진출국 제도와 해외직접투자 선택에 관한 연구

The purpose of this paper is to explore the determining factors of foreign directinvestment(FDI) of Korea by using institutioanl theory. In addition, this study dividesinstitutional facts into the formal and the informal institutions. The empirical test implements multiful regression analysis focuing on korean electronics andautomotive industry. The dependent variables are FDI outflow and the independent ones arecorruption, econimic freedom, political risk, human development, and culturan distance. According to the empirical results, corruptin and human development have positive effects onKorean FDI outflow. On the other hand, political risks and economic freedom have negativeeffects on Korean FDI outflow. This results indicate the importance of forman and informalinstitutional facotrs as determinants of Korean FDI outflow