned2025-03-20T09:50:49Z
dc.date.available2025-03-20T09:50:49Z
dc.date.issued2024
dc.departmentİzmir Bakırçay Üniversitesi
dc.description.abstractPurposeThis research aims to investigate the role of the economic policy uncertainty (EPU) in the outward FDI (OFDI) of the United Kingdom (UK) by considering the institutional quality (IQ) and globalization level of the host country as contextual factors.Design/methodology/approachThe UK's OFDI to its twenty partners is analyzed by using the factor augmented model for the 2005-2019 period.FindingsThe results show that the EPU of the host country has a negative and significant effect on the UK's OFDI. Furthermore, the findings surprisingly illustrate that the globalization level of the host country has a negative and significant impact on the UK's OFDI. In terms of IQ, this study indicates that, while government effectiveness and regulatory quality have a negative and significant influence on the UK's OFDI, the rule of law has a positive and significant effect on the UK's OFDI.Originality/valueThis will be one of a few studies considering OFDI in the scope of EPU. Also, the contradicting results of the study add unique perspectives to the literature about the relationship between OFDI, globalization, and IQ.
dc.identifier.doi10.1108/JEFAS-05-2023-0143
dc.identifier.endpage409
dc.identifier.issn2077-1886
dc.identifier.issn2218-0648
dc.identifier.issue58
dc.identifier.scopus2-s2.0-85200360748
dc.identifier.scopusqualityQ1
dc.identifier.startpage387
dc.identifier.urihttps://doi.org/10.1108/JEFAS-05-2023-0143
dc.identifier.urihttps://hdl.handle.net/20.500.14034/2330
dc.identifier.volume29
dc.identifier.wosWOS:001284612900001
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherEmerald Group Publishing Ltd
dc.relation.ispartofJournal of Economics Finance and Administrative Science
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20250319
dc.subjectOutward FDI
dc.subjectEPU
dc.subjectInstitutional quality
dc.subjectGlobalization
dc.subjectFactor augmented model
dc.subjectC33
dc.subjectD81
dc.subjectE22
dc.subjectF21
dc.titleUnderstanding determinants of outward foreign direct investment: the role of economic policy uncertainty, institutional quality, and globalization
dc.typeArticle

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