ABSTRACT

Over the last few decades, institutional theory has gained importance in research into the determinants of Foreign Direct Investment (FDI). However, the role of informal institutions especially remains an under-exploited theme.

With regard to the theoretical framework, we first summarise known findings about FDI barriers, institutions, and their role in the foreign investors’ decision-making processes. In the second part, we present results of our empirical analysis of press clippings from one of the leading Slovenian dailies for the selected years, 1992 and 2018. In Slovenia, the year 1992 was the first peaceful year after independence was gained and the year that privatisation legislation was adopted. In 2018 a great deal of public attention was focused on several incoming FDI projects.

We propose conclusions concerning the change and influence of the press and selected informal institutions as FDI determinants in Slovenia between 1992 and 2018. The main conclusion is that there was a significant change during this period, and we try to explain this observation. The originality of the present research is the use of a combination of theoretical findings with empirical analysis, and the authors’ personal experiences of the two different periods of time in Slovenia.

摘要

在过去的几十年里，制度理论在外国直接投资 (FDI) 的决定因素研究中变得越来越重要。然而，非正式机构的作用尤其仍然是一个未被充分利用的主题。

关于理论框架，我们首先总结了有关 FDI 障碍、制度及其在外国投资者决策过程中的作用的已知发现。在第二部分，我们展示了我们对选定年份（1992 年和 2018 年）斯洛文尼亚一家主要日报的新闻剪报的实证分析结果。在斯洛文尼亚，1992 年是获得独立后的第一个和平年，也是通过了私有化立法。2018 年，公众的大量注意力集中在几个即将到来的 FDI 项目上。

我们就 1992 年至 2018 年间斯洛文尼亚新闻界和选定的非正式机构作为 FDI 决定因素的变化和影响提出结论。主要结论是这一时期发生了重大变化，我们试图解释这一观察结果。本研究的独创性在于将理论发现与实证分析相结合，以及作者在斯洛文尼亚两个不同时期的个人经历。