دانلود کتاب سرمایه‌گذاری مستقیم خارجی و فساد: رفتار شرکت‌های چندملیتی در محیط‌های آلوده به فساد

Multinational enterprises generate roughly one-third of global economic activity and their cross-border investments in subsidiary production platforms have multiplied many times over recent decades. Corruption is an obstacle to enterprises’ production activities in many countries where they operate. Despite this, little is known about the multinational enterprise’s investment behaviour in corrupt environments. We provide theory and evidence on market corruption mechanisms that impact the enterprise’s foreign direct investment engagement. Our inte- grated approach goes beyond prior contributions in the field to lay bare core corruption mechanisms and unveil base components that explain investment adaptation. Theory is put to rich data on Swedish enter- prises’ foreign direct investment engagements over an 18-year period (1997–2015), which enables an identification of systematic investment/ disinvestment effects of corruption.