Purpose: In this paper the authors examine evidence on exchange rate predictability through commodity prices for a set of countries categorized as commodity import- and export-dependent developed and emerging countries. Design/methodology/approach: The authors perform in-sample and...

Purpose: This paper aims to investigate the extent to which locating primary industry subsidiaries in politically unstable countries impacts their survival. The authors argue that foreign multinational enterprises in less stable political environments can shape policies that are impactful on...

Purpose: This paper aims to investigate the multi-faceted impact of host country risks on the success of private participation in infrastructure projects. The authors make a distinction between exogenous and endogenous risks, differentiating those that are completely beyond the control of the...

Political risk not only constitutes a threat for multinational enterprises but can also be a source of opportunities. Exposure to and accumulated experience dealing with political risk allows firms to better implement a wide set of political actions such as negotiation of entry conditions,...

The accession of new countries from Eastern Europe to the European Union represents one of the most significant challenges currently facing this political institution. With respect to foreign direct investment (FDI), this enlargement should promote and attract investment and lead to greater...

This study examines the effect of institutions on the strategy of international diversification and on the relationships between political risk and the scope of internationalisation. Drawing on the Uppsala model but also on diversification and portfolio theory, I examine the behaviour of Spanish...

This study analyzes foreign direct investment flows from southern European countries to one of two nearby developing regions: north African countries and new European Union member states in central and eastern Europe. As expected, good economic perspectives, human capital, and development of...