Rev. Fr. Dr. Anthony Igwe, Aaron Sunday Agbulu, Juliana Agu


This study examined the spillover effect of foreign investment on export behaviour of manufacturing medium enterprises in North Central Nigeria. Specifically, the study examined the spillover effect of market-seeking foreign investment, resource-seeking foreign investment and efficiency-seeking foreign investment on export behavior of manufacturing medium enterprises in North Central Nigeria. This study is anchored on Resource Based View of the Firm by Penrose in 1959.The study adopted cross-sectional design. The researcher chosen a total of 80 manufacturing medium enterprises operating in North Central Nigeria as the study population as well as its sample size. Judgmental sampling technique was used to choose one respondent from each company. Data was analyzed using multiple regression with the aid of statistical package for social sciences (SPSS) version 23. The result revealed that all the dimensions of  foreign investment are positively and significantly related to export behavior; that market seeking foreign investment had coefficients of estimate which was significant with β1= 0.212 (p-value = 0.011); resource-seeking foreign investment β2 = 0.904 (p-value = 0.000 and efficiency-seeking foreign investment β3 = 0.505 (p-value = 0.000). Based on the findings, the study conclude that market-seeking foreign investment, resource-seeking foreign investment and efficiency-seeking foreign investment have improved the export behavior of manufacturing medium enterprises in North central Nigeria. Based on the conclusion, the researcher recommends that Managers of manufacturing medium enterprises in Nigeria should adopt market seeking foreign investment, resource-seeking foreign investment and efficiency-seeking foreign investment so as to improve their export behavior.


Spillover Effect, Foreign Investment, Export Behaviour.

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