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Internationalisation through the Warsaw Stock Exchange: an empirical analysis

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  • Witold Wilinski

Abstract

This article presents the results of empirical research relating to internationalisation of Polish companies. The analysis relates mainly to motives for undertaking investment, methods of financing, ownership structure and one aspect of institutional environment, i.e. the Polish mandatory pension fund system. The research was based on a sample of 400 large and medium-size companies listed on the Warsaw Stock Exchange, out of which 96 companies conducting international activities were selected. The time range covers the years 2000--10, and in the case of annual financial statements 2009 is the last year of the research period. The results may be helpful both in further theoretical analyses of internationalisation of companies from CEE and other emerging markets and may also represent a significant practical value for the management of the companies.

Suggested Citation

  • Witold Wilinski, 2012. "Internationalisation through the Warsaw Stock Exchange: an empirical analysis," Post-Communist Economies, Taylor & Francis Journals, vol. 24(1), pages 145-154, September.
    • Handle: RePEc:taf:pocoec:v:24:y:2012:i:1:p:145-154
    DOI: 10.1080/14631377.2012.647634
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    References listed on IDEAS

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    1. Kálmán Kalotay, 2004. "Outward FDI from Central and Eastern European Countries," Economic Change and Restructuring, Springer, vol. 37(2), pages 141-172, June.
    2. Narula, Rajneesh, 2010. "Much ado about nothing, or sirens of a brave new world?: MNE activity from developing countries and its significance for development," MERIT Working Papers 2010-021, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
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    Cited by:

    1. Lechowski, Grzegorz, 2019. "Beyond "dependent development" in a high-tech industry? The interplay between domestic institutions and transnational sectoral governance in the trajectories of emerging Polish IT firms [," Discussion Papers, Research Group Globalization, Work, and Production SP III 2018-302r, WZB Berlin Social Science Center, revised 2019.
    2. Lechowski, Grzegorz, 2018. "Beyond "dependent development" in a high-tech industry? The interplay between domestic institutions and transnational sectoral governance in the trajectories of emerging Polish IT firms," Discussion Papers, Research Group Globalization, Work, and Production SP III 2018-302, WZB Berlin Social Science Center.

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