Using a novel Hungarian dataset on firms and their Chief Executive Officers (CEOs), we estimate the impact of hiring expatriate CEOs. By examining foreign acquisitions where the new owner replaces the incumbent CEO with an expatriate or a local CEO, we address the selection into both acquisition...

China and India's spectacular economic rise over the last two decades has accelerated their trade and investment flows with the Middle East and North Africa (MENA), particularly with the oil-producing countries. And while these flows are still small, China and India's presence in the region is...

This paper aims to examine the role of economic diplomacy in attracting foreign capital to emerging countries, by developing a composite index measuring diplomatic activity. We focus on what extent does economic diplomacy influence the inflow of foreign capital to emerging countries. Then, we...