Buckley, P. J. and Sutherland, D. and Voss, H. and El-Gohari, A. (2015) 'The economic geography of offshore incorporation in tax havens and offshore financial centres : the case of Chinese MNEs.', Journal of economic geography., 15 (1). pp. 103-128.
A large share of the outward foreign direct investment (FDI) of emerging market MNEs is directed towards a small number of specific tax havens and offshore financial centres. The establishment of investment-holding companies for taxation related purposes is frequently adduced as a key motivation (‘round-tripping’) for these investments. This explanation, however, accounts for neither the concentration of such investments in specific havens nor the comparatively large national shares of such investments that originate from emerging markets. Here we draw from and build links between the geography of money and finance and international business literatures to conceptually and empirically explore this prominent, if somewhat disregarded, feature of global FDI flows.
|Keywords:||Offshore financial centres, Tax havens, Theory of FDI, PR China.|
|Full text:||(AM) Accepted Manuscript|
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|Publisher Web site:||http://dx.doi.org/10.1093/jeg/lbt040|
|Publisher statement:||This is a pre-copyedited, author-produced PDF of an article accepted for publication in Journal of Economic Geography following peer review. The version of record Peter J. Buckley, Dylan Sutherland, Hinrich Voss, and Ahmad El-Gohari (2015) 'The economic geography of offshore incorporation in tax havens and offshore financial centres : the case of Chinese MNEs.' Journal of Economic Geography, 15(1), 103-128 is available online at: http://joeg.oxfordjournals.org/content/early/2013/12/12/jeg.lbt040.|
|Record Created:||15 Oct 2014 09:20|
|Last Modified:||13 Dec 2015 00:30|
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