Browsing Working Papers (CEES) by Author "Ionascu, Delia"
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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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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)
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