Analysis Regarding the Growing Presence of Italian Firms in Romania

Valdemarin, Stefano

doi:10.18267/j.cebr.138

Cited by 4 publications

(2 citation statements)

References 3 publications

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“…This phenomenon is not unique within Europe. Relocation of economic activity has also been observed recently in other EU countries: Italian firms have moved to Romania and transnational corporations (TNCs) have relocated from Ireland in the first few years after 2007 (Godart et al 2012;Valdemarin 2015). However, the recent industrial capital flight from Greece is unprecedented at the European level, as since 2007 more than 10,000 firms out of the 835,000 Greek small-and medium-sized enterprises (1.2%) have moved from the country, mainly towards Bulgaria, according to estimations of the Hellenic Ministry of Foreign Affairs (2017).…”

Section: Introductionmentioning

confidence: 78%

The impact of economic crisis on firm relocation: Greek SME movement to Bulgaria and its effects on business performance

Kapitsinis

2018

GeoJournal

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The 2007 global economic crisis and public policies implemented to resolve it have modified the conditions under which enterprises operate, thus having great effects on business tactics and decisions. This paper employs a comparative analysis of the pre-and post-crisis movements of Greek smalland medium-sized enterprises (SMEs) to Bulgaria in order to examine the impact of the crisis and the applied public policy on firm-internal relocation factors, such as size, sector and relocation incentive, and the effects of relocation on business performance. Greek SME movements to Bulgaria have recently increased considerably due to the adverse effects of the crisis on the Greek economy. Results demonstrate that, while in the pre-crisis period many Greek businesspeople viewed relocation to Bulgaria as an entrepreneurial opportunity for firm expansion, since 2007 relocation has been perceived as a necessity for the vast majority of Greek entrepreneurs in order to stay in business. However, evidence is provided for a clear division between businesspeople, managing strong, and medium-sized firms and seeking business growth and improved competitiveness, and entrepreneurs who own small, unproductive enterprises and who made efforts to maintain business without seeking quality improvement. Consequently, many of them failed to stay in business since they overlooked internal to firm changes.

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Section: Introductionmentioning

confidence: 78%

The impact of economic crisis on firm relocation: Greek SME movement to Bulgaria and its effects on business performance

Kapitsinis

2018

GeoJournal

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“…(Ambos, Schlegelmilch, Ambos, & Brenner, 2009, p. 633). Central and Eastern Europe represents an attractive market for foreign direct investments (FDI) from other European countries (Valdemarin, 2015) and mergers and acquisitions seems to develop as quick way to enter specific markets such as Czech Republic (Thivant & Machková, 2017). Furthermore, it seems that brownfield investments through (M&A) represent a growing trend (Martin & Shalev, 2017) with the emergence of many serial acquirers (Ismail, 2008) between multinational companies.…”

Section: Introductionmentioning

confidence: 99%

The Successful Internationalization of Intesa Sanpaolo Bank in Central and Eastern Europe: Acquisitions, Insidership and the Uppsala Model

Valdemarin¹

2018

CEBR

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Interpreting business mobility through socio-economic differentiation. Greek firm relocation to Bulgaria before and after the 2007 global economic crisis

Kapitsinis

2018

Geoforum

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Analysis Regarding the Growing Presence of Italian Firms in Romania

Cited by 4 publications

References 3 publications

The impact of economic crisis on firm relocation: Greek SME movement to Bulgaria and its effects on business performance

The impact of economic crisis on firm relocation: Greek SME movement to Bulgaria and its effects on business performance

The Successful Internationalization of Intesa Sanpaolo Bank in Central and Eastern Europe: Acquisitions, Insidership and the Uppsala Model

Interpreting business mobility through socio-economic differentiation. Greek firm relocation to Bulgaria before and after the 2007 global economic crisis

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