The impact of kidnapping on foreign ownership of firms in Nigeria

Authors: Ede, O. and Okafor, G.

Journal: Thunderbird International Business Review

Volume: 65

Issue: 3

Pages: 341-354

eISSN: 1520-6874

ISSN: 1096-4762

DOI: 10.1002/tie.22328

Abstract:

Nigeria is one of the countries in Sub-Saharan Africa (SSA) that has faced high incidents of kidnapping. As a result of that, some studies have investigated its determinants and economic consequences in Nigeria. However, no study is yet to investigate its impact on the foreign ownership of firms. This is a research void that this article has attempted to fill. Using the World Bank Enterprise Survey and the United Nations Office on Drugs and Crime, we found empirical evidence of the negative impact of kidnapping on the foreign ownership of firms. An increase in the kidnapping rate by one (1 per 100,000 of population) will reduce the foreign ownership of firms by 4.855–10.098% depending on the econometric model. There is also empirical evidence that the impact of kidnapping on foreign ownership will vary by geographical regions in Nigeria and by firm size. Policy implications were deduced from our findings.

https://eprints.bournemouth.ac.uk/37959/

Source: Scopus

The impact of kidnapping on foreign ownership of firms in Nigeria

Authors: Ede, O. and Okafor, G.

Journal: THUNDERBIRD INTERNATIONAL BUSINESS REVIEW

Volume: 65

Issue: 3

Pages: 341-354

eISSN: 1520-6874

ISSN: 1096-4762

DOI: 10.1002/tie.22328

https://eprints.bournemouth.ac.uk/37959/

Source: Web of Science (Lite)

The impact of kidnapping on foreign ownership of firms in Nigeria

Authors: Ede, O. and Okafor, G.

Journal: Thunderbird international business review

Volume: 65

Issue: 3

Pages: 341-354

ISSN: 1096-4762

Abstract:

Nigeria is one of the countries in Sub-Saharan Africa (SSA) that has faced high incidents of kidnapping. As a result of that, some studies have investigated its determinants and economic consequences in Nigeria. However, no study is yet to investigate its impact on the foreign ownership of firms. This is a research void that this article has attempted to fill. Using the World Bank Enterprise Survey and the United Nations Office on Drugs and Crime, we found empirical evidence of the negative impact of kidnapping on the foreign ownership of firms. An increase in the kidnapping rate by one (1 per 100,000 of population) will reduce the foreign ownership of firms by 4.855–10.098% depending on the econometric model. There is also empirical evidence that the impact of kidnapping on foreign ownership will vary by geographical regions in Nigeria and by firm size. Policy implications were deduced from our findings.

https://eprints.bournemouth.ac.uk/37959/

Source: BURO EPrints