Foreign direct investment location choice of small- and medium-sized enterprises: The risk of value erosion of firm-specific resources |
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| Affiliation: | 1. University of Giessen, Licher Str. 62, 35394 Giessen, Germany;2. Technical University of Kaiserslautern, Gottlieb-Daimler Str.42, 67653 Kaiserslautern, Germany;3. Heinrich-Heine University of Duesseldorf, Universitaetsstraße 1, 40225 Düsseldorf, Germany;4. University of Paderborn, Technologiepark 11, 33098 Paderborn, Germany;1. School of Business and Economics, Loughborough University, Loughborough, LE11 3TU, United Kingdom;2. Business School, University of Glasgow, Glasgow G12 8QQ, United Kingdom;1. Institut Teknologi Sepuluh Nopember (ITS), Indonesia;2. University of Otago, New Zealand;3. Aalto University, Finland;1. University of Seville (Spain), Avda San Francisco Javier s/n, 41018 Seville, Spain;2. University of Seville (Spain), Avda Ramón y Cajal, 1, 41018 Seville, Spain;1. Department of Business Studies, Uppsala University, Box 513, 751 20 Uppsala, Sweden;2. Department of Business Administration, Public University of Navarre, Campus Arrosadía s/n, 31006 Pamplona, Navarre, Spain;1. Department of Business Administration, National Chung Cheng University, No. 168, University Road, Minhsiung Township, Chia-Yi, Taiwan;2. Department of International Business, National Taiwan University, No. 85, Sec. 4, Roosevelt Road, Taipei 106, Taiwan;3. Department of Marketing, Feng Chia University, No. 100, Wenhwa Rd., Seatwen, Taichung 407, Taiwan;1. Department of Strategic Management, Guanghua School of Management, Peking University, Beijing 100871, China;2. Business School, Loughborough LE11 3TU, UK;3. Sir John Cass Business School, City University London, London EC1Y 8TZ, UK;4. Vienna University of Economics and Business, Austria;5. Centre for Management Buyout Research, Imperial College Business School and University of Ghent, UK |
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| Abstract: | Drawing on the resource-based view and FDI theory, the present study introduces the risk of value erosion as a core concept to explain the moderating effect of SMEs’ resources (knowledge intensity and international experience) on the relationship between motives (market seeking, resource seeking, strategic asset seeking) and FDI location choice (developed countries vs. developing countries). Testing our theoretical predictions on survey data obtained from 100 German SMEs, our results indicate that knowledge intensity and international experience significantly influence the relationship between motives and SMEs’ FDI location choice. Adding this perspective, we provide an enhanced understanding of SMEs’ FDI location choice and beyond. |
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| Keywords: | Foreign direct investment International experience Knowledge intensity Location choice Resource-based view Risk of value erosion |
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