The Effect of Exchange Rate Risk on Foreign Direct Investments Implications for countries not adhering to EMU: Sweden as a specific example
This study describes an aggregate relationship between exchange rate risk and foreign direct investments. The relationship is conducted by panel data estimations, with variables derived from the OLI-framework and prior research. Sample data consists of 36 countries for the time series 1991-2009. Estimations are controlled for country specific variations by using fixed effects, regional dummy varia