## Abstract We investigate the relationship between exchange rate volatility, exchange rate risk diversification and the location of foreign direct investment in the manufacturing industries of Indonesia, Malaysia, Philippines and Thailand. We found a strong role for the yen/dollar exchange rate in
Foreign Direct Investment in R&D and Exchange Rate Uncertainty
โ Scribed by Bettina Becker; Stephen G. Hall
- Publisher
- Springer US
- Year
- 2008
- Tongue
- English
- Weight
- 232 KB
- Volume
- 20
- Category
- Article
- ISSN
- 0923-7992
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๐ SIMILAR VOLUMES
Modern theory of foreign direct investment (FDI) identifies market frictions such as transport costs and tariffs as major obstacles to a firm's access to foreign markets and as important reasons for two-way FDI. An alternative rationale for two-way FDI is offered in the present paper from a theoreti
## Abstract Modern theories of foreign direct investment claim that foreign direct investment occurs because certain domestic assets are worth more under foreign control. This view developed by industrial organization theorists is indifferent to the financing mode of a foreign acquisition as well a