Search results for "Political Risk"
showing 4 items of 14 documents
An overestimated relationship? Violent political unrest and tourism foreign direct investment in the Middle East
2010
Although the tourism industry is increasingly globalising, empirical research on the accompanying foreign direct investment (FDI) is surprisingly lacking. Furthermore, the nexus of political risk, violent political unrest and tourism FDI has been relatively neglected. Using Egypt as a heuristic case study and adopting a qualitative methodology, this paper explores the question of how political risk and violent political unrest influence tourism FDI. Surprisingly, the results are not able to corroborate a clear relationship between the two. In contrast, these results indicate that the role of stability and security for tourism FDI in developing countries has largely been overestimated in the…
The Institutionalization of Political Risk Assessment by Chinese Multinational Firms
2021
Some researchers have claimed that Chinese firms are impervious to political risk, calling into question the institutionalization of political risk by Chinese firms. Building on resource dependence theory and the literature on non-market strategies, this study finds significant impact by ownership structure, firm scale, and the degree of internationalization on the institutionalization of political risk assessments (IPRA) by Chinese firms. As such, state-owned firms and larger firms cultivate a higher level of IPRA. We find a positive impact of a firm’s scale and scope of internationalization, but insignificant impact of depth of internationalization.
Political risk and export promotion: evidence from Germany
2008
Political risk represents an important hidden transaction cost that reduces international trade. This paper investigates the claim that German public export credit guarantees (Hermes guarantees) mitigate this friction to trade flows and hence promote exports. We employ an empirical trade gravity model, where we explicitly control for political risk in the importing country in order to evaluate the effect of export guarantees. The idea behind export promotion through public export credit agencies (ECAs) is that the private market is unable to provide adequate insurance for all risks associated with exports. As a consequence, firms' export activities are limited in the absence of insurance pr…
Défis à relever pour la politique budgétaire en Amérique latine en matière de stabilisation et de redistribution
2016
Cet article se propose d'étudier les réponses offertes par la politique fiscale en Amérique latine dans la situation actuelle " d'atterrissage en douceur ". En fait, il apparaît que la région est exposée à un risque de choc externe de pays développés et la Chine à un risque politique. Dans ces conditions, la politique fiscale a un rôle important à jouer pour gérer ces risques en se centrant sur ses fonctions de stabilisation et de distribution. En outre, nous proposons un système de plusieurs mesures pour chaque fonction. Enfin, nous démontrons que les pays latino-américains ne souffrent pas de contrainte du financement pour appliquer nos recommandations.