Artikel Ilmiah Nasional

Indonesia's missing multinationals : business groups and outward direct investment

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Judul Seri

Abstract : Some countries produce more multinational enterprises (MNEs) than others, India and China, in particular, have produced a number of dynamic MNEs whose success abroad generates important economic benefits for the home economy. Motivated by this observation, we describe the internationalization record of Indonesia’s major business groups. Using an archival analysis method, we find that, with a few exceptions, Indonesia’s largest business grouping focus predominantly upon the domestic market. We advance two explanations for this investment pattern. The first suggest that the apparent absence of Indonesian MNEs is an accounting error, because firms outward investment is under-reported in official statistics. The second suggests that Indonesians outward foreign direct investment is impeded by a combination of institutional and firm level factors that arrest the internationalization of all but the largest firms. We discuss the policy implications of these findings and reflect on

No. Panggil

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Penerbit

Jakarta : Centre for Strategic and International Studies (CSIS)., 2011

Deskripsi Fisik

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Bahasa

English

ISBN/ISSN

0007-4918

Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

April 2011, Vol. 47 No. 1

Subjek

Investment

Info Detail Spesifik

Halaman 105-126

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