Emerging Economy Inward and Outward Foreign Direct Investment: A Bibliometric and Thematic Content Analysis

Keilla Dayane da Silva-Oliveira, Edson Keyso de Miranda Kubo, Michael J. Morley, Rodrigo Médici Cândido

Research output: Contribution to journalReview articlepeer-review

Abstract

Research examining emerging economy inward and outward foreign direct investment (FDI) flows is on a significant upward trajectory. In this bibliometric analysis covering 806 articles published between 1994 and 2019, we map key aspects of its contours. Our analysis proceeds in two sequential phases involving a performance analysis, followed by a thematic analysis. Our performance analysis unveils fundamental elements of the structure of the knowledge base. Our subsequent thematic analysis identifies three focal topics arising from identifiable shared qualities characterizing this literature. Firstly, we distinguish scholarship focused on inward FDI into emerging economies formed by two particular classes, namely ‘innovative FDI’ and ‘capital flows’. Our second theme covers outward FDI from these emerging economies and also comprises two specific classes referring to the ‘institutional environment’ and the ‘theoretical framework deployed’. Our final theme relates to an integrated body of knowledge explicating aspects of the location choice decision. Building on this analysis, we isolate a number of opportunities for future research.

Original languageEnglish
Pages (from-to)643-679
Number of pages37
JournalManagement International Review
Volume61
Issue number5
DOIs
Publication statusPublished - Oct 2021
Externally publishedYes

Keywords

  • Bibliometric analysis
  • Emerging economies
  • Foreign direct investment
  • Multinational enterprises

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