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Foreign direct investment in Central Europe:: Experiences of major Western investors

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  • Pye, Robert

Abstract

This paper examines major investments by Western companies in Central Europe between 1989 and 1996. The results indicate that investors are primarily motivated to enter these transition economies on the basis of host country specific market factors, although the opportunity to gain first mover advantages or comparative labour cost advantages were also important elements in the investment equation. Subsequently, while investors have utilized various modes of investment to enter these new markets, there is a clear move to consolidate their shareholding positions. Finally, the signs are encouraging as the level of performance in many local firms seems to be improving.

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  • Pye, Robert, 1998. "Foreign direct investment in Central Europe:: Experiences of major Western investors," European Management Journal, Elsevier, vol. 16(4), pages 378-389, August.
    • Handle: RePEc:eee:eurman:v:16:y:1998:i:4:p:378-389
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    Cited by:

    1. Robert B.K. Pye, 2000. "The Evolution of the Insurance Sector in Central and Eastern Europe and the Former Soviet Union," William Davidson Institute Working Papers Series 336, William Davidson Institute at the University of Michigan.
    2. Gomes Nogueira, Caroline & Padilla, Ramón, 2015. "Determinants and home-country effects of FDI outflows: Evidence from Latin American countries," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 38914, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Sass, Magdolna, 2004. "FDI in Hungary - the first mover's advantage and disadvantage," EIB Papers 8/2004, European Investment Bank, Economics Department.
    4. Piteli, Eleni E.N., 2009. "Foreign Direct Investment in Developed Economies: A Comparison between European and non - European Countries," Papers DYNREG44, Economic and Social Research Institute (ESRI).
    5. Richard C. Torrisi & Christian J. Delaunay & Agata Kocia & Marta Lubieniecka, 2009. "FDI in Poland: Determinants and Implications for Countries in Transition," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 23.
    6. La-Bhus Fah Jirasavetakul & Jesmin Rahman, 2018. "Foreign Direct Investment in New Member State of the EU and Western Balkans: Taking Stock and Assessing Prospects," IMF Working Papers 2018/187, International Monetary Fund.
    7. Jan Mišun & Vladimír Tomšík, 2002. "Foreign direct investment in central europe - does it crowd in domestic investment?," Prague Economic Papers, Prague University of Economics and Business, vol. 2002(1), pages 57-66.
    8. Yusaf H. Akbar & Sonia Ferencikova, 2007. "Industrial Clustering and Global Value Chains in Central and Eastern Europe: Role of Multinational Enterprises in Industrial Upgrading," Prague Economic Papers, Prague University of Economics and Business, vol. 2007(3), pages 237-251.
    9. Eva Ryšavá & Elisa Galeotti, 2009. "Determinants of FDI in Czech Manufacturing Industries between 2000-2006," Working Papers IES 2009/17, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Apr 2009.
    10. Sels, A.T.H., 2006. "Foreign direct investment as an entry mode. An application in emerging economies," Other publications TiSEM 583ca9b5-1691-425d-8f77-0, Tilburg University, School of Economics and Management.

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