2022
DOI: 10.1108/itpd-08-2022-0014
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Cross-border M&A, greenfield FDI and the onset of intrastate conflict, 1990–2015

Abstract: PurposeBy examining the link between the two types of FDI and intrastate conflict from 1990 to 2015 in 138 countries, this paper intends to test the peace-through-FDI thesis.Design/methodology/approachTo empirically test the hypotheses, this study examines county-year observations from 1990 to 2015 for 138 countries. An instrumental variable method is utilized to this end.FindingsThis paper shows that, while greenfield FDI generates pacifying effects on intrastate conflict, M&A investment is likely to prom… Show more

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