Cyp-Rus Investment Flows to Central and Eastern Europe ‐ Russia's Direct and Indirect Investments via Cyprus to Cee

Pelto, Elina; Vahtra, Peeter; Liuhto, Kari

doi:10.3846/16111699.2004.9636063

Cited by 20 publications

(13 citation statements)

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“…Linda Johansson (2006) carried out some ground-breaking research when she studied Russian migrant entrepreneurs in Southwestern Finland. She discovered two rather unexpected Jumpponen (2001, 2003); Kalotay (2002Kalotay ( , 2004Kalotay ( , 2007Kalotay ( , 2008bKalotay ( , 2013; Liuhto (2002); Andreff (2003); Pelto et al (2003); Vahtra and Liuhto (2004; Zashev (2004Zashev ( , 2005b; Crane et al (2005); Heinrich (2005); Sauvant (2005); Vahtra (2005Vahtra ( , 2006Vahtra ( , 2007aVahtra ( , 2009Vahtra ( , 2010a; Vahtra and Zashev (2006); Kuznetsov (2007aKuznetsov ( , 2008aKuznetsov ( , 2010aKuznetsov ( , 2011aKuznetsov ( , 2011bKuznetsov ( , 2011dKuznetsov ( , 2012bKuznetsov ( , 2012cKuznetsov ( , 2012dKuznetsov ( , 2013; Skolkovo (2007Skolkovo ( , 2009 ;Deloitte (2008); Ehrstedt and Vahtra (2008);Filippov (2008Filippov ( , 2010Filippov ( , 2011cFilippov ( , 2012Filippov ( , 2013; Blyakha (2009) results: The Russian migrant en...…”

Section: Some Core Studies On the Contemporary Russian Investments Abmentioning

confidence: 96%

Outward Foreign Direct Investment from Russia: A Literature Review

Liuhto

Majuri

2014

Journal of East-West Business

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The revolution in Russian outward foreign direct investment (OFDI) has occurred this century. UN statistics indicate that Russian OFDI stock was just USD 20 billion at the beginning of this century, whereas in 2013 it already exceeded USD 500 billion. The researchers have followed this skyrocketing investment growth and the numerous novel themes it has generated. On the eve of the millennium, there were only a handful of scientific studies focusing on Russian OFDI, whereas a decade later, significantly more than 100 contributions have emerged. With this review the authors aim to identify the development of Russian OFDI, its main trends, research gaps, key weaknesses and even some scientific disputes among scholars. With the description of the development of the research field, the authors wish to strengthen the accumulation of knowledge concerning Russian OFDI and aid other scholars to find novel research topics and focus their research more effectively than before.KEYWORDS capital exports from Russia, internationalization of Russian firms, literature review, Russian outward FDI According to Bulatov (1998Bulatov ( , 2001, Russian enterprises began to invest abroad in the last decades of the 19th century. Russian capital was exported primarily to China and Persia as well as to Mongolia.

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Section: Some Core Studies On the Contemporary Russian Investments Abmentioning

confidence: 96%

Outward Foreign Direct Investment from Russia: A Literature Review

Liuhto

Majuri

2014

Journal of East-West Business

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“…Table 8 9 The stock of inward FDI came from Cyprus. Pelto et al 2003. ranks the top 10 Russian-based nonfinancial TNCs by foreign assets, according to estimates by Liuhto (2004a and. Tables 9 and 10 show the results of a survey by UNCTAD.…”

Section: Investor Companiesmentioning

confidence: 99%

Russian FDI in Central and Eastern European Countries: Opportunities and Threats

Weiner

2006

SSRN Journal

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Russian outward foreign direct investment (OFDI) has been showing a very promising performance in recent years. The Central and Eastern European (CEE) countries have become a key destination, but this is often viewed with suspicion by host countries. The paper begins with the quantity and geographical distribution of Russian capital investment, pointing to differences between estimates and official OFDI data reported on a balance-of-payments basis by the Central Bank of Russia, which are frequently revised. In some years, OFDI has exceeded the FDI inflows into Russia, which is very unusual for an ex-communist transformation country. It is also paradoxical that FDI from relatively poor and less developed Russia should be supporting the economies of relatively more developed countries. When the destinations are examined, it emerges that some of the FDI is round-tripping and transshipping , as a significant proportion of the investment is conducted indirectly, through third economies. 5 According to Forbes, Russia's richest had a combined wealth of USD 90.6 billion in 2005, putting Russia in 1

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“…Furthermore, each tax haven is relevant for a different set of countries. For example, while Cyprus has been a favourite tax haven for Russian depositors and combines both low taxation and high secrecy (Pelto, Vahtra, and Liuhto, 2004;Ledyaeva et al 2015), Mauritius has been notoriously secretive and important for multinational enterprises active in India (Janský & Prats, 2015;Schjelderup, 2015). Unlike these examples, systematic evidence of which secrecy jurisdictions are important for which countries has so far not been available, at least not for a large number of countries, and for understandable reasons.…”

Section: Introductionmentioning

confidence: 99%