Direct investment in economies in transition:
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Cheltenham [u.a.]
Elgar
1998
|
| Series: | New horizons in international business
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XII, 308 S. graph. Darst. |
| ISBN: | 1858987369 |
Staff View
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| 245 | 1 | 0 | |a Direct investment in economies in transition |c Klaus Meyer |
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Contents
List of Figures viii
List of Tables ix
Acknowledgements xi
PART ONE: OVERVIEW AND RESEARCH ISSUES
1. Introduction 3
Issues in economics of transition 4
Issues in international business 6
Structure and methods of analysis 7
Notes 10
2. Direct Foreign Investment in Central and Eastern Europe: The Issues 11
Economics of transition 11
Business in Central and Eastern Europe 15
Trends of direct foreign investment 25
Contemporary research in the emerging field 42
Directions for this research 53
Notes 54
PART TWO: THE THEORY OF DIRECT FOREIGN INVESTMENT
3. Determinants of Direct Investment: A Review of the Literature 59
DFI as capital flows 60
The location of production 65
Industrial organization 70
The scope of the firm 75
A synthesis: the eclectic paradigm 77
Notes 78
Appendix 3.1: A developmental model of direct foreign investment 80
vi Contents
4. Transaction Cost Analysis of Direct Foreign Investment 87
The internalization decision 88
Markets, hierarchies and intermediate forms 106
The nature of cross border interfaces 108
Conclusion 111
Notes 112
PART THREE: EMPIRICAL ANALYSIS
5. The Enterprise Survey 117
Survey method 117
The pattern of business activity 120
Investment motivations 129
Attractions and obstacles for investors 130
Directions for the empirical analysis 132
Notes 134
Appendix 5.1: Methodology of the survey 13 5
Appendix 5.2: Text of the questionnaire survey 141
Appendix 5.3: Definition of variables 147
6. The Determinants of West East Business 150
Theoretical basis and hypothesis 151
Methods of empirical analysis 159
Hypothesis tests 164
Conclusions 173
Notes 174
7. Determinants of Direct Investment: Testing Transaction Cost
Theory 175
Testing transaction costs 175
Method of analysis 180
The data set 181
Results 186
Testing interaction effects 194
Testing for an ordinal relationship 199
Interpretation 204
Notes 209
Appendix 7.1: Test for independence of irrelevant alternatives 211
Contents vii
8. Form of Ownership and Mode of Entry 213
The data set 214
Theoretical foundations 215
Empirical analysis 231
Results and hypothesis tests 231
Conclusions 240
Notes 243
PART FOUR: CONCLUSIONS
9. Conclusions 247
The international business literature 247
The literature in economics of transition 254
Note 262
Bibliography 263
Index 301
List of Figures
1.1 Analytical approach 7
1.2 Structure of the empirical analysis 9
2.1 Index of real GDP 15
2.2 DFI flows to Central and Eastern Europe 31
3 A. 1 Economic forces driving the Asian model of DFI 83
4.1 The internalization decision 89
4.2 Changes in transaction cost curves 95
4.3 Influences of the institutional environment 104
4.4 Markets versus hierarchies 107
4.5 A two dimensional perspective 108
4.6 Cross border interfaces 109
4.7 Extent of local production: international transfers and
organizational modes 110
5.1 Stages of the empirical analysis 133
7.1 Interaction effects 195
7.2 A three dimensional view of TC 208
9.1 Choice of transaction modes: an interpretation 250
List of Tables
2.1 Selected indicators of CEE business environments in 1994 12
2.2 Various measures of DFI in Hungary 28
2.3 DFI inflows to CEE 30
2.4 Alternative measures of DFI 32
2.5 DFI in CEE: countries of origin 35
2.6 Cross country patterns of DFI flows 37
2.7 Regional distribution of German and UK DFI within CEE 3 8
2.8 DFI by sector of investment 40
2.9 Selected country studies 42
2.10 Selected enterprise surveys on DFI in CEE 44
3.1 Theories of direct foreign investment 60
3.2 Core concepts and major contributors 61
4.1 Methodology of empirical research 91
5.1 Questionnaire returns 119
