The Impact of Unilateral Bilateral Investment Treaties Terminations on FDI: Evidence from a Natural Experiment

International investment agreements and foreign direct investment: A survey

“…Hartmann and Spruk (2020) focus on the random timing of 44 unilateral BIT terminations on the part of India in the quarter years between 2013 and 2019. Note that their study differs from others with the focus on terminations and the use of quarterly rather than annual data on bilateral FDI in India from 138 parent countries.…”

“…Hartmann and Spruk (2020) found that the detrimental effects of BIT terminations on quarterly inward FDI to India emerged in particular on FDI from parent countries, where the quality of the legal institutions was different from those of India.…”

“…Bhagwat et al, 2021). Studies that condition on the initial level of parent and affiliate companies present in a market tend to find that a new IIA increases the number of parent and affiliate companies after its inception (see Egger & Merlo, 2012) and reduces it after its abandonment (see Hartmann & Spruk, 2020).…”