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Polish Direct Investments Abroad as an Instrument of Value Creation for Investors

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  • Zabolotnyy, Serhiy

Abstract

The research presented a financial approach to an issue of estimation of efficiency of the Polish foreign direct investments abroad (FDIA) as an instrument of value creation for investors. Besides the volume and distribution of Polish FDIA according to economic activity and geographical zone were analyzed. The volume of Polish FDIA outward position constantly grew due to an increase of equity capital, reinvested earnings and other capital in 2000-2012. The period after financial crisis (2010-2012) was characterized by a higher activity of Polish investors while the fluctuation of income from FDIA was mainly caused by a significant level of their concentration. Government bond yields were higher than return on FDIA that gave an evidence of relatively lower efficiency of FDIA.

Suggested Citation

  • Zabolotnyy, Serhiy, 2014. "Polish Direct Investments Abroad as an Instrument of Value Creation for Investors," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2014(6).
    • Handle: RePEc:ags:paaero:206029
    DOI: 10.22004/ag.econ.206029
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    File URL: https://ageconsearch.umn.edu/record/206029/files/16-6-Zabolotnyy.pdf
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    References listed on IDEAS

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    1. Miroslaw Wasilewski & Serhiy Zabolotnyy, 2013. "The Dependence Between Volatility of Share Prices and Shareholder Return of the Companies from WIG-Ukraine Index of Warsaw Stock Exchange," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 54-63, June.
    2. Steven Globerman, 1979. "Foreign Direct Investment and `Spillover' Efficiency Benefits in Canadian Manufacturing Industries," Canadian Journal of Economics, Canadian Economics Association, vol. 12(1), pages 42-56, February.
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    1. Zabolotnyy, Serhiy, 2015. "The Efficiency of Foreign Direct Investments in Poland – Does the Risk of Investing in Emerging Market Country Lead to a High Rate of Return?," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2015(6), December.

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