Does FDI inflow crowd out domestic investment in Korea?

Article Abstract:

The dynamic interactions between inward foreign direct investment (FDI), economic growth and domestic investment in Korea are explored by employing a vector autoregression model and the innovations accounting techniques. It has been found that FDI has some positive effects on economic growth, but its effects seem to be insignificant whereas economic growth is found to have significant effect on the future level of FDI.

Foreign investments, Foreign direct investment

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Governance and competence: how can they be combined?

Article Abstract:

Transaction cost economics faces serious problems concerning the way it deals, or fails to deal, with bounded rationality, the efficiency of outcomes, trust, innovation, learning and the nature of knowledge. It also aims to contribute to the development of theory and empirical research that connects governance and competence perspectives.

United Kingdom

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Corporate governance and firm profitability: evidence from Korea before the economic crisis

Article Abstract:

The effects of ownership structure and conflicts of interest among shareholders under a poor corporate governance system on the profitability of the Korean firms are discussed.

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