Browsing by Author "Meyer, Klaus E."
Now showing items 1-17 of 17
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Insights from a New SurveyMeyer, Klaus E.; Ionascu, Delia; Kulawczuk, Przemyslaw; Szczesniak, Anna; Antal-Mokos, Zoltán; Tóth, Krisztina; Darskuvenie, Valdone (København, 2005)[More information][Less information]
Abstract: Foreign direct investment (FDI) in Central and Eastern Europe (CEE) has been maturing as the region prepared to join the European Union (EU). Since the beginning of transition the pattern of FDI has evolved, reflecting new business strategies pursued in anticipation of EU membership. Based on first results from a questionnaire survey conducted in 2003 in Hungary, Lithuania and Poland, we portray the recent patterns and developments in foreign investment, the motives for investment, and managers’ assessment of the local business environment. Some questions have been replicated from a study conducted in the emerging economies of Egypt, India, South Africa, and Vietnam, which allows us to benchmark FDI patterns in CEE against other emerging economies in different parts of the world. We find that find fewer changes over the period of the 1990s then we expected, but some interesting differences across the three countries in our study, and between CEE and other emerging economies. URI: http://hdl.handle.net/10398/7055 Files in this item: 1
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an evolutionary perspectiveLieb-Doczy, Enese E.; Meyer, Klaus E. (København, 2000)[More information][Less information]
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an analysis of ownership advantagesMeyer, Klaus E. (København, 1997)[More information][Less information]
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Meyer, Klaus E.; Tran, Yen Thi Thu; Nguyen, Hung Vo (København, 2005)[More information][Less information]
Abstract: Over the last thirty years, Vietnam evolved from "war after war" to an emerging economy with an attractive foreign investment policy and commitment to a liberalized economy. Although the GDP per capita is still considerably lower than in the Asian Tiger economies, and the institutional framework still reflects inheritances from the central plan system, Vietnam today has a vibrant economy with small businesses springing up at every street corner. Foreign investors have been flogging to Vietnam since the early 1990s, with a new peak of FDI inflow in 2004. This paper reviews the Vietnamese economy, society, culture, and policies towards foreign investment to inform those considering to invest in Vietnam, and to provide some practical advice. URI: http://hdl.handle.net/10398/7101 Files in this item: 1
wp58 doing business in vietnam.pdf (221.8Kb) -
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greenfield, acquisition, and brownfieldMeyer, Klaus E.; Estrin, Saul (København, 1999)[More information][Less information]
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Meyer, Klaus E.; Jensen, Camilla (København, 2004)[More information][Less information]
Abstract: The 1990s have been a period of extraordinary politics in Central and Eastern Europe (CEE). This chapter discusses how the transition from state to market has created bureaucratic barriers to entry, but also windows of opportunity for foreign direct investment (FDI). The high costs and high investment risks associated with FDI in CEE are a reflection the institutional development. Thus, inflows of FDI have been largest in those countries that made most progress in establishing a market-oriented institutional framework. After outlining trends of institutional change and their impact on FDI, this chapter discusses how aspects of the institutional framework and FDI policy affect diverse types of investment projects. Acquisition and Greenfield investors are concerned with different aspects of government policy: privatization and regulatory policies for acquirers and investment incentives, regional policy and special economic zones for Greenfield investors. The shifting policy priorities have thus changed the types of projects undertaken by foreign investors in the region. URI: http://hdl.handle.net/10398/7106 Files in this item: 1
governmentincee_wp.pdf (84.33Kb) -
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Abstract: Over the past decade, European businesses have accelerated internationalization, expanding within and beyond Europe. I argue that a major driving force behind this push towards global presence is the restructuring of corporate diversification strategies, which in turn is a result of gradual changes in industry structure and the institutional environment in home markets as well as global markets. The strategic change converts diversified conglomerates to global specialists in narrower niche markets. It brings them in direct confrontation with a small number of key competitors operating worldwide. On this stage, key competitive advantages are gained by making best use of resources across the world, and by effective global integration of operations. Hence de-diversification and internationalization are opposite sides of the same coin: globalfocusing. The argument is developed based on inductive case research of the restructuring in two Danish manufacturing enterprises, and a review of overall trends in Danish businesses. On this basis, I analyze the economic and institutional forces driving this process, and suggest propositions for empirical testing. The paper points to consequences of liberalization, and is thus of high relevance for managers and policy makers in countries that are not yet as open as Denmark. URI: http://hdl.handle.net/10398/6536 Files in this item: 1
