Originality/value – The paper has proven to be of interest to the US State Department for studying the effectiveness of the international foreign bribery laws, such as the Foreign Corrupt Practices Act. The framework can assist in identifying economic sectors likely to be resistant to comply with the foreign bribery laws when conditions of weak host-country formal institutions are present. The study challenges and complements the prevailing theory that host-country corruption has a negative effect on inward FDI.
Kouneva-Loewenthal, N. and Vojvodic, G. (2012), "Corruption and its Effect on Foreign Direct Investment in the Energy Sector of Emerging and Developing Economies", Van Tulder, R., Verbeke, A. and Voinea, L. (Ed.) New Policy Challenges for European Multinationals (Progress in International Business Research, Vol. 7), Emerald Group Publishing Limited, Bingley, pp. 339-363. https://doi.org/10.1108/S1745-8862(2012)0000007017Download as .RIS
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