Location Decision of Foreign Direct Investment: The Role of Environmental Policy and Natural Resources
نویسندگان
چکیده
منابع مشابه
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15 صفحه اولLocation of Foreign Direct Investment
for their helpful comments and suggestions. The views and interpretations in this document are of the authors and do not necessarily reflect those of the Inter-American Development Bank.
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In this paper we analyse the impact of policy uncertainty on foreign direct investment strategies. The paper follows the real options approach, which allows to investigate the value to a firm of waiting to invest and/or disinvest, when payoffs are stochastic due to political uncertainty and investments are partially reversible. Across the board we find that political uncertainty can be very det...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.2316150