ceeswp5-2003.pdf (830.2Kb) -
Ionascu, Delia; Meyer, Klaus E.; Estrin, Saul (København, 2004)[More information][Less information]
Abstract: The concept of ‘distance’ has been used by international business scholars to explain variations in international business strategies and operations across countries. The more distant a host country is from the organizational centre of a multinational enterprise (MNE), the more it has to manage cultural, regulatory and cognitive differences, and to develop appropriate entry strategies, organizational forms, and internal procedures to accommodate these differences. Scholarly research has focused on the concept of psychic distance, which has been narrowed down in empirical work to indices based on Hofstede’s work on culture. However, these measures capture only very partially the dimensions of distance of concern to international business. In this paper, we show how the broader theoretical concept of institutional distance, which incorporates normative, regulatory and cognitive aspects, affects entry strategies. Specifically, our theoretical arguments suggest that the impact of distance varies with different aspects of the concept of institutional distance, and that this impact interacts with both the investor’s experience and with the relative importance of the pertinent operation for the investing MNE. Using a unique dataset of foreign direct investment in emerging economies that incorporates multi-host as well as multi-home countries, we find empirical support for our propositions, and provide an explanation for apparently inconsistent results in the previous literature. URI: http://hdl.handle.net/10398/7116 Files in this item: 1
cees wp51 ionascu meyer estrin.pdf (548.5Kb) -
Danish experiences in Eastern GermanyMeyer, Klaus E.; Bjerg Møller, Inger (København, 1998)[More information][Less information]
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Meyer, Klaus E. (København, 1998)[More information][Less information]
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SME on the way to Eastern EuropeMeyer, Klaus E.; Tind, Ane; Jacobsen, Mår K. (København, 2000)[More information][Less information]
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internationalization of Danish and Austrian businessesKlinge Jacobsen, Mår; Meyer, Klaus E. (København, 1998)[More information][Less information]
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ressource-based and organizational learning perspectivesUhlenbruck, Klaus; Meyer, Klaus E.; Hitt, Michael A. (København, 2000)[More information][Less information]
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The Emergence of Stakeholder CapitalismMeyer, Klaus E. (København, 2003)[More information][Less information]
Abstract: An unintended outcome of transition is the emergence of new forms of governance. Stakeholders other than shareholders influence corporate management to a higher degree than in mature market economies. Employees gained influence through ownership stakes or work councils, while elsewhere investment funds or governmental authorities retain influence via equity stakes or otherwise. This paper reviews privatisation and the newly created forms of private ownership to document the evolution of stakeholder capitalism and to discuss the opportunities and dangers that it may create for businesses in the region. URI: http://hdl.handle.net/10398/7088 Files in this item: 1
int wp 2003.pdf (192.8Kb) -
A Meta AnalysisMeyer, Klaus E.; Sinani, Evis (København, 2005)[More information][Less information]
Abstract: The extensive empirical literature analyzing productivity spillovers from foreign direct investment to local firms provides inconclusive results. Some studies find that foreign presence has a positive impact on the productivity of domestic firms, while others find no evidence or a negative effect. Differences in the results may be attributable to contexts, such as the structural differences between developed, developing and transition economies. However, results may also vary due to different empirical methodologies, notably the use of aggregate versus firm-level data and cross-section versus panel data analysis. We conduct a meta-analysis to investigate reasons for these conflicting results, and provide a revised interpretation of earlier research and its policy implications, and new priorities for future research. Our analysis suggests that the hypothesized spillovers are not confirmed for industrialized countries in the 1990s. Transition economies may experience spillovers, but these have been declining in recent years. Keywords: developing countries, transition economies, spillovers, foreign direct investment, technology transfer, meta-analysis URI: http://hdl.handle.net/10398/6540 Files in this item: 1
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a survey with special focus on KazakhstanMeyer, Klaus E.; Pind, Christina (København, 1998)[More information][Less information]
Now showing items 1-17 of 17