Pub Date : 2016-07-27DOI: 10.18045/ZBEFRI.2016.1.147
J. Zwolak
The purpose of this research is to determine if there is any correlation between the sale of new or significantly improved products and the physical capital and human capital in the Polish industry between 2011 and 2013. In the quantitative analysis a Cobb-Douglas regression model has been used and together with its parameters it has obtained results which indicate a higher degree of flexibility of the sale of new and significantly improved goods relative to real capital expenditure streams (0.868) than human capital investment flows (0.190). The model of innovation growth rate (Cobb-Douglas theory) indicates that the flexibility of sold production of new and significantly improved goods can be equal to unity. The research has found regression dependence of new and substantively improved products sold on the physical and human capital expenditure. Thus, there is an imbalance of these capitals in the impact on the volatility of sold production of new and significantly improved goods in the industry. The above-specified production relative to the combined effect of real and human capital investment flows was growing more than proportionally (1.058) in the industry in the years 2011–2013. The current potential for innovation with an unchanged production method allows us to obtain increasing economies of scale of production sold of new and significantly improved goods in the Polish industry. The conducted research shows that the impact of human capital (0.190) amounts only to one-fifth of the potential opportunities available in the Polish industry.
{"title":"Innovative Undertakings in the Polish Industry","authors":"J. Zwolak","doi":"10.18045/ZBEFRI.2016.1.147","DOIUrl":"https://doi.org/10.18045/ZBEFRI.2016.1.147","url":null,"abstract":"The purpose of this research is to determine if there is any correlation between the sale of new or significantly improved products and the physical capital and human capital in the Polish industry between 2011 and 2013. In the quantitative analysis a Cobb-Douglas regression model has been used and together with its parameters it has obtained results which indicate a higher degree of flexibility of the sale of new and significantly improved goods relative to real capital expenditure streams (0.868) than human capital investment flows (0.190). The model of innovation growth rate (Cobb-Douglas theory) indicates that the flexibility of sold production of new and significantly improved goods can be equal to unity. The research has found regression dependence of new and substantively improved products sold on the physical and human capital expenditure. Thus, there is an imbalance of these capitals in the impact on the volatility of sold production of new and significantly improved goods in the industry. The above-specified production relative to the combined effect of real and human capital investment flows was growing more than proportionally (1.058) in the industry in the years 2011–2013. The current potential for innovation with an unchanged production method allows us to obtain increasing economies of scale of production sold of new and significantly improved goods in the Polish industry. The conducted research shows that the impact of human capital (0.190) amounts only to one-fifth of the potential opportunities available in the Polish industry.","PeriodicalId":159491,"journal":{"name":"ERN: Empirical Studies of Firms & Industries in Transitional Economies (Topic)","volume":"13 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124193846","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Russian Abstract: Основной целью работы является установление закономерностей, присущих поведению экспортеров при формировании цены экспорта и объяснение этих закономерностей механизмами, следующими из теоретических моделей международной торговли.English Abstract: The main purpose of the work is to establish the regularities inherent in the behavior of exporters in the formation of export prices and an explanation of the mechanisms of these laws, the following theoretical models of international trade.
{"title":"Исследование Факторов, Влияющих На Цены Российских Экспортеров На Мировых Рынках (A Study of Factors Affecting the Price of Russian Exporters on World Markets)","authors":"Alexander Knobel, D. Kuznetsov, V. Sedalishchev","doi":"10.2139/ssrn.2812168","DOIUrl":"https://doi.org/10.2139/ssrn.2812168","url":null,"abstract":"Russian Abstract: Основной целью работы является установление закономерностей, присущих поведению экспортеров при формировании цены экспорта и объяснение этих закономерностей механизмами, следующими из теоретических моделей международной торговли.English Abstract: The main purpose of the work is to establish the regularities inherent in the behavior of exporters in the formation of export prices and an explanation of the mechanisms of these laws, the following theoretical models of international trade.","PeriodicalId":159491,"journal":{"name":"ERN: Empirical Studies of Firms & Industries in Transitional Economies (Topic)","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123417289","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We investigate the drivers of firm level productivity in catching-up economies by jointly estimating its relationship to innovation and competition using data from the EBRD-WB Business Environment and Enterprise Performance Survey (BEEPS) in Eastern Europe and Central Asia. The findings confirm an inverted-U shaped impact of competition on R&D. Both competition and innovation have a simultaneous positive effect on labour productivity in terms of either sales or value added per employee, as does a high share of university graduates and foreign ownership. Further positive impacts come from firm size, exports, or population density. Innovation and foreign ownership appear to be the strongest drivers of multifactor productivity.
