Buchanan, Bonnie G.; Le, Quan V.; Rishi, Meenakshi - In: International Review of Financial Analysis 21 (2012) C, pp. 81-89
Based on a panel data analysis of 164 countries from 1996 to 2006, we examine the impact of institutional quality on foreign direct investment (FDI) levels and volatility. We find that good institutional quality matters to FDI. We provide evidence that institutional quality has a positive and...