Outbound Foreign Direct Investment (FDI) Motivation and Domestic Employment by Multinational Enterprises (MNEs) |
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| Institution: | 1. School of Finance and Management, SOAS, University of London, Thornhaugh Street, Russell Square, London WC1H 0XG, United Kingdom of Great Britain and Northern Ireland;2. Department of Management, Quinlan School of Business, Loyola University Chicago, 16 E. Pearson St., Chicago, IL 60611, United States of America;3. Department of Management, The Chinese University of Hong Kong, Shatin, N.T., Hong Kong;1. Charlton College of Business, University of Massachusetts Dartmouth, 285 Old Westport Road, North Dartmouth, MA 02747-2300, United States of America;2. Clark University, United States of America;1. School of Business, Jiangnan University, Wuxi 214122, China;2. Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai, China;3. Schulich School of Business, York University, 4700 Keele Street, Toronto, ON M3J 1P3, Canada;1. Hill School of Business, University of Regina, Regina, Saskatchewan, Canada;2. Ivey Business School, Western University, London, Ontario, Canada |
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| Abstract: | This study investigates whether and how outbound foreign direct investment (FDI) boosts or reduces domestic employment by multinational enterprises (MNEs). Based on analyses of a firm-level sample of 18,252 subsidiary-year cases of Japanese MNEs in 59 countries from 1996 to 2010, the findings indicate that outbound FDI motivated by (1) market seeking for scale and scope expansion, (2) natural resource seeking, or (3) strategic asset seeking tends to serve as a “strategic complement” that enhances domestic employment by MNEs. However, outbound FDI motivated by (4) market seeking associated with declines in domestic demand or (5) labor resource seeking tends to act as a “strategic substitute” that reduces domestic employment by MNEs. The implications for theory, practice, and policymaking are discussed. |
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