Far From Home: Do Foreign Investors Import Higher Standards of Governance in Transition Economies?

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The Effect of Corruption on Investment Growth: Evidence from Firms in Latin America, Sub-Saharan Africa, and Transition Countries (2009, background): “” Thus, all else equal, firms that benefit from corruption may expand their activities by increasing investments (Hellman et al., 2002).”
Impacts of illegality and barriers to legality: a diagnostic analysis of illegal logging in Honduras and Nicaragua (2003, background): “14 A lax regulatory framework attracts less responsible international companies according to recent transition economy literature (Hellman et al. 2002).”
Understanding corruption and firm responses in cross-national firm-level surveys (2010, background): “…data-based analyses, see Batra, Kaufmann, and Stone (2003), Clarke and Xu (2004), Escribano and Guasch (2005), Fisman and Gatti (2006), Gray, Hellman, and Ryterman (2004), Hellman et al. (2006), Hellman and Kaufmann (2004), Lee, Oh, and Eden (forthcoming), Svensson (2003), and World Bank (2005).”