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https://doi.org/10.37043/JURA.2017.9.1.1
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Analysis of the investment activity in south and central eastern europe: A comparative analysis of the corporate growth model
[journal article]
Abstract
With the opening up of the South and Central Eastern European markets in the early 1990s, foreign firms grabbed the opportunity to exploit their ownership advantages and expand abroad. Within this context, the primary aim of this study is to test the impact of ownership and location advantages in... view more
With the opening up of the South and Central Eastern European markets in the early 1990s, foreign firms grabbed the opportunity to exploit their ownership advantages and expand abroad. Within this context, the primary aim of this study is to test the impact of ownership and location advantages in determining the internalisation decisions by foreign investors. The theoretical part will present a framework for explaining the strategic aspects of the internationalisation process, by integrating the resource based theoretical approach, which examines inter- alia ownership resource requirements, and the transaction costs approach, which involves examining variables relating to internalisation control and resources costs. The framework is then applied to the empirical examination of various aspects of the internationalisation process of foreign companies in the region. These break down into three main areas: the internationalisation decision itself; the entry mode strategies; and the implications for performance in terms of profitability.... view less
Keywords
decision making; Southern Europe; Eastern Europe; internationalization; foreign investment; internalization
Classification
Area Development Planning, Regional Research
Free Keywords
eclectic paradigm; Central Eastern Europe; foreign direct investment
Document language
English
Publication Year
2017
Page/Pages
p. 5-32
Journal
Journal of Urban and Regional Analysis, 9 (2017) 1
ISSN
2067-4082
Status
Published Version; peer reviewed