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A link between innovation performance and inward foreign direct investments: A case of Slovakia

Author

Listed:
  • Aneta Bobeni? Hinto?ová

    (Faculty of Business Economics in Ko?ice, University of Economics in Bratislava)

  • Michaela Bruothová

    (Faculty of Business Economics in Ko?ice, University of Economics in Bratislava)

Abstract

There are plenty of studies analysing foreign direct investment flows in connection with other factors, however not so many of them take into consideration also effects on innovation performance of a particular country. The present study investigates a link between macro-level innovation performance and inward foreign direct investments in conditions of Slovakia. The results of regression analysis covering the period between 2003-2017 showed that innovation performance measured by gross expenditures on research and development is negatively influenced by foreign direct investment inflows, especially by greenfield investment projects allocated in Slovakia. This negative effect is even more significant on lagged level, namely one year after the investment allocation.

Suggested Citation

  • Aneta Bobeni? Hinto?ová & Michaela Bruothová, 2019. "A link between innovation performance and inward foreign direct investments: A case of Slovakia," Proceedings of International Academic Conferences 9812114, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:9812114
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    More about this item

    Keywords

    innovation performance; inward foreign direct investment; greenfield investment; mergers and acquisitions;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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