{"title":"Innovation, Competition and Productivity: Firm Level Evidence for Eastern Europe and Central Asia","authors":"Klaus S. Friesenbichler, M. Peneder","doi":"10.2139/ssrn.2764249","DOIUrl":"https://doi.org/10.2139/ssrn.2764249","url":null,"abstract":"We investigate the drivers of firm level productivity in catching-up economies by jointly estimating its relationship to innovation and competition using data from the EBRD-WB Business Environment and Enterprise Performance Survey (BEEPS) in Eastern Europe and Central Asia. The findings confirm an inverted-U shaped impact of competition on R&D. Both competition and innovation have a simultaneous positive effect on labour productivity in terms of either sales or value added per employee, as does a high share of university graduates and foreign ownership. Further positive impacts come from firm size, exports, or population density. Innovation and foreign ownership appear to be the strongest drivers of multifactor productivity.","PeriodicalId":159491,"journal":{"name":"ERN: Empirical Studies of Firms & Industries in Transitional Economies (Topic)","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133699962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2015-10-27DOI: 10.7551/mitpress/10939.003.0008
M. Sokolova
How exporters choose currency for their exports? Using highly disaggregated data on the population of Russian Federation exporting firms between 2005 and 2009 this paper studies the strategic determinants of currency invoicing decisions. Strategic morives embrace two occurrences in currency choice: firstly, the realisation of bargaining powers of the seller and the buyer, where I perform a novel firm-level test. Notably, in contrast to the micro and macro determinants, bargaining powers are found to have different effect on currency choice at the aggregate and firm level. On the industry level, higher bargaining power of the participating countries lessens the reliance on “vehicle” currency and increases the probability of use of the trading partners’ currencies, whereas the increase of the firm level bargaining power increases the probability of application of the vehicle currency. This indicates that the firm-level dimension should be taken into account when making inferences on currency denomination. Secondly, strategic currency choice determinants include competition-enhanced characteristics of international trade: the novel evidence suggests the firm-level currency choice “mimicking” between the firms and the preference of vehicle currency for the relatively cheaper goods. The robustness of these results is tested among the subsamples of heterogeneous exporters sizes and I find that the expansion of the bilateral trading partners’ currencies usage is mostly sourced from the smaller exporters. On the whole, the results of this paper support the “bargaining over invoicing” theory, which indicates that increases in firms’ export size change the buyer’s and seller’s preferences over currency invoicing.
{"title":"Strategic Currency Choice in International Trade","authors":"M. Sokolova","doi":"10.7551/mitpress/10939.003.0008","DOIUrl":"https://doi.org/10.7551/mitpress/10939.003.0008","url":null,"abstract":"How exporters choose currency for their exports? Using highly disaggregated data on the population of Russian Federation exporting firms between 2005 and 2009 this paper studies the strategic determinants of currency invoicing decisions. Strategic morives embrace two occurrences in currency choice: firstly, the realisation of bargaining powers of the seller and the buyer, where I perform a novel firm-level test. Notably, in contrast to the micro and macro determinants, bargaining powers are found to have different effect on currency choice at the aggregate and firm level. On the industry level, higher bargaining power of the participating countries lessens the reliance on “vehicle” currency and increases the probability of use of the trading partners’ currencies, whereas the increase of the firm level bargaining power increases the probability of application of the vehicle currency. This indicates that the firm-level dimension should be taken into account when making inferences on currency denomination. Secondly, strategic currency choice determinants include competition-enhanced characteristics of international trade: the novel evidence suggests the firm-level currency choice “mimicking” between the firms and the preference of vehicle currency for the relatively cheaper goods. The robustness of these results is tested among the subsamples of heterogeneous exporters sizes and I find that the expansion of the bilateral trading partners’ currencies usage is mostly sourced from the smaller exporters. On the whole, the results of this paper support the “bargaining over invoicing” theory, which indicates that increases in firms’ export size change the buyer’s and seller’s preferences over currency invoicing.","PeriodicalId":159491,"journal":{"name":"ERN: Empirical Studies of Firms & Industries in Transitional Economies (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129980384","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper builds a banking DSGE model with endogenous loan-to-value ratios which capture complex relationships between banks and rms. Reecting the relationship between banks and enterprises, the loan-to-value ratio for state-owned enterprises is endogenously greater than that for private enterprises in China. This is referred to the discriminatory credit constraints in this paper. Compared to the case without, existence of discriminatory credit constraints can amplify the impacts of negative technology shocks on output, and reduce the eectiveness of expansionary monetary policy. Empirical evidence from Chinese industrial rms supports our conclusion.
