Javorcik, Beata S.; Wei, Shang-Jin - In: Journal of International Money and Finance 28 (2009) 4, pp. 605-624
This paper studies the joint impact of corruption on the entry mode and volume of inward foreign direct investment (FDI) using a unique firm-level data set. We find that corruption not only reduces inward FDI, but also shifts the ownership structure towards joint ventures. The latter finding...