Institutional theory and outward foreign direct investment: a review and future directions
by Bernardo Silva-Rêgo; Ariane Figueira
European J. of International Management (EJIM), Vol. 21, No. 1, 2023

Abstract: This study aims to map what we know and what we do not know concerning both the institutional theory and OFDI. We intend to elucidate how this subject has been treated in the International Business (IB) arena and how it could help us understand not only the emerging markets phenomena but also how institutions and OFDI can open new research venues to the understanding of IB. To do so, we reviewed 75 papers concerning the relationship between institutions and OFDI. By applying both keywords co-occurrence and content analysis, our review showed that the distribution of researches into five sub-fields: government support, location choice, market strategy, political institutions, and specific advantages. This article not only maps studies but also shows underexplored research streams and how each of them impacts the IB studies. Additionally, our study can help develop future studies by pointing out research gaps.

Online publication date: Thu, 10-Aug-2023

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