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The Instability of Governments and the Instability of Controls on Funds Transfers by Multinational Enterprises: Implications for Political Risk Analysis

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  • Thomas L Brewer

    (University of Michigan)

Abstract

This article represents a departure from previous empirical political risk studies: it explicitly focuses on the association between specific governmental policy changes and other forms and political instability. A cross-national study of 115 countries finds positive but weak relationships between policy instability and other indicators of political instability. The findings indicate the need to reconsider common assumptions about political risks.© 1983 JIBS. Journal of International Business Studies (1983) 14, 147–157

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  • Thomas L Brewer, 1983. "The Instability of Governments and the Instability of Controls on Funds Transfers by Multinational Enterprises: Implications for Political Risk Analysis," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 14(3), pages 147-157, September.
    • Handle: RePEc:pal:jintbs:v:14:y:1983:i:3:p:147-157
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    Citations

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    Cited by:

    1. Geert Bekaert & Campbell R Harvey & Christian T Lundblad & Stephan Siegel, 2014. "Political risk spreads," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 45(4), pages 471-493, May.
    2. Steven Globerman & Daniel Shapiro, 2003. "Governance infrastructure and US foreign direct investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 34(1), pages 19-39, January.
    3. Arkangel M Cordero & Stewart R Miller, 2019. "Political party tenure and MNE location choices," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(6), pages 973-997, August.
    4. Kotler, Philip & Manrai, Lalita A. & Lascu, Dana-Nicoleta & Manrai, Ajay K., 2019. "Influence of country and company characteristics on international business decisions: A review, conceptual model, and propositions," International Business Review, Elsevier, vol. 28(3), pages 482-498.
    5. Mehmet Demirbag & Martina McGuinness & Hüseyin Altay, 2010. "Perceptions of Institutional Environment and Entry Mode," Management International Review, Springer, vol. 50(2), pages 207-240, April.
    6. Murod Aliyev & Timothy Devinney & Andrew Ferguson & Peter Lam, 2024. "Political discretion and risk: the Fukushima nuclear disaster, the distribution of global operations, and uranium company valuation," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 33(3), pages 738-761.
    7. Bekaert, Geert & Harvey, Campbell R. & Lundblad, Christian T. & Siegel, Stephan, 2016. "Political risk and international valuation," Journal of Corporate Finance, Elsevier, vol. 37(C), pages 1-23.
    8. Smimou, K., 2014. "International portfolio choice and political instability risk: A multi-objective approach," European Journal of Operational Research, Elsevier, vol. 234(2), pages 546-560.
    9. David Detomasi, 2008. "The Political Roots of Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 82(4), pages 807-819, November.
    10. Carsten Hansen & Carlos Mena & Heather Skipworth, 2017. "Exploring political risk in offshoring engagements," International Journal of Production Research, Taylor & Francis Journals, vol. 55(7), pages 2051-2067, April.
    11. Jakobsen, Jo, 2010. "Old problems remain, new ones crop up: Political risk in the 21st century," Business Horizons, Elsevier, vol. 53(5), pages 481-490, September.
    12. Fang-Yi Lo & Yu-Ching Chiao & Chwo-Ming Joseph Yu, 2016. "Network and Institutional Effects on SMEs’ Entry Strategies," Management International Review, Springer, vol. 56(4), pages 531-563, August.
    13. Erasmo Giambona & John R Graham & Campbell R Harvey, 2017. "The management of political risk," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(4), pages 523-533, May.
    14. Barbopoulos, Leonidas & Marshall, Andrew & MacInnes, Cameron & McColgan, Patrick, 2014. "Foreign direct investment in emerging markets and acquirers’ value gains," International Business Review, Elsevier, vol. 23(3), pages 604-619.

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