Acquisitions, Institutions and Policy

Klaus Meyer and Saul Estrin
Additional contact information
Saul Estrin: London Business School

Chapter 8 in Acquisition Strategies in European Emerging Markets, 2007, pp 94-113 from Palgrave Macmillan

Abstract: Abstract Foreign investors and local institutions have a great influence on each other. Foreign investors adapt to requirements imposed on them by local institutions, and adapt to local market conditions that are shaped by local institutions. However, foreign investors directly and indirectly influence local institutions through their interactions with local businesses, individuals and policy makers. This is a two way process; local policy makers in turn aim to influence institutions, notably the legal framework, in ways that influence the patterns of foreign investment and its interactions with local stakeholders. The result is a complex interaction between economic agents, including foreign investors, political agents and the institutional environment governing them all, which we try to represent in Figure 8.1. This chapter traces these interdependencies in European emerging markets (EEE), as they emerge from both the survey and the case evidence. All of these elements are fundamentally influenced by the fact that the three countries, and therefore their institutions and business environment, are in the process of transition from communist planning to free markets planning, as well as having recently joined the European Union (EU).

Keywords: European Union; Foreign Investor; Institutional Environment; Foreign Firm; Business Environment (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28654-2_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230286542

DOI: 10.1057/9780230286542_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().