Herding in foreign direct investment
Levis, M., Muradoglu, Y.G. and Vasileva, K. 2023. Herding in foreign direct investment. International Review of Financial Analysis. 86 (March 2023) 102503. https://doi.org/10.1016/j.irfa.2023.102503
| Title | Herding in foreign direct investment |
|---|---|
| Type | Journal article |
| Authors | Levis, M., Muradoglu, Y.G. and Vasileva, K. |
| Abstract | This paper, to our knowledge, is the first to examine herding in foreign direct investment (FDI). We investigate it from two perspectives, first the number of countries investing in the host country and then the dollar volumes of those investments. Our results provide strong evidence of herding in FDI. We also show herding in the divestures of these investors. We show that herding in FDI is related to host country characteristics and governance parameters. |
| Keywords | Foreign direct investment |
| Herding | |
| Panel data | |
| Article number | 102503 |
| Journal | International Review of Financial Analysis |
| Journal citation | 86 (March 2023) |
| ISSN | 1873-8079 |
| 1057-5219 | |
| Year | 2023 |
| Publisher | Elsevier |
| Publisher's version | License CC BY 4.0 File Access Level Open (open metadata and files) |
| Digital Object Identifier (DOI) | https://doi.org/10.1016/j.irfa.2023.102503 |
| Web address (URL) | https://www.sciencedirect.com/science/article/pii/S1057521923000194 |
| Publication dates | |
| Published online | 24 Jan 2023 |
| Published in print | Mar 2023 |