The internationalisation of Richter Gedeon, the Hungarian pharmaceutical company, and entrepreneurship in Hungary

Antalóczy, Katalin; Sass, Magdolna

doi:10.4324/9781315392387-10

Cited by 9 publications

(8 citation statements)

References 1 publication

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…These strategy changes had their consequences on the internationalisation of the firm as well. At present, the company has a very high export/sales ratio, 89%, which never went below 60% in the last two and a half decades and since 2007, it is permanently above 80% (Antalóczy -Sass 2018). In terms of FDI, 13…”

Section: Richter Gedeon Plcmentioning

confidence: 97%

“…The main reason for that is that there are no major foreign owners with more than 10% of the shares: the largest foreign owner, Aberdeen Asset Management Plc., a financial investor owns only 9.79% of the shares. Thus, the ownership structure of Richter Gedeon is highly dispersed, and the control is in the hands of the Hungarian management (Antalóczy -Sass 2018). Richter Gedeon defines itself as a "specialty pharma" firm: it concentrates on the dispensation of specialty pharma drugs.…”

Section: Richter Gedeon Plcmentioning

confidence: 99%

“…After the transition process started, the company had to adapt and change its internationalisation strategy at least three times (Antalóczy -Sass 2018). First, after 1989 when former CMEA markets became more risky with the collapse of regional trade, then their problems were reinforced during the 1998 Russian and Asian crisis, and the company targeted new foreign markets (especially, in the Americas and emerging Asia).…”

Section: Richter Gedeon Plcmentioning

confidence: 99%

“…The top management took the decision to become a specialty pharma company. That brought over changes in the main destinations of FDI: acquisitions of pharma and biotech firms in the developed European countries (Germany and Switzerland) were the most important elements in that (Antalóczy -Sass 2018).…”

Section: Richter Gedeon Plcmentioning

confidence: 99%

See 3 more Smart Citations

Just Look behind the Data! Czech and Hungarian Outward Foreign Direct Investment and Multinationals

Sass

Vlčková

2019

Acta Oeconomica

Self Cite

View full text Add to dashboard Cite

There has been an increase in outward foreign direct investment (FDI) and in the number of locally-owned or controlled multinationals in the Czech Republic and Hungary. However, data problems hinder to determine accurately the underlying trends and the main factors behind the changes. Data on outward FDI contain investment realised by all locally operational firms, regardless of their ownership. We rely on newly available balance of payments manual 6 (BPM) data and on company case studies. We show that outward investment by Czech firms must be much higher than what balance of payments data show. Hungary's case is the opposite. The leading Czech and Hungarian foreign investor firms can be categorised as “virtual indirect” foreign investors: they are in majority foreign ownership, but under domestic control. The reason for this special type of firms dominating in outward foreign direct investments can be found in the privatisation technique applied in these countries during the transition process.

show abstract

Section: Richter Gedeon Plcmentioning

confidence: 97%

Section: Richter Gedeon Plcmentioning

confidence: 99%

Section: Richter Gedeon Plcmentioning

confidence: 99%

Section: Richter Gedeon Plcmentioning

confidence: 99%

See 2 more Smart Citations

Just Look behind the Data! Czech and Hungarian Outward Foreign Direct Investment and Multinationals

Sass

Vlčková

2019

Acta Oeconomica

Self Cite

View full text Add to dashboard Cite

show abstract

“…In Hungary, similarly to the USA or Japan, more than 2 % of the GDP is pharmaceutical spending (Organisation for Economic Co-operation and Development, 2017); over 30 % of all healthcare spending is pharmaceutical spending (Inotai, Csanádi, Harsányi & Németh, 2017). For a country such as Hungary, the development of knowledge-intensive industries relying heavily on research and development can be a sound long-term economic strategy (Antalóczy & Sass, 2018).…”

Section: Introductionmentioning

confidence: 99%

PLS Modelling of Factors Aff ecting the Cooperation Between Sales and Marketing in Pharmaceutical and Non-Pharmaceutical Manufacturing Firms

Hetényi

Szilasi

Lengyel

2019

View full text Add to dashboard Cite

Purpose-This paper aims to explore the manner in which cooperation between sales and marketing in pharmaceutical manufacturing companies (PMC) (n=16) and non-pharmaceutical manufacturing companies (NPMC) (n=31) is aff ected by selected indicators. It also attempts to demonstrate how the Partial Least Square (PLS) path modelling technique can reveal latent mechanisms in the interplay of the examined factors aff ecting SM cooperation. Design/methodology/approach-Data collection was carried out in the form of an online questionnaire. The rating scale data gathered was analyzed using PLS path modelling. Sažetak Svrha-Cilj je rada istražiti kako odabrani indikatori utječu na suradnju između prodaje i marketinga u farmaceutskim (n=16) i nefarmaceutskim proizvodnim poduzećima (n=31). Isto tako, rad pokušava pokazati kako PLS metoda parcijalnih najmanjih kvadrata, kao tehnika modeliranja staza, može otkriti latentne mehanizme u međusobnom djelovanju istraživanih faktora koji utječu na suradnju između prodaje i marketinga. Metodološki pristup-Podaci su prikupljeni korištenjem online anketnog upitnika s mjernim ljestvicama. Analizirani su primjenom PLS metode parcijalnih najmanjih kvadrata.

show abstract

Surviving and Competing Successfully? Internationalisation of State-Owned Companies in Central and Eastern Europe

Sass

2023

International Political Economy Series

View full text Add to dashboard Cite

The internationalisation of Richter Gedeon, the Hungarian pharmaceutical company, and entrepreneurship in Hungary

Cited by 9 publications

References 1 publication

Just Look behind the Data! Czech and Hungarian Outward Foreign Direct Investment and Multinationals

Just Look behind the Data! Czech and Hungarian Outward Foreign Direct Investment and Multinationals

PLS Modelling of Factors Aff ecting the Cooperation Between Sales and Marketing in Pharmaceutical and Non-Pharmaceutical Manufacturing Firms

Surviving and Competing Successfully? Internationalisation of State-Owned Companies in Central and Eastern Europe

Contact Info

Product

Resources

About