Investor protection rights and foreign investment

2013 ◽  
Vol 41 (2) ◽  
pp. 506-526 ◽  
Author(s):  
Maela Giofré
Keyword(s):  
Foreign Investment ◽  
Investor Protection

Investor Protection and the Role of Firm-Level Financial Transparency in Attracting Foreign Investment

2015 ◽  
Vol 50 (3) ◽  
pp. 393-434 ◽  
Author(s):  
Bowe Hansen ◽  
Mihail K. Miletkov ◽  
M. Babajide Wintoki
Keyword(s):  
Foreign Investment ◽  
Investor Protection ◽  
Firm Level ◽  
Financial Transparency

Investor Protection and Real Investment by U.S. Multinationals

2006 ◽  
Vol 41 (3) ◽  
pp. 541-572 ◽  
Author(s):  
Eric Kelley ◽  
Tracie Woidtke
Keyword(s):  
Foreign Investment ◽  
Investor Protection ◽  
Agency Problems ◽  
Adverse Outcomes ◽  
Shareholder Protection ◽  
Cross Border ◽  
Debt Capital ◽  
Comparative Advantages ◽  
Potential Impact ◽  
Real Investment

AbstractIn spite of the growing research concerning investor protection, the relation between investor protection and real investment by foreign multinationals is largely unexplored. Recognizing this relation, however, is especially important in light of the surge in cross-border activity in recent decades and the potential impact cross-border investment can have on a country's economic development. We find that U.S. multinational foreign investment is significantly greater both when shareholder protection is poor and when creditor protection is poor. Consistent with existing literature, our results suggest that U.S. firms have greater comparative advantages when local firms in poor investor protection countries either i) invest suboptimally due to agency problems or ii) have constrained access to debt capital. The increased investment by U.S. multinationals in poor investor protection countries is of particular interest, because it suggests an important way in which adverse outcomes related to poor investor protection may be mitigated.

Sign in / Sign up

Export Citation Format

Share Document