Forthcoming articles


International Journal of Multinational Corporation Strategy


These articles have been peer-reviewed and accepted for publication in IJMCS, but are pending final changes, are not yet published and may not appear here in their final order of publication until they are assigned to issues. Therefore, the content conforms to our standards but the presentation (e.g. typesetting and proof-reading) is not necessarily up to the Inderscience standard. Additionally, titles, authors, abstracts and keywords may change before publication. Articles will not be published until the final proofs are validated by their authors.


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International Journal of Multinational Corporation Strategy (1 paper in press)


Regular Issues


  • Foreign Direct Investment vs. Portfolio Investment: Evidence from China   Order a copy of this article
    by Hyo Eun Cho, Jon Jungbien Moon 
    Abstract: Does foreign direct investment lead to higher performance? We address this long-standing question by using a novel research design. Using detailed panel data from China, we compare firms with foreign direct investment to firms with foreign portfolio investment within the narrow band around a threshold level of foreign direct investment designation. We find empirical evidence that firms with foreign direct investment outperform firms with portfolio investment. This is accomplished via more efficient production, more investment in research and development, more investment in physical capital, and more focus on the host market. We do not, however, find evidence that foreign direct investment firms introduce more new products or benefit from higher labour productivity.
    Keywords: Foreign Direct Investment; Portfolio Investment; Financial Performance; China.