@article{(Open Science Index):https://publications.waset.org/pdf/11894, title = {Does Corporate Governance or Transparency Affect Foreign Direct Investment?}, author = {Haksoon Kim}, country = {}, institution = {}, abstract = {The paper investigates the relationship between the foreign direct investment (FDI) and the corporate governance or transparency by investigating the country-level FDI flows, FDI inward performance, corporate governance and transparency variables. From the regression analysis with Newey-West estimator of 28 country panel data from 1990- 2002, we find strong positive relationships between corporate governance or transparency level of hosting countries and FDI inward performance within hosting countries. A strong positive relationship is found between anti-director rights level or number of analysts of hosting countries and FDI inward performance within hosting countries. Also, we find a positive relationship between the number of analysts of hosting countries and FDI inflows. The empirical results are consistent with stock market liberalizations and corporate governance explanations of reasons for FDI. }, journal = {International Journal of Economics and Management Engineering}, volume = {4}, number = {7}, year = {2010}, pages = {1694 - 1701}, ee = {https://publications.waset.org/pdf/11894}, url = {https://publications.waset.org/vol/43}, bibsource = {https://publications.waset.org/}, issn = {eISSN: 1307-6892}, publisher = {World Academy of Science, Engineering and Technology}, index = {Open Science Index 43, 2010}, }