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Operations Performed By Business Environment Institutions In The Process Of Foreign Investment Acquisition: A Case Study Of Investor Service Centres

Author

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  • Wieslawa Lizinska

    (University of Warmia and Mazury in Olsztyn, Poland)

  • Renata Marks-Bielska

    (University of Warmia and Mazury in Olsztyn, Poland)

  • Izabela Serocka

    (University of Warmia and Mazury in Olsztyn, Poland)

Abstract

The quality of institutions is important for economic growth and inflow of foreign direct investment. Business environment institutions may introduce certain adaptations of the conditions as a response to foreign investors’ expectations. The main objective of the research was to evaluate business environment institutions, exemplified herein by Investor Service Centres, in terms of their active participation in the process of attracting foreign investors. The empirical investigation (using questionnaire forms, carried out in the first half of 2013) was completed by employees of 10 centres (62.5%). COI employees use most of the available sources of information about foreign investors. COIs are very active in their information search, and do not resort to the simplest possibilities, for example the Internet. Foreign investors contacted offices having previously found relevant information about chosen investment locations. COIs actively cooperate with other institutions in order to attract foreign investors. They undertake various activities to reach this aim, most of which demand a high degree of engagement. Most often COI employees promoted available investment sites themselves rather than delegate this task to agencies. In order to improve the efficiency of COIs, they should strive towards building relationships between institutions.

Suggested Citation

  • Wieslawa Lizinska & Renata Marks-Bielska & Izabela Serocka, 2014. "Operations Performed By Business Environment Institutions In The Process Of Foreign Investment Acquisition: A Case Study Of Investor Service Centres," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 9(4), pages 65-78, December.
    • Handle: RePEc:pes:ierequ:v:9:y:2014:i:4:p:65-78
    DOI: 10.12775/EQUIL.2014.025
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    References listed on IDEAS

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    1. Yuko Kinoshita & Nauro F. Campos, 2003. "Why Does Fdi Go Where it Goes? New Evidence From the Transition Economies," IMF Working Papers 2003/228, International Monetary Fund.
    2. Shang-Jin Wei, 2000. "How Taxing is Corruption on International Investors?," The Review of Economics and Statistics, MIT Press, vol. 82(1), pages 1-11, February.
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    Cited by:

    1. Agnieszka Głodowska, 2017. "Business Environment and Economic Growth in the European Union Countries: What Can Be Explained for the Convergence?," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(4), pages 189-204.

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    More about this item

    Keywords

    business environment institutions; foreign investment; investor service centres;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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