The economic geography of offshore incorporation in tax havens and offshore financial centres: The case of Chinese MNEs

Peter J. Buckley; Dylan Sutherland; Hinrich Voss; Ahmad El-Gohariy

doi:10.4337/9781786431332.00020

The economic geography of offshore incorporation in tax havens and offshore financial centres: The case of Chinese MNEs

Peter J. Buckley, Dylan Sutherland^*, Hinrich Voss, Ahmad El-Gohariy

^*Corresponding author for this work

PMO Comparative & International Business

Research output: Chapter in Book/Conference proceeding › Chapter › peer-review

Abstract

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.

Original language	English
Title of host publication	The Global Factory
Subtitle of host publication	Networked Multinational Enterprises in the Modern Global Economy
Editors	Peter J. Buckley
Place of Publication	Cheltenham
Publisher	Edward Elgar
Chapter	11
Pages	158-183
Number of pages	26
ISBN (Electronic)	9781786431332
ISBN (Print)	9781786431325
DOIs	https://doi.org/10.4337/9781786431332.00020
Publication status	Published - 23 Feb 2018

Keywords

Offshore financial centres
PR China
Tax havens
Theory of FDI

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.4337/9781786431332.00020

Cite this

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The economic geography of offshore incorporation in tax havens and offshore financial centres: The case of Chinese MNEs. / Buckley, Peter J.; Sutherland, Dylan; Voss, Hinrich et al.
The Global Factory: Networked Multinational Enterprises in the Modern Global Economy. ed. / Peter J. Buckley. Cheltenham: Edward Elgar, 2018. p. 158-183.

Research output: Chapter in Book/Conference proceeding › Chapter › peer-review

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The economic geography of offshore incorporation in tax havens and offshore financial centres: The case of Chinese MNEs

Abstract

Keywords

UN SDGs

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