Intellectual property issues may hurt companies which rely on technology to differentiate themselves in emerging markets. The IP intangible values may be copied or stolen by competitors in emerging markets who don't respect the rights of companies. Thus, revenue growth and profits are negative affected. Also, investment in those countries is curtailed to ones which offer better protection. … "Intellectual Property Issues" is an easy qualitative factor to overcome, so the investment will not have to spend much time trying to overcome this issue.