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• W2334862275 endingPage "121" @default.
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• W2334862275 abstract "This article argues that the political risk associated with foreign direct investment (FDI) is primarily a function of investment in fixed-capital, and not a homogeneous feature of FDI. As such, empirical tests of a political institution's ability to mitigate political risk should focus directly on investments in fixed capital and not on more highly aggregated measures of multinational corporation (MNC) activity, such as FDI flow and stock data that are affected by the accumulation of liquid assets in foreign affiliates. We apply this to the study of bilateral investment treaties (BITs). We find that BITs with the United States correlate positively with investments in fixed capital and have little, if any, correlation with other measures of MNC activity." @default.
• W2334862275 created "2016-06-24" @default.
• W2334862275 creator A5004014276 @default.
• W2334862275 creator A5064150106 @default.
• W2334862275 date "2012-11-28" @default.
• W2334862275 modified "2023-09-30" @default.
• W2334862275 title "What's the Risk? Bilateral Investment Treaties, Political Risk and Fixed Capital Accumulation" @default.
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• W2334862275 doi "https://doi.org/10.1017/s0007123412000725" @default.
• W2334862275 hasPublicationYear "2012" @default.
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