Old problems remain, new ones crop up: Political risk in the 21st century

Business Horizons

Volumn 53, Issue 5, 2010, Pages 481-490

  Jakobsen, Jo ^a  

^a NORWEGIAN UNIVERSITY OF SCIENCE AND TECHNOLOGY   (Norway)

Author keywords

Aluminum industry; Foreign direct investment; Multinational companies; Political risk; Risk assessment

Indexed keywords

EID: 77955518752     PISSN: 00076813     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.bushor.2010.04.003     Document Type: Article

References (57)

1. Ahlquist J.S. Economic policy, institutions, and capital flows: Portfolio and direct investment flows in developing countries. International Studies Quarterly 2006, 50(3):681-704.
2. BBC News. (2007a, June 3). Six Russians kidnapped in Nigeria. Retrieved December 13, 2008, from . http://news.bbc.co.uk/2/hi/africa/6716821.stm.
3. BBC News. (2007b, August 7). Russian hostages freed in Nigeria. Retrieved December 13, 2008, from . http://news.bbc.co.uk/2/hi/africa/6936088.stm.
4. BBC News. (2008, December 27). Guinean junta warns mining sector. Retrieved December 28, 2008, from . http://news.bbc.co.uk/2/hi/africa/7800819.stm.
5. Bouchet M.H., Clark E., Groslambert B. Country risk assessment: A guide to global investment strategy 2003, Wiley, Chichester, UK.
6. Bray J. Attracting reputable companies to risky environments: Petroleum and mining companies. Natural resources and violent conflict: Options and actions 2003, 287-352. World Bank, Washington, DC. I. Bannon, P. Collier (Eds.).
7. Brewer T.L. 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 1983, 14(3):147-157.
8. Butler K.C., Joaquin D.C. A note on political risk and the required return on foreign direct investment. Journal of International Business Studies 1998, 29(3):599-607.
9. Campbell B., Clapp J. Guinea's economic performance under structural adjustment: Importance of mining and agriculture. Journal of Modern African Studies 1995, 33(3):425-449.
10. Chermak J.M. Political risk analysis: Past and present. Resources Policy 1992, 18(3):167-178.
11. Comeaux P.E., Kinsella N.S. Protecting foreign investment under international law: Legal aspects of political risk 1997, Oceana Publications, Dobbs Ferry, NY.
12. Doh J.P., Teegen H. Nongovernmental organizations as institutional actors in international business: Theory and implications. International Business Review 2002, 11(6):665-684.
13. Dominican Today. (2008, October 28). Dominican Government seized our bauxite, mining company says. Retrieved January 2, 2009, from . http://www.dominicantoday.com/dr/local/2008/10/28/29884/Dominican-Government-seized-our-bauxite-mining-company-says.
14. Dunning J.H. Transnational corporations: An overview of relations with national governments. New Political Economy 1998, 3(2):280-284.
15. Ewing, R. (2007, September 14). Amazon bauxite mine faces green charge. Reuters. Retrieved December 19, 2008, from . http://www.reuters.com/article/environmentNews/idUSN1420800920070916.
16. Fitzpatrick M. The definition and assessment of political risk in international business: A review of the literature. Academy of Management Review 1983, 8(2):249-254.
17. Graham R. The aluminium industry and the Third World: Multinational corporations and underdevelopment 1982, Zed Press, London, UK.
18. Hawkins R.G., Mintz N., Provissiero M. Government takeovers of U.S. foreign affiliates. Journal of International Business Studies 1976, 7(1):3-16.
19. Henisz W.J. The institutional environment for economic growth. Economics and Politics 2000, 12(1):1-31.
20. Henisz W.J., Williamson O.E. Comparative economic organization-Within and between countries. Business and Politics 1999, 1(3):261-277.
21. Henisz W.J., Zelner B.A. Political risk management: A strategic perspective. International political risk management: The brave new world 2004, 154-170. World Bank, Washington, DC. T.H. Moran (Ed.).
22. Henisz W.J., Zelner B.A. Legitimacy, interest group pressures, and change in emergent institutions: The case of foreign investors and host country governments. Academy of Management Review 2005, 30(2):361-382.
23. Hirsch, T. (2005a, January 5). Push to block Brazil dam project. BBC News. Retrieved December 21, 2008, from . http://news.bbc.co.uk/2/hi/science/nature/4146325.stm.
24. Hirsch, T. (2005b, January 12). Controversial dam clears hurdle. BBC News. Retrieved December 21, 2008, from . http://news.bbc.co.uk/2/hi/science/nature/4167393.stm.
25. Holloway S.K. The aluminium multinationals and the bauxite cartel 1988, St. Martin's Press, New York.
26. Holtbrügge D., Berg N. How multinational corporations deal with their socio-political stakeholders: An empirical study in Asia, Europe, and the U.S. Asian Business & Management 2004, 3(3):299-313.
