Some reports, such as the McKinsey global and country-level surveys of institutional investor opinions indicate that foreign investors in many regions perceive corporate governance as being almost as important as financial reporting.

Also, according to the Organisation for Economic Cooperation and Development (OECD), poor governance may discourage investment by creating barriers to market entry and increasing operating costs.

For further information please see below examples of publications:

Investors perspectives on corporate goverance - a rapidly evolving story [Global Corporate Governance Guide 2004: Best Practice in the Boardroom, Paul Coombes and Simon Wong, McKinsey & Co]

Foreign Direct Investment Survey  [Multilateral Investment Guarantee Agency (MIGA), 2002] 

Foreign Direct Investment for Development: Maximising Benefits, Minimising Costs  [OECD, 2002]