The impact of political risk on the foreign direct investment decision: A capital budgeting analysis

Engineering Economist

Volumn 45, Issue 2, 2000, Pages 129-143

  Feils, Dorothee J ^a   Şabac, Florin M ^b  

^a UNIVERSITY OF REGINA   (Canada)

^b UNIVERSITY OF BRITISH COLUMBIA   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

BLACK SEA; CAPITAL BUDGETING; FOREIGN DIRECT INVESTMENTS; OPERATING CASH; POLITICAL RISKS;

BUDGET CONTROL; OPERATING COSTS; RISK ASSESSMENT; SOCIAL SCIENCES;

INVESTMENTS;

EID: 53849097825     PISSN: 0013791X     EISSN: 15472701     Source Type: Journal    
DOI: 10.1080/00137910008967541     Document Type: Article

References (21)

1. AGGARWAL. RAJ and L. A. SOENEN. "Project Exit Value as a Measure of Flexibility and Risk Exposure." Engineering Economist Vol.35, No.l. 1989, pp. 39-54.
2. BOND, ERIC W. and L. SAMUELSON. "Bargaining with Commitment, Choice of Techniques, and Direct Foreign Investment." Journal of international Economics Vol. 26, No. 1/2 1989, pp. 77-97.
3. BROLL, UDO. "Foreign Investment, Poiiticai Risk and Insurance." Jahrbücher für Mational-okonomik und Statistik Vol. 211, No. 3/4 ,1993, pp. 324-330.
4. CAETANO, CLAUDIA. "Friedland's Siberian Adventure: Russia Was So Full of Promise and Petroleum. Black Sea Energy Expected to End Up in the Money and Not in the Courts." Financial Post91, September 5. 1998. pp. 6-7.
5. COLE. HAROLD L. and W. B. ENGLISH. "Expropriation and Direct Investment." Journal of International Economics 30, no. 3/4, May 1991, pp. 201-227
6. COUNTRY COMMERCIAL GUIDES FY J999: Russia. http://www.state.gov/www/ about-state/business/com-guides/I999/europe/russia99-01.html. (1999).
7. EATON, JONATHAN and M. GERSOVITZ. "A Theory of Expropriation and Deviations From Perfect Capital Mobility." Economic Journal 94, March 1984, pp. 16-40.
8. ElTEMAN, DAVID K., A. I. STONEHILL, and, M H. MOFFETT. Multinational Business Finance. 6th edition, Reading, MA: Addison-Wesley. 1992.
9. ENERGY ALERT "Black Sea Sues Former Russian Partner." Vol 34. No. 113.
10. FATEHI-SEDEH KAMAL and M. Hosein SAFIZADEH. "The Association Between Political Instability and Flow of Foreign Direct Investment." Management International Review. Vol. 29, No. 4, 1989. pp. 4-13.
11. ITAGAKI. TAKAO. "A Two-Step Decision Model of the Multinational Enterprise Under Foreign Demand Uncertainty." Journal of International Economics 30, 1991, pp. 185-190
12. KOBRIN, STEPHEN J. Managing Political Risk Assessment. Berkeley, CA: University of California Press, 1982
13. KOBRIN. STEPHEN J. "Expropriation as an Attempt to Control Foreign Firms in LDCs: Trends from 1960 to 1979." International Studies Quarterly, September 1984, pp. 329-248
14. MAHAJAN. ARVIND. "Pricing Expropriation Risk." Financial Management Vol. 19, No. 4, Winter 1990, pp. 77-86.
15. NEWMAN, PETER C. "Economic Terrorism in A Moscow Hotel." Maclean's 110, October 27, 1997, pp. 48.
16. RAFF, HORST. "A model of Expropriation with Asymmetric Information." Journal of International Economics, Vol. 33, No.. 3/4, November 1992, pp. 245-265.
17. RAO, SUJATA. "Joint Venture With Canada Sours." Moscow Times, February 4, 1999.
18. SHAPIRO, ALAN C. "Capital Budgeting for the Multinational Corporation." Financial Management. Spring 1978, pp. 7-16.
19. WEST, G.T. "The Utility of Public Risk Insurance as a Risk Transfer Mechanism." In F. Ghadar. S.J. Kobrin. and T.H. Moran (eds.). Managing International Political Risk: Strategies and Techniques, Washington D.C., Georgetown University, 1983.
20. WEIR, FRED. "TWO Canadian Companies Fighting Russian Partners." Canadian Press Newswire. October 28, 1998.
21. WILLIAMS, M.L. "The Extent and Significance of the Nationalization of Foreign-Owned Assets in Developing Countries, 1956-1972." Oxford Economic Papers 27 1975, pp. 260-273.