By taking an objective and scientific bibliometric analysis approach, this paper presents the first review of the extant knowledge base on tax havens. This analysis has guided us in developing an overarching theoretical framework that examines the determinants of the use of tax havens by multinational enterprises (MNEs). Based on our systematic review and theoretical framework, we were able to develop and introduce a new concept, called accountability-avoiding FDI (foreign direct investment), which is distinct from the standard FDI motives identified in the international business (IB) literature. Our review also makes a contribution by explaining how various definitions, measurements, methodologies and categorizations of tax havens can lead to differing and mixed results. Given that the tax haven literature is of a cross-disciplinary nature, we specifically make a case for how the IB community can make a stronger contribution to our understanding of tax haven activity and its ramifications. We conclude the paper with suggestions for the future research that IB and management scholars could pursue in order to contribute unique insights to the area of MNE strategy and the implications of tax haven investments for countries, various industries and the MNEs themselves.
Bibliographical noteThis is the peer reviewed version of the following article: Temouri, Y, Budhwar, P, Jones, C, Ylönen, M, Pereira, V, Cobham, A. (2021) Tax havens and international business: A conceptual framework of accountability-avoiding foreign direct investment. International Journal of Management Reviews. 00 1– 24., which has been published in final form at https://doi.org/10.1111/ijmr.12279. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for self-archiving.
- Tax havens
- Multinational enterprises
- Foreign Direct Investment
- Bibliometric Analysis