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研究生:陸蒂娜
研究生(外文):Zhussupbekova Madina
論文名稱:Determinants of Foreign Direct Investment in Emerging Market Economy: Evidence from Kazakhstan Oil Market
論文名稱(外文):Determinants of Foreign Direct Investment in Emerging Market Economy: Evidence from Kazakhstan Oil Market
指導教授:謝昌隆謝昌隆引用關係林谷合林谷合引用關係
指導教授(外文):Chang-Lung HsiehLin Ku-Ho
學位類別:碩士
校院名稱:銘傳大學
系所名稱:管理研究所
學門:商業及管理學門
學類:企業管理學類
論文種類:學術論文
論文出版年:2008
畢業學年度:96
語文別:中文
論文頁數:119
中文關鍵詞:FDIDeterminantsOLI modeloil industry
外文關鍵詞:DeterminantsFDIoil industryOLI model
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ABSTRACT

The main purpose of this study was to find out the major determinants of foreign direct investment, their decision and motivation of investment in Kazakhstan as an attractive country and what kind of advantages does these determinants can provide to attract foreign investments in Kazakhstan.
This study focused on emerging country Kazakhstan and its growth and development for the resent years and introduced the situation of Kazakhstan oil market. As mentioned above the motive of this study was to identify the determinant factors of international foreign companies investment decisions in Kazakhstan and to find out the advantages that Kazakhstan can provide to international companies. According to the literature review study was considers to the following factors, suggested by OLI (ownership, location, internalization) model of Dunning. Regarding to the OLI model the interview questions was structured and was applied for the three international companies, which helped to identify the main reasons and motivation of investment in Kazakhstan. According to the results of interview was fi out for the ownership-specific advantages such as firm size, experience, knowledge, technology, information was very important to the investment decision, significant for this study. Concerning Kazakhstan location-specific advantages it was market potential, the country’s politics and economics’ climate and its natural recourse were important determinant factors. To entry to Kazakhstan country companies choose join venture means sharing risk, profit, knowledge, management and experience that’s internalization advantages.
To go over the main points of the results found in this study that Kazakhstan is attracting country for selection process of FDI and should continue to be an attractive destination for FDI.
ABSTRACT

The main purpose of this study was to find out the major determinants of foreign direct investment, their decision and motivation of investment in Kazakhstan as an attractive country and what kind of advantages does these determinants can provide to attract foreign investments in Kazakhstan.
This study focused on emerging country Kazakhstan and its growth and development for the resent years and introduced the situation of Kazakhstan oil market. As mentioned above the motive of this study was to identify the determinant factors of international foreign companies investment decisions in Kazakhstan and to find out the advantages that Kazakhstan can provide to international companies. According to the literature review study was considers to the following factors, suggested by OLI (ownership, location, internalization) model of Dunning. Regarding to the OLI model the interview questions was structured and was applied for the three international companies, which helped to identify the main reasons and motivation of investment in Kazakhstan. According to the results of interview was fi out for the ownership-specific advantages such as firm size, experience, knowledge, technology, information was very important to the investment decision, significant for this study. Concerning Kazakhstan location-specific advantages it was market potential, the country’s politics and economics’ climate and its natural recourse were important determinant factors. To entry to Kazakhstan country companies choose join venture means sharing risk, profit, knowledge, management and experience that’s internalization advantages.
To go over the main points of the results found in this study that Kazakhstan is attracting country for selection process of FDI and should continue to be an attractive destination for FDI.
TABLE OF CONTENTS
Abstract 2
Aknowledgment 3
List of figures 7
List of tables 8
List of abbreviations 9
Chapter One 11
1. Introduction 11
1.1 Motivation of research 11
1.2 Purposes of study 12
1.3 Proposition of study 14
1.4 Chapter contains 15
Chapter Two 17
2. Kazakhstan petrouleum sector 17
2.1 Economy growth 17
2.2 Oil Production 20
2.3 Oil Export 22
2.4 Oil Investment 24
2.5 Summary . 26
Chapter Three 28
3 Literature review 28
3.1 FDI definition 28
3.2 FDI theory 31
3.3 FDI determinants 38
3.4 Summary 45
Chapter Four 47
4 Methodology 47
4.1 Qualitative interviewing 47
4.2 Procedure 49
4.3 Corporations studied 50
4.4 Participants 50
4.5 Data analysis 50
Chapter Five 52
5 Companies 52
5.1 Maersk 42
5.1.1 Maersk background 52
5.1.2 Maersk history 54
5.1.3 Maersk in Kazakhstan 56
5.2 Saipem 57
5.2.1 Saipem background 57
5.2.2 Saipem history 59
5.2.3 Saipem in Kazkahstan 61
5.3 British Gas 64
5.3.1 British Gas background 64
5.3.2 British Gas history 66
5.3.3 British Gas in Kazakhstan 67
Chapter Six 72
6 Research analyse 72
6.1 Interview process 72
6.2 Case studies 75
6.2.1 Case study one 75
6.2.2 Case study two 78
6.2.3 Case study three 83
6.3 Summary and discussion 85
6.3.1 Ownership advantages 86
6.3.2 Location advantages 87
6.3.3 Internalization advantages 90
6.4 Summary 93
Chapter Seven 95
7 Conclusion 95
7.1 Owenership advantages 95
7.2 Location advantages 97
7.3 Internalization advanatges 101
7.3 Limitation 104
7.3 Implication 105
7.4 Future research 107
Reference 108
Apendix 1 118
Appendix 2 119
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