Bialek, Sylwia; Weichenrieder, Alfons J. - In: Environmental and Resource Economics 80 (2021) 3, pp. 603-636
Strict environmental regulation may deter foreign direct investment (FDI). The paper develops the hypothesis that regulation predominantly discourages FDI that is conducted as Greenfield investment rather than mergers and acquisitions (M&A). The hypothesis is tested with German firm-level FDI...