Fortschritte in den Bereichen Demokratisierung, Recht, Ausbildung etc. eingehen. …

This paper empirically assesses how democratization affects real exchange rates. Specifically, in line with the … democratic peace theory we argue that democratization reduces currency undervaluation, and thus, might bring misalignments in … results reveal that democratization causes real exchange rates to appreciate, lending empirical support to the democratic …

distribution model, and theoretically explore and empirically research how democratization in the host country influences the going …-out process of Chinese enterprises. The overall results show that democratization impedes the inflows of Chinese enterprises …’ cross-border M&A, because the higher the degree of democratization in the host country, the stronger the intensity of …

lower level of democratization and a higher level of marketization are more likely to participate in agreements within the …

replace firms connected to the previous regime. This demonstrates that the potential economic benefits of democratization are …