Journal ArticleDOI
Explaining the National Propensity to Expropriate: An Ecological Approach
TLDR
The authors used a discriminant analysis to test the hypothesis that the presence of such instability combined with a high level of foreign (American) investments will result in a high propensity to expropriate.Abstract:
Theories from several disciplines are integrated into a general model for the prediction of a national propensity to expropriate foreign private direct investments in less-developed host countries. A discriminant analysis is used to test the hypothesis that the presence of such instability combined with a high level of foreign (American) investments will result in a high propensity to expropriate. The model is tested empirically on Latin American data from the 1968–71 period, and the main hypothesis confirmed.read more
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Journal ArticleDOI
A Framework for Integrated Risk Management in International Business
TL;DR: In this paper, a framework for categorizing the uncertainties faced by firms operating internationally and outlining both financial and strategic corporate risk management responses is proposed, which is based on the analysis of risk in the international management literature to the exclusion of other interrelated uncertainties.
Journal ArticleDOI
Democracy, Autocracy, and Expropriation of Foreign Direct Investment
TL;DR: In this article, an analysis of actual expropriation acts in 63 developing countries from 1960 to 1990 shows that democracies are most likely to expropriate foreign investment when leaders face little political constraint and when they reside in countries with frequent leadership turnover.
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ICRAM-1: Model for International Construction Risk Assessment
Makarand Hastak,Aury Shaked +1 more
TL;DR: The International Construction Risk Assessment Model (ICRAM-1) as mentioned in this paper is a risk assessment model for international construction projects that assists the user in evaluating the potential risk involved in expanding operations in an international market by analyzing risk at the macro, market, and project levels.
Journal ArticleDOI
The Definition and Assessment of Political Risk in International Business: A Review of the Literature
TL;DR: In this paper, previous work is drawn together as a first step in establishing a conceptual framework for the definition and assessment of political risk, and a body of knowledge concerned with political risk has been uncoordinated due to the absence of a consensus regarding the conceptual framework on which to develop.
Journal ArticleDOI
Political risk spreads
Geert Bekaert,Geert Bekaert,Campbell R. Harvey,Campbell R. Harvey,Christian T. Lundblad,Stephan Siegel +5 more
TL;DR: In this paper, the authors introduce a new, market-based and forward-looking measure of political risk derived from the yield spread between a country's US dollar debt and an equivalent US Treasury bond.