{"title":"The Impact of Discriminatory Credit Constraints on Macroeconomy: An Estimated Banking DSGE Model with Endogenous Loan-to-Value Ratios","authors":"Yuchao Peng, Lili Yan","doi":"10.2139/ssrn.2573184","DOIUrl":"https://doi.org/10.2139/ssrn.2573184","url":null,"abstract":"This paper builds a banking DSGE model with endogenous loan-to-value ratios which capture complex relationships between banks and rms. Reecting the relationship between banks and enterprises, the loan-to-value ratio for state-owned enterprises is endogenously greater than that for private enterprises in China. This is referred to the discriminatory credit constraints in this paper. Compared to the case without, existence of discriminatory credit constraints can amplify the impacts of negative technology shocks on output, and reduce the eectiveness of expansionary monetary policy. Empirical evidence from Chinese industrial rms supports our conclusion.","PeriodicalId":159491,"journal":{"name":"ERN: Empirical Studies of Firms & Industries in Transitional Economies (Topic)","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134646361","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Purpose – The present paper aims to investigate the impact of two different dimensions of supply chain integration on two aspects of firm performance in the emerging economy of China. In addition, the moderating effects of market orientation on the relationship between supply chain integration and firm performance are explored.Design/methodology/approach – Data were obtained from a survey administered to 246 firms in the manufacturing and services industry in China. Hierarchical regression analysis was used to test the hypotheses.Findings – Operational coordination is positively associated with operational performance and business performance. Information sharing affects only operational performance; it has no impact on business performance. Furthermore, the results provide empirical support for the moderating effects of market orientation on the association of supply chain integration and firm performance.Originality/value – The current paper contributes knowledge on the value‐realizing mechanism of supp...
{"title":"Effects of Supply Chain Integration and Market Orientation on Firm Performance: Evidence from China","authors":"Hefu Liu, Weiling Ke, K. Wei, Zhongsheng Hua","doi":"10.2139/ssrn.2442771","DOIUrl":"https://doi.org/10.2139/ssrn.2442771","url":null,"abstract":"Purpose – The present paper aims to investigate the impact of two different dimensions of supply chain integration on two aspects of firm performance in the emerging economy of China. In addition, the moderating effects of market orientation on the relationship between supply chain integration and firm performance are explored.Design/methodology/approach – Data were obtained from a survey administered to 246 firms in the manufacturing and services industry in China. Hierarchical regression analysis was used to test the hypotheses.Findings – Operational coordination is positively associated with operational performance and business performance. Information sharing affects only operational performance; it has no impact on business performance. Furthermore, the results provide empirical support for the moderating effects of market orientation on the association of supply chain integration and firm performance.Originality/value – The current paper contributes knowledge on the value‐realizing mechanism of supp...","PeriodicalId":159491,"journal":{"name":"ERN: Empirical Studies of Firms & Industries in Transitional Economies (Topic)","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126466978","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In this study we documents what determines the FDI and entry modes of emerging multinational enterprises from Poland across different sectors in the years 2003-2010. Using an original database on international acquisitions and greenfield foreign investments of Polish firms we find that market-seeking factors are important determinants of foreign investments regardless of the entry mode of the Polish companies. However, they seem to be more important for the industry sector including manufacturing than for investments in service sector. Moreover, we find that Polish multination’s prefer to invest in host countries that are close to their home countries. Again, the proximity between the home and host country have been especially relevant for greenfield investments and acquisitions in the industry sector including manufacturing than for investments in service sector abroad.
