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 …

estimations of a simultaneous equation model for 50 resource-rich countries in which we endogenize expropriation risk, corruption … resource-rich countries, the decision of host governments to expropriate these investments, and the level of corruption. Higher … resource production makes expropriation more attractive from the perspective of national governments. A low expropriation risk …

Foreign investment is often constrained by two forms of political risk: expropriation and corruption. We examine the … role of government corruption in foreign direct investment (FDI) when contracts are not fully transparent and investors … face the threat of expropriation. Using a novel dataset on worldwide expropriations of FDI over the 1990-2014 period, we …

restate bilateral investment positions to better reflect the true financial linkages connecting countries around the world. We … nearly 600 billion dollars, while China's official net creditor position to the rest of the world is overstated by about 50 …

connecting countries around the world. Portfolio investment from developed countries to firms in large emerging markets is … in Chinese firms by nearly 600 billion dollars, while China’s official net creditor position to the rest of the world is …

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 …