Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/55947
Authors: 
Chen, Jo-hui
Year of Publication: 
2005
Citation: 
[Journal:] Journal of Entrepreneurial Finance, JEF [ISSN:] 1551-9570 [Volume:] 10 [Year:] 2005 [Issue:] 3 [Pages:] 89-107
Abstract: 
This study measured the impacts of the industrial characteristics and the fiscal incentives that influenced foreign direct investment. We used the fixed effect model with a 2SLS simultaneous equation for the period of rapid economic growth from 1980 to 1996 across nine industries in Taiwan. We found that the wage and market size are positively correlated with foreign national investors, while exports are negatively correlated with overseas Chinese investors. The results also indicated that the tax holiday and the statute for the promotion of upgrading industries affect foreign national investors positively, but that R&D tax credits are ineffective. The relatively high effective tax rates may not deter investments by foreign national investors, thus providing more profitability to a region of economic growth, such as Taiwan. In addition, the profitability of overseas Chinese investors is supported by asset efficiency.
Document Type: 
Article

Files in This Item:
File
Size
217.4 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.