27. Howell L.D. The handbook of country and political risk analysis 1998, PRS Group, New York.
28. Howell L.D., Chaddick B. Models of political risk for foreign investment and trade: An assessment of three approaches. Columbia Journal of World Business 1994, 29(3):70-91.
29. Jakobsen J. Does democracy moderate the obsolescing bargain mechanism? An empirical analysis, 1983-2001. Transnational Corporations 2006, 15(3):65-104.
30. Jensen N.M. Democratic governance and multinational corporations: Political regimes and inflows of foreign direct investment. International Organization 2003, 57(3):587-616.
31. Jensen N.M. Crisis, conditions, and capital: The effect of international monetary fund agreements on foreign direct investment inflows. Journal of Conflict Resolution 2004, 48(2):194-210.
32. Jensen N.M. Nation-states and the multinational corporation 2006, Princeton University Press, Princeton, NJ.
33. Jodice D.A. Sources of change in Third World regimes for foreign direct investment, 1968-1976. International Organization 1980, 34(2):177-206.
34. Kennedy C.R. Multinational corporations and expropriation risk. Multinational Business Review 1993, 1(1):44-55.
35. Khalip, A. (2007, December 19). Alcoa, state agree on Brazil mine compensation fee. Reuters. Retrieved December 19, 2008, from . http://uk.reuters.com/article/UK_SMALLCAPSRPT/idUKN1962073120071219.
36. Kobrin S.J. Political risk: A review and reconsideration. Journal of International Business Studies 1979, 10(1):67-80.
37. Kobrin S.J. Foreign enterprise and forced divestment in LDCs. International Organization 1980, 34(1):65-88.
38. Kobrin S.J. The determinants of liberalization of FDI policy in developing countries: A cross-sectional analysis, 1992-2001. Transnational Corporations 2005, 14(1):67-104.
39. Minor M.S. The demise of expropriation as an instrument of LDC policy, 1980-1992. Journal of International Business Studies 1994, 25(1):177-188.
40. Moran T.H. Multinational corporations and the politics of dependence: Copper in Chile 1974, Princeton University Press, Princeton, NJ.
41. Moran T.H. Foreign direct investment and development: The new policy agenda for developing countries and economies in transition 1998, Institute for International Economics, Washington, DC.
42. Muradova, M., & Abbasov, R. (2006, March 2). Contract dispute disturbs Azerbaijan's business climate. Eurasianet. Retrieved December 16, 2008, from . http://www.eurasianet.org/departments/business/articles/eav030206.shtml.
43. North D.C. Institutions, institutional change, and economic performance 1990, Cambridge University Press, Cambridge, UK.
44. Norton, K. (2007, February 15). Guinea bauxite mining halt may hit aluminium soon. Reuters. Retrieved December 13, 2008, from . http://www.reuters.com/article/basicindustries-SP-A/idUSL3176364020070215.
45. Oetzel J.M., Bettis R.A., Zenner M. Country risk measures: How risky are they?. Journal of World Business 2001, 36(2):128-145.
46. O'Sullivan R.C. Learning from OPIC's experience with claims and arbitration. International political risk management: Looking to the future 2005, 30-74. World Bank, Washington, DC. T.H. Moran, G.T. West (Eds.).
47. Ramamurti R. The obsolescing 'bargaining model'? MNC-host developing country relations revisited. Journal of International Business Studies 2001, 32(1):23-39.
48. Samb, S. (2007, April 15). Guinea withdraws oil, bauxite deals for review. Reuters. Retrieved December 13, 2008, from . http://www.reuters.com/article/companyNewsAndPR/idUSN1521521620070415.
49. Samb, S. (2008, November 5). Guinea fuel protests halt alumina export trains. Reuters. Retrieved January 4, 2009, from . http://www.reuters.com/article/latestCrisis/idUSL5445749.
50. Simon J.D. Political risk assessment: Past trends and future prospects. Columbia Journal of World Business 1982, 17(3):62-70.
51. Spar D. Foreign investment and human rights. Challenge 1999, 42(1):55-80.
52. Vernon R. Sovereignty at bay: The multinational spread of U.S. enterprises 1971, Basic Books, New York.
53. Vernon R. Two hungry giants: The United States and Japan in the quest for oil and ores 1983, Harvard University Press, Cambridge, MA.
54. Wells L.T. God and fair competition: Does the foreign direct investor face still other risks in emerging markets?. Managing international political risk 1998, 15-43. Blackwell, Malden, MA. T.H. Moran (Ed.).
55. Williams M.L. The extent and significance of the nationalization of foreign owned assets in developing countries, 1956-1972. Oxford Economic Papers 1975, 27(2):260-273.
56. Williamson O.E. The new institutional economics: Taking stock, looking ahead. Journal of Economic Literature 2000, 38(3):595-613.
57. st century 2005, 315-338. Cambridge University Press, Cambridge, UK. R. Grosse (Ed.).