5.2 Number of observations, by sector and size of the firm 119
5.3 Business activity 120
5.4 CEE business as a percentage of worldwide operations 122
5.5 Types of business activities 123
5.6 Characteristics of DFI projects 126
5.7 Mode of entry in different studies 128
5.8 Attractions and obstacles of local environments 131
5A. 1 The respondents 139
6.1 Expected coefficients 158
6.2 Descriptive statistics 161
6.3 Correlations of the independent variables 162
6.4 General models 163
6.5 Predicted versus actual outcome 164
6.6 Host country models 166
6.7 Home country and industry samples: model with 3 categories 168
6.8 Introducing HUMAN_CAP into the model 169
x Tables
7.1 Hypotheses and variables 179
7.2 Types of business, by number of observations 182
7.3 Definitions of the samples 183
7.4 Some descriptive data on the samples 183
7.5 Types of contracts 184
7.6 Descriptive statistics for independent variables 184
7.7 Correlations (base sample) 185
7.8 Mulitinomial model 187
7.9 Subsamples home countries 197
7.10 Subsamples host countries 198
7.11 Subsamples international experience 199
7.12 Ordered model 201
7.13 Comparative statistics of M and O logit 202
7.14 Implied preference of M logit models 203
8.1 Characteristics of DFI projects 216
8.2 Summary of the theoretical arguments 217
8.3 The implications of distance and lack of experience 219
8.4 Summary of variables 228
8.5 Descriptive statistics for independent variables 229
8.6 Correlations of the independent variables 230
8.7 Logit models: form of ownership 232
8.8 Logit models: mode of entry 233
8.9 Logit models: mode of entry 234
8.10 Country patterns: residuals and their standard deviations 235 |
| any_adam_object | 1 |
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| dewey-search | 332.67/3/0947 21 |
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| discipline | Wirtschaftswissenschaften |
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| isbn | 1858987369 |
| language | English |
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| publishDate | 1998 |
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| series2 | New horizons in international business |
| spelling | Meyer, Klaus E. 1964- Verfasser (DE-588)130161969 aut Direct investment in economies in transition Klaus Meyer Cheltenham [u.a.] Elgar 1998 XII, 308 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier New horizons in international business Zugl.: London, Univ., Diss. investimento diretto straniero - * Europa orientale tessin-TR Investments, Foreign -- Europe, Eastern Direktinvestition (DE-588)4070496-8 gnd rswk-swf Osteuropa (DE-588)4075739-0 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Osteuropa (DE-588)4075739-0 g Direktinvestition (DE-588)4070496-8 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008205575&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Meyer, Klaus E. 1964- Direct investment in economies in transition investimento diretto straniero - * Europa orientale tessin-TR Investments, Foreign -- Europe, Eastern Direktinvestition (DE-588)4070496-8 gnd |
| subject_GND | (DE-588)4070496-8 (DE-588)4075739-0 (DE-588)4113937-9 |
| title | Direct investment in economies in transition |
| title_auth | Direct investment in economies in transition |
| title_exact_search | Direct investment in economies in transition |
| title_full | Direct investment in economies in transition Klaus Meyer |
| title_fullStr | Direct investment in economies in transition Klaus Meyer |
| title_full_unstemmed | Direct investment in economies in transition Klaus Meyer |
| title_short | Direct investment in economies in transition |
| title_sort | direct investment in economies in transition |
| topic | investimento diretto straniero - * Europa orientale tessin-TR Investments, Foreign -- Europe, Eastern Direktinvestition (DE-588)4070496-8 gnd |
| topic_facet | investimento diretto straniero - * Europa orientale Investments, Foreign -- Europe, Eastern Direktinvestition Osteuropa Hochschulschrift |
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