外商直接投资行为的决定因素【外文翻译】.doc

本科毕业论文外文翻译
外文题目: Behavioural Determinants Of foreign Direct Investment
出处: University of Bath
作者: Ricardo Pinheiro Alves
原文:
Behavioral Determination Of Foreign Direct Investment
Picardo Pinheiro Alves
Abstract
The paper presents a behavioural economics approach to foreign direct investment. Starting from behavioural finance theory, it uses content analysis from interviews made to Portuguese managers with investments abroad. The study presents evidence of herding, anchoring, overconfidence, mental
accounting and other behaviour rules in firms’ location decisions that originate a set of determinants of FDI flows plement the neoclassical paradigm. Moreover, it confirms the Heiner model (1983, 1985, 1989) by showing that the
higher the uncertainty faced by decision makers the more frequent will be the use of behavioural rules. The central role of uncertainty helps explain why FDI flows occur more frequently among developed countries.

FDI theory has been developing on a partial-equilibrium basis and its empirical analysis is often not conclusive indicating that there are many determinants of FDI decisions and their role varies with context (countries, firms and so on – Blonigen, 2005). But theory seldom considers the role of managers within the decision making process. Psychologists recognize that managers, as human beings in general, have several moti