This paper uses the gravity framework to explore the bilateral foreign direct investment stock that has been sent by OECD economies to Asian economies. The focus is on the relationship between these FDI stock values and measures of governance and trade regulation in the Asian economies. To explore this relationship, two different dependent variables are used. The first is a dummy variable equal to one if there is FDI stock present in the Asian economy from the OECD country and the second is the value of the stock for the subset of countries where an FDI investment position is present. Standard gravity variables are included such as distance between sender and recipient, population of both sender and recipient, and economic size of the sender and recipient in terms of GDP per capita. The findings of this study suggest that stronger institutional governance in the form of control of corruption, rule of law, and voice and accountability will lead to higher amounts of foreign direct investment stock in those Asian economies who are already experiencing some level of investment, but the role of institutional governance is not prevalent when looking only at whether any investment relationship is present.