The Attraction of FDI to Conflicted States: The Counter-Intuitive Case of US Oil and Gas
Abstract
States burdened with conflict have been considered to be undesirable destinations for foreign direct investment (FDI) due to, inter alia, political instability, regulatory unpredictability, and expropriation risk. However, we develop an alternative view based on corporate governance and real option theories. We analyze a dataset of FDI location decisions made in the Oil and Gas sector by 250 US firms across 44 countries between 2007 and 2013....
Paper Details
Title
The Attraction of FDI to Conflicted States: The Counter-Intuitive Case of US Oil and Gas
Published Date
Jan 24, 2019
Volume
59
Issue
2
Pages
229 - 251
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