Özet:

Digital transformation has not only increased the value of digital data, but also brought privacy violations and national security threats that may occur with cross-border transfer of personal data. This situation has paved the way for both countries and regional organizations to create protective legal regulations. On the other side, foreign direct investments, which are made through companies (MNCs) operating in more than one country due to their structure, are among the actors that most in need the international circulation of digital data. Therefore, it is thought that FDI and cross-border transfer of personal data cannot be independent of each other. With the European General Data Protection Regulation adopted in 2016, the European Union has determined the most general procedures and principles in ensuring the transfer and security of personal data, and has begun to declare countries that meet these requirements as adequate countries. In this study, whether there is a relationship between being an adequate country in satisfying data security and foreign direct investments (FDI) was analyzed with a dynamic panel data model with a data set consisting of data from 65 countries and the years between 2010-2020. As a result of this analysis, it is seen that effect of the variable of being adequate country status in satisfying data security in accordance with EU standards on FDI inflows was statistically significant and positive, in line with expectations.

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