agents have a comparative advantage over foreign agents in overcoming some of the obstacles associated with corruption and …

associated with corruption and weak institutions. We model these circumstances in a principal-agent framework with costly ex …

This paper empirically examines the impact of corruption on FDI in European Union countries, including candidate …, we find that corruption has a negative impact on FDI. -- FDI ; Corruption ; Efficient Grease Hypothesis ; OLS …

corruption-control (CC). The empirical evidence is based on a sample of 78 developing countries. The following findings are …

Most empirical research examines how the institutional environment of corruption shapes the behavior of MNCs. In this … environment of corruption over time. We propose three avenues through which the MNC may have an impact on its host institutions … FDI and corruption for a large sample of countries over the last 30 years, the empirical results are consistent with our …

Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between …

Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between …

We examine the effect of corruption on foreign direct investments (FDI). Starting out from the theory of FDI, we show … that corruption can have different effects on horizontal investments, which are primarily aimed at sales to the local …-level data, we find that corruption reduces the probability that a firm will invest in a country. Moreover, when studying the …