We use a hand-collected data set of firm-level foreign direct investment in China to examine the impact of home countries' institutional elements on the investment co-movement between foreign and domestic firms. We find that foreign firms from countries with well-developed financial markets or a...

We identify strong cross-border institutions as a driver for the globalization of in-novation. Using 67 million patents from over 100 patent offices, we introduce novel measures of innovation diffusion and collaboration. Exploiting staggered bilateral in-vestment treaties as shocks to...

Transnational regulations, often established by private bodies, play a large and important role in the international political economy. This paper makes two contributions to the literature on transnational regulation. First, governments and international organization often legitimate the...

This paper examines whether the risk-taking behavior of foreign affiliates of multinational banks is more influenced by the national culture of their parent banks' home country or the national culture of foreign affiliates' host country. The study uses a dataset of 292 foreign affiliates (i.e.,...