This paper applies property rights theory to explain changes in foreign affiliates' ownership. Post-entry ownership change is driven by both firm-level characteristics and by the differences in the institutional environments in host countries. We distinguish between financial market development...

This paper explores the likely impact on inward FDI in the UK of the prospects of the UK leaving the EU. We determine that a decisive factor is the uncertainty that is created by the prospect of BrExit, and our analysis shows that indeed it amplifies the effect of any shock. We are able to...

This paper examines the link between cluster development and inward foreign direct investment. The conventional policy approach has been to assume that inward foreign direct investment (FDI) can stimulate significant clustering activity, thus generating significant spillovers. This paper,...