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Foreign investment is often constrained by two forms of political risk: expropriation and corruption. We examine the … find a positive relationship between the extent of foreign investor protections and the likelihood of expropriation when a … role of government corruption in foreign direct investment (FDI) when contracts are not fully transparent and investors …
Persistent link: https://www.econbiz.de/10011446183
This paper examines two major risks to foreign investors: default on sovereign debt and expropriation of foreign direct … of punishments for default and expropriation. We then document patterns of sovereign theft and foreign investment across …
Persistent link: https://www.econbiz.de/10013160487
This paper analyzes the effects of foreign direct investment on the economic growth of developing countries. The study … period 1980-2007. We explore the hypothesis that foreign direct investment can promote growth in developing countries. We … test this hypothesis using panel data series for foreign direct investment, while accounting for regional differences in …
Persistent link: https://www.econbiz.de/10013123117
This paper explores the existence of partisan cycles in foreign direct investment performance. Our theoretical model … predicts that the incumbent government's partisanship should affect foreign investors' decision to flow into different sectors … sample of OECD countries reveals a pattern of foreign investors' response to partisan cycles consistent with the predictions …
Persistent link: https://www.econbiz.de/10014218407
We develop a formal model that looks at the mutually endogenous determination of foreign direct investments in natural … resource production makes expropriation more attractive from the perspective of national governments. A low expropriation risk … estimations of a simultaneous equation model for 50 resource-rich countries in which we endogenize expropriation risk, corruption …
Persistent link: https://www.econbiz.de/10010370904
indirect expropriation or not, have been able to develop and apply the police power doctrine in a uniform manner? This inquiry … cases where the doctrine of police power was referred by the parties or used for disputes, related to indirect expropriation …
Persistent link: https://www.econbiz.de/10012970089
multinational firms based on the extent to which they face expropriation hazards from their potential joint-venture partners in the … threat of opportunistic expropriation by the government. Partnering with host-country firms that possess a comparative …
Persistent link: https://www.econbiz.de/10014038022
This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models …-ecological potential as a pull factor. In contrast to the literature on foreign investment in general, the quality of the business climate … investors. Implications for policy are discussed. -- land acquisition ; large-scale agriculture ; foreign investments agro …
Persistent link: https://www.econbiz.de/10009387247
Foreign institutional investors have become significant players in the increasingly global financial markets. I examine … determinants of their investment, both in the domestic and foreign markets, and their importance in promoting good corporate … effect of foreign investment activity is limited. Institutional investors' systematic preference for stocks of large, well …
Persistent link: https://www.econbiz.de/10013115000
This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models …-ecological potential as a pull factor. In contrast to the literature on foreign investment in general, the quality of the business climate …
Persistent link: https://www.econbiz.de/10013092012