{"title":"Determinants of FDI and Entry Modes of Polish Multinational Enterprises","authors":"Oskar Kowalewski, M. Radło","doi":"10.2139/ssrn.2145866","DOIUrl":"https://doi.org/10.2139/ssrn.2145866","url":null,"abstract":"In this study we documents what determines the FDI and entry modes of emerging multinational enterprises from Poland across different sectors in the years 2003-2010. Using an original database on international acquisitions and greenfield foreign investments of Polish firms we find that market-seeking factors are important determinants of foreign investments regardless of the entry mode of the Polish companies. However, they seem to be more important for the industry sector including manufacturing than for investments in service sector. Moreover, we find that Polish multination’s prefer to invest in host countries that are close to their home countries. Again, the proximity between the home and host country have been especially relevant for greenfield investments and acquisitions in the industry sector including manufacturing than for investments in service sector abroad.","PeriodicalId":159491,"journal":{"name":"ERN: Empirical Studies of Firms & Industries in Transitional Economies (Topic)","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128540790","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2012-09-01DOI: 10.1111/j.1753-0237.2012.00214.x
A. Heshmati, Yeon-Su Kim
This study specifies and estimates a model to investigate the relationship between different phases of the electricity industry and market. These include the generation, transmission, distribution and demand segments. Common variables that explain these segments are identified and their effects estimated. Korean time series data from the period 1961 to 2008 are considered for the empirical analysis. In the study, a series of steps is conducted. First, using cointegration and causality tests, the relationships between the variables of interest are established. Second, each phase is specified as a function of its determinants. Third, the phases are then estimated as an interdependent recursive system. By using the predicted values of variables from the previous phases, a possible endogeneity problem is avoided. Fourth, a model for the forecast is specified and estimated, and the future demand predicted. Finally, based on the results, policy guidelines are suggested to improve the market structure of the industry, and measures are proposed to achieve the stated goals of the industry and market.
{"title":"Time Series Analysis of Interdependent Phases of the Electricity Industry in South Korea","authors":"A. Heshmati, Yeon-Su Kim","doi":"10.1111/j.1753-0237.2012.00214.x","DOIUrl":"https://doi.org/10.1111/j.1753-0237.2012.00214.x","url":null,"abstract":"This study specifies and estimates a model to investigate the relationship between different phases of the electricity industry and market. These include the generation, transmission, distribution and demand segments. Common variables that explain these segments are identified and their effects estimated. Korean time series data from the period 1961 to 2008 are considered for the empirical analysis. In the study, a series of steps is conducted. First, using cointegration and causality tests, the relationships between the variables of interest are established. Second, each phase is specified as a function of its determinants. Third, the phases are then estimated as an interdependent recursive system. By using the predicted values of variables from the previous phases, a possible endogeneity problem is avoided. Fourth, a model for the forecast is specified and estimated, and the future demand predicted. Finally, based on the results, policy guidelines are suggested to improve the market structure of the industry, and measures are proposed to achieve the stated goals of the industry and market.","PeriodicalId":159491,"journal":{"name":"ERN: Empirical Studies of Firms & Industries in Transitional Economies (Topic)","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127533817","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In order to ensure the financial sustainability of companies under current economic conditions successful management of current assets is crucial. In practice it is quite often observed that the decisions related to current assets management in Latvian companies are made in the short-term aspects without making analysis. Efficient management of working capital is an essential condition of rise in profitability of a company. Potentialities of working capital management in the context of efficient running of business have not been studied in Latvia up until now. The main aim of this article is to examine the effect of working capital on profitability of Latvian companies. The results of the research that has been performed in relation to Latvian manufacturing enterprises confirm the existence of a correlation [tie?] between components of working capital and profitability. The developed regression equations meant for forecasting profitability of a company applying working capital management methods can be used by Latvian manufacturing enterprises. It follows that managers of an enterprise can forecast indexes characterizing profit, managing components of working capital and maintaining it on the optimum level.
