@techreport{5bc155ac88584e57a7540d7046d73e59,
title = "Dundee Discussion Papers in Economics 139: Option value, policy uncertainty and the foreign direct investment decision",
abstract = "In this paper we analyse the impact of policy uncertainty on foreign direct investment strategies. The paper follows the real options approach, which allows to investigate the value to a firm of waiting to invest and/or disinvest, when payoffs are stochastic due to political uncertainty and investments are partially reversible. Across the board we find that political uncertainty can be very detrimental to FDI decisions.",
keywords = "Real options, Investment, Foreign direct investment, Political uncertainty",
author = "Yu-Fu Chen and Michael Funke",
year = "2003",
language = "English",
series = "Dundee Discussion Papers in Economics",
publisher = "University of Dundee",
number = "139",
type = "WorkingPaper",
institution = "University of Dundee",
}
