Drivers of Brazilian foreign investments – technology seeking and technology exploiting as determinants of emerging FDI

Pereira de Carvalho, Flavia, Duysters, Geert and Costa, Ionara (2010). Drivers of Brazilian foreign investments – technology seeking and technology exploiting as determinants of emerging FDI. UNU-MERIT.

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  • Author Pereira de Carvalho, Flavia
    Duysters, Geert
    Costa, Ionara
    Title Drivers of Brazilian foreign investments – technology seeking and technology exploiting as determinants of emerging FDI
    Publication Date 2010
    Publisher UNU-MERIT
    Abstract The paper uses data from a recent survey on Brazilian firms to investigate the role of technology in the internationalization of firms, and whether if affects the destination of foreign investments. Emerging markets FDI is a much-debated topic these days, and their technology-seeking purpose is a strong driver for the internationalization, as firms are searching for assets in order to compete. We apply a logit model to seek for the influence of determinants and some firms’ competitive advantages on the choice for developed countries as a destination for Brazilian FDI. We also test which modes of entry are preferred when investing in a developed destination. Our results point out the importance of a skilled labor force on the decisions to invest in developed destinations. We found out that technology is an asset used as a competitive resource, and that Brazilian firms do not undertake technology-seeking investments in developed countries, and that acquisitions and Greenfield investments are the main modes of entry.
    Keyword Foreign direct investments
    Emerging markets
    Technology
    Innovation
    Competitive advantages
    Multinational corporations
    JEL F21
    F23
    O33
    Copyright Holder UNU-MERIT
    Copyright Year 2010
    ISSN 1871-9872
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    Created: Wed, 11 Dec 2013, 16:15:17 JST