{"title":"The Relationship between Working Capital Management and Profitability: A Latvian Case","authors":"I. Arbidāne, S. Ignatjeva","doi":"10.2139/ssrn.2128447","DOIUrl":"https://doi.org/10.2139/ssrn.2128447","url":null,"abstract":"In order to ensure the financial sustainability of companies under current economic conditions successful management of current assets is crucial. In practice it is quite often observed that the decisions related to current assets management in Latvian companies are made in the short-term aspects without making analysis. Efficient management of working capital is an essential condition of rise in profitability of a company. Potentialities of working capital management in the context of efficient running of business have not been studied in Latvia up until now. The main aim of this article is to examine the effect of working capital on profitability of Latvian companies. The results of the research that has been performed in relation to Latvian manufacturing enterprises confirm the existence of a correlation [tie?] between components of working capital and profitability. The developed regression equations meant for forecasting profitability of a company applying working capital management methods can be used by Latvian manufacturing enterprises. It follows that managers of an enterprise can forecast indexes characterizing profit, managing components of working capital and maintaining it on the optimum level.","PeriodicalId":159491,"journal":{"name":"ERN: Empirical Studies of Firms & Industries in Transitional Economies (Topic)","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124481490","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A. Chidlow, Christine Holmstrom-Lind, Ulf Holm, H. Tuselmann
The issue of location-specific factors of a multinational company???s activities has long been investigated by international business scholars. To our knowledge, however, all these studies have put attention on the pre-entry location decision of foreign subsidiaries, rather than the post-entry decision. As such, by incorporating a regional perspective into the study of a subsidiary???s development this work offers an understanding of the importance of location-specific factors for the post-entry development of a multinational company???s subsidiaries at the regional level. The empirical analysis, used in this work, utilises a discrete-choice model with primary data from an online survey of 91 foreign-owned subsidiaries in Poland. The results demonstrate that the Mazowieckie region is the most attractive location for post-entry subsidiary development if knowledge-seeking factors are important to MNCs. Further, the findings indicate that South-East and South-West regions are more favoured for post-entry subsidiary development when efficiency-seeking factors are important to multinational companies. The findings also show that none of the examined regions are significant for the post-entry subsidiary???s development if agglomerations factors and infrastructure are important to multinational companies.
{"title":"Regional Motives for Post-Entry Subsidiary Development: The Case of Poland","authors":"A. Chidlow, Christine Holmstrom-Lind, Ulf Holm, H. Tuselmann","doi":"10.2139/ssrn.2188396","DOIUrl":"https://doi.org/10.2139/ssrn.2188396","url":null,"abstract":"The issue of location-specific factors of a multinational company???s activities has long been investigated by international business scholars. To our knowledge, however, all these studies have put attention on the pre-entry location decision of foreign subsidiaries, rather than the post-entry decision. As such, by incorporating a regional perspective into the study of a subsidiary???s development this work offers an understanding of the importance of location-specific factors for the post-entry development of a multinational company???s subsidiaries at the regional level. The empirical analysis, used in this work, utilises a discrete-choice model with primary data from an online survey of 91 foreign-owned subsidiaries in Poland. The results demonstrate that the Mazowieckie region is the most attractive location for post-entry subsidiary development if knowledge-seeking factors are important to MNCs. Further, the findings indicate that South-East and South-West regions are more favoured for post-entry subsidiary development when efficiency-seeking factors are important to multinational companies. The findings also show that none of the examined regions are significant for the post-entry subsidiary???s development if agglomerations factors and infrastructure are important to multinational companies.","PeriodicalId":159491,"journal":{"name":"ERN: Empirical Studies of Firms & Industries in Transitional Economies (Topic)","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128374475","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：