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Autor
Cieślik Andrzej (University of Warsaw, Poland)
Tytuł
Determinants of MNE Activity in Poland : the Case of Firms from EU-15
Źródło
Entrepreneurial Business and Economics Review, 2017, vol. 5, nr 1, s. 151-167, tab., bibliogr. 59 poz.
Tytuł własny numeru
Retailing and Innovation
Słowa kluczowe
Inwestycje bezpośrednie, Inwestycje zagraniczne, Model ujemny dwumianowy, Przedsiębiorstwo wielonarodowe
Direct investments, Foreign investment, Negative binomial model, Multinational enterprise
Uwagi
Klasyfikacja JEL: F14, P33
summ., The article came into being within the project no. 2015/19/B/HS4/03230 entitled 'Determinants of Foreign Direct Investment in Poland' financed by National Science Centre conducted by Andrzej Cieślik in the years 2016-2018
Abstrakt
Objective: The main purpose of this paper is to validate empirically the theoretical predictions of the modified knowledge capital model of multinational enterprise and identify the main reasons for undertaking international production in Poland by foreign firms from the EU-15 countries.

Research Design & Methods: Our theoretical framework refers to the physical capital augmented knowledge capital model that combines both horizontal and vertical reasons for foreign direct investment. The empirical implementation of the theoretical framework is based on the negative binomial model and the bilateral dataset covering 15 old EU member states over the period 1989-2014 which yields a total of 390 observations.

Findings: Our estimation results indicate that the extent of multinational activity in Poland is positively related to both differences in relative factor endowments and similarity in the relative country size which confirms the importance of both reasons for undertaking foreign direct investment in Poland.

Implications & Recommendations: The empirical evidence confirms the predictions of the modified knowledge capital model and points to the horizontal as well as vertical motives for undertaking foreign direct investment in Poland. These findings suggest that government should not try to attract only one type of FDI.

Contribution & Value Added: The originality of this work lies in the empirical implementation of the theoretical framework that allows distinguishing between horizontal and vertical reasons for foreign direct investment. (original abstract)
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Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
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Bibliografia
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Cytowane przez
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ISSN
2353-883X
Język
eng
URI / DOI
http://dx.doi.org/10.15678/EBER.2017.050109
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