Risk, Financial Stability and FDI

Neil M Kellard; Alexandros Kontonikas; Michael J Lamla; Stefano Maiani; Geoffrey Wood

Risk, Financial Stability and FDI

Research output: Working paper › Working papers

Standard

Risk, Financial Stability and FDI. / Kellard, Neil M; Kontonikas, Alexandros; Lamla, Michael J et al.

Essex : Essex Business School, University of Essex, 2018. (Essex Finance Centre Working Paper Series; No. 41).

Research output: Working paper › Working papers

Harvard

Kellard, NM, Kontonikas, A, Lamla, MJ , Maiani, S & Wood, G 2018 'Risk, Financial Stability and FDI' Essex Finance Centre Working Paper Series, no. 41, Essex Business School, University of Essex, Essex. <http://repository.essex.ac.uk/23409/>

APA

Kellard, N. M., Kontonikas, A., Lamla, M. J., Maiani, S., & Wood, G. (2018). Risk, Financial Stability and FDI. (Essex Finance Centre Working Paper Series; No. 41). Essex Business School, University of Essex. http://repository.essex.ac.uk/23409/

Vancouver

Kellard NM, Kontonikas A, Lamla MJ , Maiani S, Wood G. Risk, Financial Stability and FDI. Essex: Essex Business School, University of Essex. 2018 Nov 1. (Essex Finance Centre Working Paper Series; 41).

Bibtex

@techreport{e782ae472a1a45caafe97422699127e0,

title = "Risk, Financial Stability and FDI",

abstract = "All Foreign Direct Investment (FDI) involves risk. Supplementing the IB literature, we assess the effects of financial system risk on FDI trends. Specifically, we propose a new theoretical paradigm combining institutional risk aversion and institutional affinity, suggesting MNE-generated FDI will be sensitive to sovereign and bank-related risks. Employing a large panel of bilateral FDI holdings from 112 origin countries in the Eurozone, results show that financial stability in origin and host countries, matters for FDI. Policymakers in countries seeking to attract FDI should be attentive to both domestic conditions and the financing environment that MNEs encounter in their home countries.",

keywords = "Economics, FDI, Multinational enterprises, Financial Stability, Institutional risk Aversion, Euro area, International Regulation",

author = "Kellard, {Neil M} and Alexandros Kontonikas and Lamla, {Michael J} and Stefano Maiani and Geoffrey Wood",

note = "PPN 334911060 (Monografische Reihe)",

year = "2018",

month = nov,

day = "1",

language = "English",

series = "Essex Finance Centre Working Paper Series",

publisher = "Essex Business School, University of Essex",

number = "41",

address = "United Kingdom",

type = "WorkingPaper",

institution = "Essex Business School, University of Essex",

}

RIS

TY - UNPB

T1 - Risk, Financial Stability and FDI

AU - Kellard, Neil M

AU - Kontonikas, Alexandros

AU - Lamla, Michael J

AU - Maiani, Stefano

AU - Wood, Geoffrey

N1 - PPN 334911060 (Monografische Reihe)

PY - 2018/11/1

Y1 - 2018/11/1

N2 - All Foreign Direct Investment (FDI) involves risk. Supplementing the IB literature, we assess the effects of financial system risk on FDI trends. Specifically, we propose a new theoretical paradigm combining institutional risk aversion and institutional affinity, suggesting MNE-generated FDI will be sensitive to sovereign and bank-related risks. Employing a large panel of bilateral FDI holdings from 112 origin countries in the Eurozone, results show that financial stability in origin and host countries, matters for FDI. Policymakers in countries seeking to attract FDI should be attentive to both domestic conditions and the financing environment that MNEs encounter in their home countries.

AB - All Foreign Direct Investment (FDI) involves risk. Supplementing the IB literature, we assess the effects of financial system risk on FDI trends. Specifically, we propose a new theoretical paradigm combining institutional risk aversion and institutional affinity, suggesting MNE-generated FDI will be sensitive to sovereign and bank-related risks. Employing a large panel of bilateral FDI holdings from 112 origin countries in the Eurozone, results show that financial stability in origin and host countries, matters for FDI. Policymakers in countries seeking to attract FDI should be attentive to both domestic conditions and the financing environment that MNEs encounter in their home countries.

KW - Economics

KW - FDI

KW - Multinational enterprises

KW - Financial Stability

KW - Institutional risk Aversion

KW - Euro area

KW - International Regulation

M3 - Working papers

T3 - Essex Finance Centre Working Paper Series

BT - Risk, Financial Stability and FDI

PB - Essex Business School, University of Essex

CY - Essex

ER -