This paper uses the enactment of China’s 2007 Property Law (the Law), which reduces the risk of expropriation by local … document evidence consistent with a decrease in firms’ perceived expropriation risk as the main mechanism underlying the Law …

We study the incentives to expropriate foreign capital under democracy and oligarchy. We model a two-sector small open … investments are undertaken and the structural features of the economy such as factor intensity. We characterize expropriation …

Foreign investment is often constrained by two forms of political risk: expropriation and corruption. We examine the … face the threat of expropriation. Using a novel dataset on worldwide expropriations of FDI over the 1990-2014 period, we … find a positive relationship between the extent of foreign investor protections and the likelihood of expropriation when a …