 Multinational companies from transition economies and their outward foreign direct investmentWladimir Andreff and Madeleine Andreff Russian Journal of Economics, 2017, vol. 3, issue 4, 445-474 Abstract: Multinational companies (MNCs) based in 26 post-communist transition economies (PTEs) emerged during the 1990s. Their outward foreign direct investment (OFDI) boomed dramatically from 2000 to 2007 in these countries, and then muddled through the financial crisis and great recession at difference paces on different paths. This difference is revealed in a sample of 15 PTEs for which data are available from 2000 to 2015. Most of these economies appear to be on the brink of moving from the second to the third stage of Dunning's investment development path. The geographical distribution of their OFDI favors host countries located in other PTEs, developed market economies, and tax havens while their industrial structure is more concentrated on services rather than on manufacturing and the primary sector. PTE-based MNCs primarily adopt a strategy of market-seeking OFDI. Keywords: F21; F23; M16; O57; P29; outward foreign direct investment; multinational companies; post-communist transition economies; investment development path; linkage-leverage-learning; push factors (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:rujoec:v:3:y:2017:i:4:p:445-474 DOI: 10.1016/j.ruje.2017.12.008 Access Statistics for this article Russian Journal of Economics is currently edited by Alexey Kudrin More articles in Russian Journal of Economics from Elsevier |
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