Clare, Gregory; Gang, Ira N. - In: Emerging Markets Finance and Trade 46 (2010) 3, pp. 46-58
We examine the effects of exchange rate and political risks on foreign direct investment (FDI) for multinationals. We examine FDI by U. S. firms at two levels: in all industries and on the subset of firms in manufacturing industries. When investing in developed economies, firms appear to...