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

Keilla Dayane Silva-Oliveira, Edson Keyso Miranda Kubo, Michael J. Morley () and Rodrigo Médici Cândido
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Keilla Dayane Silva-Oliveira: Universidade Municipal de São Caetano do Sul (USCS)
Edson Keyso Miranda Kubo: Universidade Municipal de São Caetano do Sul (USCS)
Michael J. Morley: University of Limerick
Rodrigo Médici Cândido: Universidade Municipal de São Caetano do Sul (USCS)

Management International Review, 2021, vol. 61, issue 5, No 2, 643-679

Abstract: 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.

Keywords: Emerging economies; Foreign direct investment; Multinational enterprises; Bibliometric analysis (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s11575-021-00448-9

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