| Abstract: | Despite its cultural distance, Morocco is becoming an interesting target country for foreign direct investment (FDI) from Spanish firms. Several factors facilitate this process: Morocco's geographical proximity, strategic location, emerging market, political stability, and workforce, as well as the know-how the country needs to complete its economic development. Based on traditional theories about FDI and the resource-based view of the firm, this paper analyzes the influence that various firm-specific factors may have exerted on the ownership structure of investments in Morocco. Our results suggest that Spanish firms that have chosen full ownership investments without the support of a partner have more than one investment in Morocco, and accumulate more experience in using that investing strategy in other countries. |
