Abstract
Globalization and technological innovations create investment opportunities for enterprises worldwide. Foreign direct investment (FDI) is one investment option which firms choose when expanding into international markets. Firms pursuing international business opportunities analyze a number of factors regarding the FDI location decision (Dunning 1999; Porter 2000). At the same time, countries compete to attract foreign firm’s FDI inflows. One competing factor receiving increased attention in international business is a country’s level of corruption. Media attention, academic studies, and international agreements are increasingly focused on corruption. Transparency international, a not-for-profit agency established in 1993, annually compares country corruption and provides a corruption perceptions index (CPI) ranking to the public through its website. The level of corruption for countries competing for FDI inflows is readily available for potential foreign business investors to compare.
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Gohar, R., Shariq, M., Azim, F. (2012). The Effect of Corruption on Country-Level Investment: The Case of Pakistan. In: Çaliyurt, K., Idowu, S. (eds) Emerging Fraud. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-20826-3_9
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