Responses of FDI to geopolitical risks: The role of governance, information, and technology
研究发现地缘政治风险上升会抑制外国直接投资，而东道国的有效治理、跨国公司的信息优势以及行业的技术密集度会调节这种负面影响。
We show that rising geopolitical risk and geopolitical uncertainty (GPR) deter foreign direct investment (FDI). We further explore the role of governance, information, and technology in shaping the responses of FDI to GPR and document three main findings. First, effective governance in the destination market safeguards FDI against GPR. Second, multinational corporations with better information gained from closer geographic, cultural, and commercial ties choose to delay FDI in response to rising GPR instead of managing it. Third, FDI in more R&D-intensive industries is more resilient to GPR because intangible technology can more easily be transferred across borders.