Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

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“The Impact of Foreign Direct Investment on Welfare in ASEAN: Does Environmental Degradation and Corruption Matter?”

Authors
Ripa Fajarina Laming1, *, Abdul Hamid Paddu2, Indraswati Tri Abdi Reviane2, Hamrullah Hamrullah2
1Economics Doctoral Program Student, Postgraduate Faculty of Economics and Business, Hasanuddin University, Makassar, Indonesia
2Faculty of Economics and Business, Hasanuddin University, Makassar, Indonesia
*Corresponding author. Email: lamingrf22a@student.unhas.ac.id
Corresponding Author
Ripa Fajarina Laming
Available Online 30 July 2025.
DOI
10.2991/978-94-6463-758-8_119How to use a DOI?
Keywords
FDI; Enviromental Degradation; Welfare; Corruption; ASEAN
Abstract

This study investigates the impact of Foreign Direct Investment (FDI) on welfare in ASEAN countries, with a focus on environmental degradation as a mediating variable and corruption as a moderating variable. Using panel data from seven ASEAN countries over the period 2012-2023, this research analyzes the relationships between FDI, environmental degradation, corruption, and welfare through a regression model with a Random Effects Model (REM) approach, estimated using Generalized Least Square (GLS). The analysis results indicate that FDI has a negative impact on welfare, with environmental degradation amplifying this effect. On the other hand, corruption is found to have a negative impact on welfare, but as a moderating factor, it slightly reduces the negative effect of FDI. These findings suggest that the sustainability of FDI’s benefits for welfare heavily depends on improved environmental management and stronger governance.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
30 July 2025
ISBN
978-94-6463-758-8
ISSN
2352-5428
DOI
10.2991/978-94-6463-758-8_119How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ripa Fajarina Laming
AU  - Abdul Hamid Paddu
AU  - Indraswati Tri Abdi Reviane
AU  - Hamrullah Hamrullah
PY  - 2025
DA  - 2025/07/30
TI  - “The Impact of Foreign Direct Investment on Welfare in ASEAN: Does Environmental Degradation and Corruption Matter?”
BT  - Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
PB  - Atlantis Press
SP  - 1492
EP  - 1504
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-758-8_119
DO  - 10.2991/978-94-6463-758-8_119
ID  - Laming2025
ER  -