We investigate empirically changes in voting in the United Nations General Assembly consequent to leader turnovers over the 1985–2008 period and find evidence that governments with new rulers are more supportive of the United States on important votes. We consider the explanations that might...

Many scholars argue that international institutions have little power to enforce laws, punish offenders, or force compliance. Others stress that international institutions are important actors, specifically in the regulation of international trade. In this paper I argue that the recent trade...

There is a renewed interest in how political risk affects multinational corporations operating in emerging markets. Much of this research has focused on the relationship between democratic institutions and flows of foreign direct investment (FDI), offering inconclusive evidence on the...

In this paper, I explore the relationship between corporate tax rates and multinational production in the OECD from 1980-2000. I utilize a time-series-cross-sectional general error correction model to explore the impact of corporate taxation rates and FDI inflows in 19 OECD economies from...

Since the early 1990s, a large number of studies have been undertaken to understand the causes and consequences of corruption. Many of these studies have employed firm-level survey data from various countries. While insightful, these analyses based on firm-level surveys have largely ignored two...

A selection model for 68 countries between 1970 and 1998 is used to test the impact of International Monetary Fund(IMF) programs on international capital markets and examine how agreements are perceived by multinational investors. Results reveal that even after controlling for the factors that...

There is a substantial literature that has linked past acts of violence to investment. In this article, we argue that the appropriate mechanism linking violence to investment is investor perceptions of risk, in which forward-looking investors attempt to predict the likelihood of future political...