foreign direct investment (FDI) dynamics at different levels of aggregation as well as at firm level. We propose a theoretical … reduction in FDI resulting from both physical and transition risks but an ambiguous interaction effect of these risks with … we do not find consistent evidence for statistically significant effects of physical and transition risks on FDI. However …

spillovers from multinationals to domestic firms justify pro- FDI policies. For the first time, we use firm-to-firm transaction …

We develop a simple information-based model of FDI flows. On the one hand, the abundance of intangible' capital in … countries, enhances FDI flows. On the other hand, host-country corporate-transparency diminishes the value of this expertise … thereby reducing the flow of FDI. Empirical evidence (from a sample of 12 source countries and 45 host countries over the 1980 …

We develop a simple information-based model of FDI flows in which the abundance of intangible' capital in the source … countries, which generates expertise in cream-skimming investment projects in the host countries and enhances FDI flows … flow of FDI. Empirical evidence (from a sample of 12 source countries and 45 host countries over the 1980s and 1990s) which …