| Residential College | false |
| Status | 已發表Published |
| Monarchical Succession and Multinational Firms’ FDI Entry Decisions | |
HU TIANYOU 
| |
| 2024-09 | |
| Conference Name | British Academy of Management Annual Meeting 2024 |
| Conference Date | 2024-09-04 |
| Conference Place | Nottingham, U.K. |
| Country | U.K. |
| Abstract | The succession of rulers in authoritarian regimes creates uncertainties and sudden changes in policies affecting foreign investments (FDI). Foreign firms must assess potential succession, considering both the current environment and future trends when making investment decisions. We propose that succession generally discourages FDI entries, but the international influence of the deceased king, a smooth power transition, and the attitudes of successors toward foreign investments are critical factors for future investment. We examine the successions in the six oil-rich Arab countries of the Gulf Cooperation Council (GCC) and their impact on Japanese FDI entries from 1990 to 2019. Our results show that Japanese firms are less likely to enter a GCC country during a succession following the king's death. This negative impact is stronger when the deceased king had significant foreign recognition but is mitigated if the succession is supported by the military power of the successors. Additionally, when successors display potential for fostering a more friendly and open environment, indicated by their political experience, education level, overseas experience, and age, the negative impact of succession is further reduced. |
| Document Type | Conference paper |
| Collection | DEPARTMENT OF MANAGEMENT AND MARKETING |
| Corresponding Author | HU TIANYOU |
| Affiliation | University of Macau |
| Recommended Citation GB/T 7714 | HU TIANYOU. Monarchical Succession and Multinational Firms’ FDI Entry Decisions[C], 2024. |
| APA | HU TIANYOU.(2024). Monarchical Succession and Multinational Firms’ FDI Entry Decisions. . |
| Files in This Item: | There are no files associated with this item. | |||||
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