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Diaspora investment promotion via public–private partnerships: Case-study insights and IB research implications from the Succeed in Ireland initiative


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
 16 June UCT Chromatography Wexford 17
 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

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  • migrants
  • foreign direct investment
  • investment-promotion agencies
  • principal-agent theory
  • public–private partnerships
  • case study