Özet:

Direct foreign investment plays an important role in the 21st-century global and liberal economy, increasing the country’s economic well-being and international competitiveness. This is a way for developing economies that realize the importance of foreign investments, to develop and renew policies to attract their investments to their countries. The aim of the study in this context is to investigate the impact of the corporate governance indicators determined by the World Bank on foreign direct investment entries in 20 middle-income countries, including Turkey, for the period 2002-2018. The dependent variable of the study is the share in the non-clean domestic profits of foreign investments, the independent variable is the control of corruption, the effectiveness of the government, the absence of political stability and violence, the quality of regulatory, the sovereignty of law and freedom of expression and accountability. In the study, the relationship between the variables is tested using annual data sets by panel data analysis. According to the findings obtained from the analysis, political stability and the absence of violence on foreign direct investment entries and regulatory quality variables are positive; the government’s effectiveness variable is negative. Furthermore, the increase in the level of domestic investment with open trade used as control variables increases the country’s direct foreign investment entries.

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