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Autor
Sass Magdolna (Hungarian Academy of Sciences, Budapest, Hungary), Éltető Andrea (Hungarian Academy of Sciences, Budapest, Hungary), Antalóczy Katalin (Budapest Business School)
Tytuł
Outward FDI from Hungary : the Emergence of Hungarian Multinationals
Źródło
Entrepreneurial Business and Economics Review, 2014, vol. 2, nr 3, s. 47-62, rys., bibliogr. 29 poz.
Tytuł własny numeru
FDI in Central Europe
Słowa kluczowe
Inwestycje bezpośrednie, Inwestycje zagraniczne, Inwestowanie
Direct investments, Foreign investment, Investing
Uwagi
summ.
Firma/Organizacja

Kraj/Region
Węgry
Hungary
Abstrakt
Objective: Hungary is a leading outward foreign investor among the new member states of the European Union. Our research question is what those factors are which enabled Hungarian companies to expand abroad successfully.

Research Design & Methods: Our methodology is based on company case studies of the leading investors and other randomly selected companies with foreign investment.

Findings: Our main findings include the specific ownership advantages (OA) of privatised companies, with links to their heritage from the pre-transition period.

Implications & Recommendations: For companies established after 1990, OA is more similar to that of "traditional multinationals." Second, we make a link between "virtual indirect" investors and this specific OA, showing how the strong position and specific knowledge of the management are interrelated in developing and changing the OA.

Contribution & Value Added: On the basis of our research, the policy dimension concerns, first of all, the role of increasing local competition due to increased investments by foreign multinationals. This enables a few local companies to enhance their level of competitiveness to such level where they themselves will be able to become successful foreign investors. Second, highly innovative companies in small market niches are able to internationalise successfully even in the post-transition environment. Fostering R&D is thus an important tool for trade and investment policy as well. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
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Bibliografia
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  11. Lessard, D., & Lucea, R. (2009). Mexican multinationals: insights from CEMEX. In Emerging Multinationals in Emerging Markets (pp. 280-311). Cambridge: Cambridge University Press.
  12. Li Sun, S., Peng, M.W., Ren, B., & Yan, D. (2012). A comparative ownership advantage framework for cross-border M&As: The rise of Chinese and Indian MNEs. Journal of World Business, 47. 4-16.
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  23. Rugraff, E. (2010). Strengths and weaknesses of the outward FDI paths of the Central European countries. Post-Communist Economies, 22(1), 1-17.
  24. Sass, M. (2012). Internationalisation of innovative SMEs in the Hungarian medical precision instruments industry. Post-Communist Economies, 24(3), 365-382.
  25. Sass, M., Antalóczy, K., & Éltető, A. (2012). Emerging multinationals and the role of virtual indirect investors: the case of Hungary. Eastern European Economics, 50(2), 41-58.
  26. Sass, M., & Kalotay, K. (2011), Hungary: outward FDI and its policy context 2010. In K.P. Sauvant, Jost, T., Davies, K.,& Poveda Garcés, A.-M. (Eds.), Inward and outward FDI country profiles (pp. 115-129). New York: Vale Columbia Center on Sustainable International Investment.
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Cytowane przez
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ISSN
2353-883X
Język
eng
URI / DOI
http://dx.doi.org/10.15678/EBER.2014.020305
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