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Journal of International Business Studies

, Volume 33, Issue 3, pp 403–421 | Cite as

Asset-Exploitation Versus Asset-Seeking: Implications for Location Choice of Foreign Direct Investment from Newly Industrialized Economies

  • Shige Makino
  • Chung-Ming Lau
  • Rhy-Song Yeh
Article

Abstract

This study examined several hypotheses regarding the location choice of foreign direct investment from newly industrialized economies (NIEs). Using a sample of 328 Taiwanese firms in the analysis, this study found that the firms’ motivations had a significant impact on the choice of their investment location (developed countries vs. less developed countries), yet this impact was moderated by the capabilities that the firms possessed. The results suggest that both asset-exploitation and asset-seeking aspects of investments are predictive of the NIE firms’ location choice of investment.

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Copyright information

© Academy of International Business 2002

Authors and Affiliations

  • Shige Makino
    • 1
  • Chung-Ming Lau
    • 1
  • Rhy-Song Yeh
    • 2
  1. 1.The Chinese University of Hong Kong
  2. 2.Peking University

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