Economic Distance and The Survival of Foreign Direct Investments
研究了经济距离对外商直接投资生存率的影响，发现投资于比母国更发达或更不发达的国家时，生存率更高，而经济相似的国家则较低。基于新加坡企业数据验证，并分析了收购与新建投资的差异。
Taking a theoretical perspective contrasting resource exploitation with resource exploration, we argue that foreign direct investments' (FDIs') hazard rates are lower in countries that are either more or less developed than a home country than are FDIs' hazard rates in countries of similar economic development. We obtained strong supporting evidence in a sample of FDIs made by Singapore firms. Further, using the reasoning of strategic coalignment, we argue that acquisitions have lower hazard rates than greenfield investments in more developed countries and vice versa in less developed countries. We found supporting evidence for the former argument but not for the latter.