Daude, Christian; Fratzscher, Marcel - 2006
– FDI, portfolio equity securities, debt securities as well as loans – for a broad set of 77 countries, we show that such a … particular FDI, and to some extent also loans, are substantially more sensitive to information frictions than investment in … portfolio equity and debt securities. We also show that the share as well as the size of FDI that a country receive are largely …