Foreign Direct Investment and Political Uncertainty

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dc.contributor.advisorDresner, Martin Een_US
dc.contributor.authorElwakil, Omar Sherifen_US
dc.contributor.departmentBusiness and Management: Logistics, Business & Public Policyen_US
dc.contributor.publisherDigital Repository at the University of Marylanden_US
dc.contributor.publisherUniversity of Maryland (College Park, Md.)en_US
dc.date.accessioned2016-06-22T05:34:15Z
dc.date.available2016-06-22T05:34:15Z
dc.date.issued2015en_US
dc.description.abstractRecent developments in the general equilibrium theory of multinationals emphasize the importance of multilateral considerations. Yet, existing explanations and corresponding estimations of FDI patterns have largely limited political and institutional investment impediments to a bilateral framework. Through the application of spatial econometric techniques, I demonstrate that the presence of both domestic and regional political uncertainty generate real options effects that lead to the delay or redirection of foreign direct investment. The magnitude and direction of these effects is conditional upon the host country regime type and the predominant multinational integration strategies in the region. Comparing these results with FDI of U.S. origin, I find evidence for divergent investment behavior by U.S. multinationals during regime changes in partner countries. Additionally, I find no evidence that multinationals from developing countries are more likely to complete cross-border deals in environments characterized by greater political risk or political uncertainty.en_US
dc.identifierhttps://doi.org/10.13016/M23J37
dc.identifier.urihttp://hdl.handle.net/1903/18136
dc.language.isoenen_US
dc.subject.pqcontrolledBusiness administrationen_US
dc.subject.pquncontrolledForeign Direct Investmenten_US
dc.subject.pquncontrolledMultinational Enterpriseen_US
dc.subject.pquncontrolledPolitical Risken_US
dc.subject.pquncontrolledPolitical Transitionen_US
dc.subject.pquncontrolledPolitical Uncertaintyen_US
dc.subject.pquncontrolledReal Optionsen_US
dc.titleForeign Direct Investment and Political Uncertaintyen_US
dc.typeDissertationen_US

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