Weak public institutions, including high levels of corruption, characterize many developing countries. With a simple …

This Paper studies the impact of corruption in a host country on a foreign investor’s preference for a joint venture …, corruption makes local bureaucracy less transparent and increases the value of using a local partner to cut through the … bureaucratic maze. On the other hand, corruption decreases the effective protection of investor’s intangible assets and lowers the …

possibility that some features of FDI host countries, such as bureaucratic corruption, may deter inward FDI, but are positively … taking explicitly into account corruption levels in host countries and using a firm-level data set on investment projects in …