C.T. (Caroline) Witte

Erasmus School of Economics (ESE)
Erasmus University Rotterdam
ERIM Doctoral Student
Field: Strategy & Entrepreneurship
Affiliated since 2013

Caroline Witte is a PhD researcher at the Erasmus University Rotterdam and is affiliated with the Erasmus Research Institute of Management. In her dissertation she examines the strategy of Multinational Enterprises in conflict countries. Her research takes place on the interface between economics and business, combining the international strategy literature, real options theory and endogenous growth models. She obtained her bachelor’s degree in Liberal Arts and Sciences at University College Maastricht (cum laude) and her master’s degree in Strategy and Entrepreneurship Economics at the Erasmus School of Economics (cum laude). 

Self - interest Fuelling Peace? Multinational enterprises in politically violent regions.

In my dissertation, I study the relation between political violence and Foreign Direct Investment. I aim to find answers to two key research questions. First, how does political violence affect FDI? Second, how does FDI affect the development path of countries affected by political violence? To answer these questions concepts from the international strategy literature are combined with real options theory and endogenous growth models. Sector and firm level data are exploited to examine the heterogeneous nature of the effect of political violence – FDI relation. In addition, I aim to tackle the   endogenous   nature  of  the  relationship  by  means  of  instrumental  variable  techniques. Econometric models are complemented with qualitative data obtained through interviews. The main objective of the dissertation is to guide policy makers and Investment Promotion Agencies (IPAs) active in conflict countries in effectively assessing the role of FDI in the promotion of peace and economic development.

Time frame
2013 -


Visiting address

Office: Tinbergen Building H08-21
Burgemeester Oudlaan 50
3062 PA Rotterdam

Postal address

Postbus 1738
3000 DR Rotterdam

Latest publication

C.T. Witte, M.J. Burger, E. Ianchovichina & H.P.G. Pennings (2017). Dodging bullets: the heterogeneous effect of political violence on greenfield FDI. Journal of International Business Studies, 48 (7), 862-892. doi: 10.1057/s41267-017-0079-7

Supervisory team

Caroline Witte
Professor Applied Industrial Organization
Promotor, Daily supervisor