"Captive Markets": the impact of kidnappings on corporative investment in Colombia

This paper measures the impact of crime on firm investment by exploiting variation in kidnappings in Colombia from 1996 to 2002. Our central result is that firms invest less when kidnappings target firms. We also find that aggregate crime rates-homicides, guerrilla attacks, and general kidnappings-h...

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Detalles Bibliográficos
Autores Principales: Pshisva, Rony, Suárez, Gustavo
Formato: Desconocido (Unknown)
Lenguaje:Inglés (English)
Publicado: Universidad de los Andes, Facultad de Economía, CEDE 2018
Acceso en línea:http://hdl.handle.net/1992/7964