Los efectos de la red mundial de fusiones y adquisiciones sobre la inversión: un estudio para América Latina

This article studies the determinants of Foreign Direct Investment (FDI) in Latin America from a novel perspective. It shows that the so-called transfer and trust effects, defined by each country's position in the international mergers and acquisitions network, have a positive influence on foreign investment inflows. Social network analysis is used to quantify both transfer and trust effects, and models with panel data are applied to estimate the influence of such variables on the receipt of financial flows. The results confirm that both trust and transfer effects have positive influences on FDI inflows. The models also identify groups of countries with clear differences in this relationship