Outward Foreign Direct Investments and Emerging Multinational Companies from Central and Eastern Europe

Radło, Mariusz-Jan; Sass, Magdolna

doi:10.2753/eee0012-8775500201

Cited by 32 publications

(18 citation statements)

References 5 publications

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“…In the context of efficiency‐seeking, prior research pointed at the relevance of tax optimization strategies as a motivation for OFDI from CEECs (Antalóczy and Eltetö, 2002; Radlo and Sass, ). Our results indicate that locations in EU15 countries as well as entries in the post‐accession period are negatively related to the level of top statutory taxation of corporate income, although mixed logit results seem to indicate considerable heterogeneity of this effect.…”

Section: Discussion Implications and Limitationsmentioning

confidence: 99%

European Integration and Outward FDI from Central and Eastern Europe – Is There Any Evidence of Knowledge‐seeking?

Jindra

Hassan

Günther

et al. 2015

J of Common Market Studies

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The European Union (EU) Member States in central and eastern Europe (CEE) witnessed a surge in outward foreign direct investment (OFDI) between 2000 and the start of the global financial crisis. This article investigates whether the European integration process altered the relative importance of host country location factors. In particular, we investigate to what extent knowledge‐seeking is a relevant investment motive, which has been documented as a key determinant for OFDI from other emerging economies. We apply a discrete choice approach to model foreign location choice of firms from CEE countries (CEECs) within the EU 27 (1996–2010). We find that the EU integration process is related with increasing importance of market access and less emphasis on labour cost advantages. We find heterogeneity in the valuation of foreign knowledge‐related assets. The location probability within the EU15 is positively associated with knowledge‐seeking. It also plays a role for technology‐intensive industries and larger firms.

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Section: Discussion Implications and Limitationsmentioning

confidence: 99%

European Integration and Outward FDI from Central and Eastern Europe – Is There Any Evidence of Knowledge‐seeking?

Jindra

Hassan

Günther

et al. 2015

J of Common Market Studies

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“…A new area of research on European FDI addresses the emerging multinationals originating from European transition and post-transition economies and the development of outward FDI from these countries. Jaklic and Svetlicic (2001) analyze outward FDI from new European Union (EU) members, whereas Radlo and Sass (2012) present the basic types of outward FDI investment projects from CEE with respect to the location and motivation for investment. There are also several outward FDI country studies that include the Czech Republic (Zemplinerov a, 2012), Hungary , Poland (Radlo, 2012), and Slovakia (Ferencikova and Ferencikova, 2012).…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of foreign direct investment and entry modes of Polish multinational enterprises: A new perspective on internationalization

Kowalewski

Radło

2014

Communist and Post-Communist Studies

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a b s t r a c tThis study uses firm data to examine the locational trends of foreign direct investment projects undertaken by Polish companies. The findings of the study are consistent with the evolutionary models of internationalization. Companies in the early stages of internationalization are motivated by markets and resource seeking, whereas efficiency seeking and strategic asset seeking are significant motivators in the advanced stages of internationalization. However, our results with respect to Polish cross-border acquisitions by service companies and greenfield foreign direct investments by industrial or manufacturing companies did not confirm the evolutionary model findings. We found evidence that, in both cases, investments are motivated by the need for efficiency or strategic assets.

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“…Os investimentos outward conferem inúmeras vantagens para todos os membros que participam da cadeia de investimento global, seja ele o país sede das multinacionais, seja o país hospedeiro, sejam as empresas multinacionais e domésticas envolvidas ou os setores envolvidos nas internacionalizações (Apergis, 2009;Baer&Sirohi, 2013;Chen et al, 2012;Chow, 2012;Davies (2013) ;Globerman, 2012;Herzer, 2010;Kahanidra, 2013;Ketkar, 2014;Lee, 2010;Qiang, 2013;Quer et al, 2011;Radlo & Sass, 2012;Rasiah et al, 2010).…”

Section: Investimentos Outwardunclassified

“…Dentre os benefícios, pode-se destacar o aumento de competitividade das firmas locais, transferência de conhecimento, transferência de tecnologia, network com fornecedores e operadores logísticos a nível mundial, acesso à mão de obra qualificada, acesso à mão de obra barata, acesso a mercados financeiros globais, entre outros (Apergis, 2009;Baer & Sirohi, 2013;Chen, Hsu & Wang, 2012;Chow, 2012;Davies, 2013;Globerman, 2012;Herzer, 2010;Ketkar, 2014;Kahanidra, 2013;Lee, 2010;Quer et al, 2011;Qiang, 2013;Radlo & Sass, 2012;Rasiah et al, 2010).…”

Section: Introductionunclassified

Uma proposta de arcabouço teórico para análise do comportamento dos investimentos diretos estrangeiros em economias emergentes

Ferreira¹,

Dib²

2015

RCA

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ResumoO objetivo deste ensaio teórico foi identificar determinantes dos investimentos diretos outward de firmas com sede em países considerados emergentes. Foi feita análise crítica da base de dados da UNCTAD e revisão da teoria do Investment Development Path (Teoria IDP), proporcionando a integração dos resultados de estudos empíricos relacionados a investimentos diretos com a literatura mais pertinente. A conclusão da pesquisa permitiu a sugestão de um arcabouço teórico contendo determinantes que podem empurrar ou puxar investimentos outward a partir de economias emergentes. Tal arcabouço visa ampliar a contribuição da Teoria IDP, sugerindo determinantes complementares ao PIB per capita. Com relação ao estado da prática, o arcabouço pode servir de orientação para estratégias de internacionalização de firmas de economias emergentes, assim como para o direcionamento de políticas governamentais de tais países. Palavras-chaves: Investimento outward. Economias emergentes. IDP theory.Investimento direto estrangeiro.

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Outward Foreign Direct Investments and Emerging Multinational Companies from Central and Eastern Europe

Cited by 32 publications

References 5 publications

European Integration and Outward FDI from Central and Eastern Europe – Is There Any Evidence of Knowledge‐seeking?

European Integration and Outward FDI from Central and Eastern Europe – Is There Any Evidence of Knowledge‐seeking?

Determinants of foreign direct investment and entry modes of Polish multinational enterprises: A new perspective on internationalization

Uma proposta de arcabouço teórico para análise do comportamento dos investimentos diretos estrangeiros em economias emergentes

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