Recent research in international business and related fields suggests that a country’s overseas migrant populations can facilitate its inward flow of foreign direct investment (FDI). How do recipient-country governments interested in attracting more migrant-facilitated FDI respond? We provide the first exploratory study of recipient-country response by examining a public–private partnership (PPP) between government-run investment promotion agencies and diaspora-focused non-governmental organizations (NGOs). Evidence from a review of the Succeed in Ireland initiative, a partnership between the Investment Development Agency of Ireland and an NGO called ConnectIreland, provides novel insights into PPP strengths and weaknesses. We use these insights to develop propositions for future research and practical guidance on the optimal PPP design to attract more migrant-facilitated FDI.
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We thank Joanna Murphy and our expert informants for their cooperation and support on this project. We indebted to the editorial guidance of Paul Vaaler and two anonymous reviewers for their feedback and recommendations. This research has also benefitted from helpful comments by conference attendees at the Academy of International Business and the International Association for Business and Society. All errors are ours.
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Accepted by Paul Vaaler, Area Editor, 9 October 2019. This article has been with the authors for two revisions
Appendix: Selected ConnectIreland Jobs Announcements, 2012–2016
Appendix: Selected ConnectIreland Jobs Announcements, 2012–2016
|Announcement date||Company||Sector/industry||Location||Number of jobs|
|1 June||Intergeo||Environmental contracting||Carlow||30|
|27 May||Mafic||Production of basalt fibre||Meath||70|
|19 July||Magni||Automotive coating business||Cork||50|
|19 July||Flagship||Consultancy and recruitment services for maritime companies||Galway||15|
|19 July||Ark||Consulting services in ETRM (Energy Trading Risk Management) sector||Longford||10|
|4 October||Sound and Sea||Ocean and marine engineering services||Cork||55|
|IA Innovation||European Corporate Training entity of Improv Asylum||Dublin||12|
|SMI||Technology consulting and government relations||Dublin||10|
|Bayne Law Group||Legal consultancy||Cork||6|
|19 November||SWG and MDS||Technology and technical support||Kells, Meath||50|
|3 December||Clearplas and||Plastics reprocessing||Meath||19|
|Eyefinity||Medical records software for The optical industry||Dublin||20|
|11 December||1E||IT efficiency software||Dublin||40|
|30 March||Deko foods||Ethnic foods manufacturer||Meath||20|
|8 April||SMK||Electro-mechanical component manufacturer||Dublin||11|
|5 May||Spiruline||Health food manufacturer and distributor||Dublin||13|
|15 June||DataClarity||Business analytics software, consulting, and education services||Dublin||30|
|1 July||Absorb Technology (Blatant Media)||Software platform for training courses||Dublin||12|
|2 July||ProSeeder||Customizable financial technology platform for investment firms||Dublin||17|
|20 August||6D Global||Digital business solutions (marketing and technology)||Dublin||60|
|7 September||CipherTechs||Security solutions for businesses||Kilkenny||36|
|6 October||CGM||Software development||Waterford||10|
|20 November||Chameleon||Technology/ native advertising platform||Dublin||21|
|9 March||Cargurus||Shopping site||Dublin||100|
|19 May||Castle Craig||Residential rehabilitation hospital||Ardee, County Louth||48|
|22 September||Yroo||Search engine for smart shoppers||Dublin||33|
|27 September||eCOMM||Banking and financial technology||Navan||30|
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Poliakova, E., Riddle, L. & Cummings, M.E. Diaspora investment promotion via public–private partnerships: Case-study insights and IB research implications from the Succeed in Ireland initiative. J Int Bus Policy 3, 23–37 (2020). https://doi.org/10.1057/s42214-019-00044-7
- foreign direct investment
- investment-promotion agencies
- principal-agent theory
- public–private partnerships
- case study