A Novel Measure of Political Risk and Foreign Direct Investment Inflows
نویسندگان
چکیده
This paper proposes a novel measure of political risk that confirms some the findings documented in Foreign Direct Investments (FDI) literature. Particularly, we confirm positive relationship between stability and its components on FDI inflows, moderating effect natural resources this relationship. The proposed contains relevant, unique incremental information not observed For example, although is highly correlated with rating International Country Risk Guide (ICRG), it explains inflows beyond what explained by ICRG rating. A link to database for our 150 countries covering 2000 2015 has been provided.
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ژورنال
عنوان ژورنال: Journal of risk and financial management
سال: 2021
ISSN: ['1911-8074', '1911-8066']
DOI: https://doi.org/10.3390/jrfm14100482