![]() These findings suggest that relational contracting facilitates global integration of dynamic, knowledge-intensive industries even when formal institutions are weak. We address other mechanisms through which migrant networks facilitate FDI and verify our results hold at the country-industry level. Our empirical analysis of dyadic VC and M&A flows covers over 100 countries during 1980–2009. We propose that VC flows are less sensitive to host institutions but correlate strongly with skilled migrant networks that monitor compliance and impose reputational costs. Pandya (PhD, Harvard) is an associate professor of Politics at the University of Virginia. We disaggregate FDI into two distinct varieties: mergers and acquisitions (M&A) and venture capital (VC). ![]() We show that relational contracting, relationship-based contract enforcement, is more efficient for high-risk, human capital-intensive activities for which the costs of writing legally enforceable contracts are prohibitive. Issues I work with: My background includes 10+ years experience of working within the field of and, with individuals experiencing severe mental health, trauma, abuse and sexual violence. Department of Journalism and Mass Communication, Gujarat University, Navrangpura. ![]() Political economy scholarship on foreign direct investment (FDI) emphasizes variation in host country political risk but overlooks variation in investors' sensitivity to political risk. QuinnEmanuel is pleased to have been awarded the Competition Litigation Team of the Year and International Arbitration Team of the Year at the inaugural Commercial Litigation & Arbitration.
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