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that there is a cost for expropriation by a host government in the form of lower growth in the sectors of countries that … expropriated in the past. It is possible to lose a bad reputation by a host government's actions after expropriation. …
Persistent link: https://www.econbiz.de/10010914849
through the rules governing on the one hand admission of foreign investment and on the other hand expropriation. Then the … investment against indirect expropriation. What emerges is a nuanced result : Food Security Policies should not ignore the rules …
Persistent link: https://www.econbiz.de/10011020246
We propose a new channel through which expropriation risk reduces capital allocation efficiency and decreases firm … growth. We build an agency model of corporate disclosure when companies face risks of expropriation. The model predicts that … in countries with insecure property rights, corporations mitigate the risk of expropriation by reducing transparency. We …
Persistent link: https://www.econbiz.de/10011273272
This Selected Issues paper for Kenya, Uganda, and United Republic of Tanzania highlights their private sector credit markets, identifies their main obstacles in promoting credit to the private sector, and suggests a reform strategy. If the East African Community (EAC) countries decide to pursue...
Persistent link: https://www.econbiz.de/10011245798
This paper reviews the experiences of a few countries in Sub-Saharan Africa that have succeeded in attracting fairly large amounts of foreign investment. The review indicates that sustained efforts to promote political and macroeconomic stability and implement essential structural reforms have...
Persistent link: https://www.econbiz.de/10005248318
This report discusses major developments in the Lao People’s Democratic Republic (PDR), and updates the statistical tables on recent economic developments and provides an overview of the real sector. Factors that have limited revenue collections and developments in the monetary and...
Persistent link: https://www.econbiz.de/10005252622
Persistent link: https://www.econbiz.de/10005076897
mitigate the risk of expropriation by reducing corporate transparency. Lower transparency, in turn, leads to inefficient … that the negative effect of expropriation risk on corporate transparency is stronger for industries that are especially … vulnerable to expropriation, in particular, for industries whose profits are highly correlated with oil prices. Controlling for …
Persistent link: https://www.econbiz.de/10005086547
The paper models the boundaries of the multinational firm by looking at a simple trade-off between FDI (internal expansion with strong control rights) and debt (arm’s length expansion with loose control rights) in the context of contractual incompleteness due to institutional constraints in...
Persistent link: https://www.econbiz.de/10005086766
are undertaken and the structural features of the economy such as factor intensity. We characterize expropriation … more prone to expropriate. This result provides one possible rationalization for the wave of expropriation equilibria and …
Persistent link: https://www.econbiz.de/10005357542