Arbeitspapier
FDI by early movers, followers and latecomers: timing of entry by German firms during transition in the Czech Republic
Theoretical considerations suggest that the option of waiting under conditions of uncertainty affects the relative importance of firm-level productivity and distance-related transaction costs as driving forces of FDI. Yet the timing of FDI has received little attention in the empirical literature on FDI determinants. To help close this gap we analyze FDI decisions by German firms with and without affiliates in the Czech Republic at different stages of transition. We find that FDI entry strongly depends on firm productivity immediately after the political and economic regime change, but less so with diminishing uncertainty. Likewise, distance-related transaction costs discourage FDI by latecomers considerably less than FDI by early movers.
- Language
-
Englisch
- Bibliographic citation
-
Series: Kiel Working Paper ; No. 1571
- Classification
-
Wirtschaft
Multinational Firms; International Business
- Subject
-
Multinational enterprises
firm-level productivity
distance
timing of FDI
Direktinvestition
Zeit
Multinationales Unternehmen
Deutsch
Internationale Markteintrittsstrategie
Produktivität
Entfernung
Transaktionskosten
Deutschland
Tschechische Republik
- Event
-
Geistige Schöpfung
- (who)
-
Mühlen, Henning
Nunnenkamp, Peter
- Event
-
Veröffentlichung
- (who)
-
Kiel Institute for the World Economy (IfW)
- (where)
-
Kiel
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Mühlen, Henning
- Nunnenkamp, Peter
- Kiel Institute for the World Economy (IfW)
Time of origin
- 2009
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