- AutorIn
- Prof. Dr. Stefan Eichler TU Dresden
- Jannik A. Nauerthifo Dresden
- Titel
- Bilateral investment treaties and portfolio investment
- Zitierfähige Url:
- https://nbn-resolving.org/urn:nbn:de:bsz:14-qucosa2-891689
- Schriftenreihe
- CEPIE Working Paper
- Bandnummer
- 01/24
- Erstveröffentlichung
- 2024
- ISSN
- 2510-1196
- Abstract (EN)
- We analyze the effect of bilateral investment treaties (BITs) on bilateral foreign portfolio investment in equity and debt securities. We find that expropriation risk and the level of a BIT’s investor protection are complementary. Applying a Poisson Pseudo-Maximum-Likelihood model to a panel of 60 home and 39 host countries from 2002 to 2017, we find that host countries receive 40% more bilateral equity investment when they protect foreign investors with a BIT. This effect almost doubles when investment protection of BITs is strong, and the political risk of the host country is high.
- Freie Schlagwörter (EN)
- Bilateral investment treaties, Bilateral portfolio investment, Political risk, Investor protection, Emerging markets
- Klassifikation (DDC)
- 330
- Klassifikation (RVK)
- QC 000
- Herausgeber (Institution)
- Technische Universität Dresden
- URN Qucosa
- urn:nbn:de:bsz:14-qucosa2-891689
- Veröffentlichungsdatum Qucosa
- 22.01.2024
- Dokumenttyp
- Forschungsbericht
- Sprache des Dokumentes
- Englisch
- Lizenz / Rechtehinweis