Emerging Multinationals and the Role of Virtual Indirect Investors

Magdolna Sass, Katalin Antalóczy and Andrea Élteto

Eastern European Economics, 2012, vol. 50, issue 2, 41-58

Abstract: Hungary is a leading foreign investor among the new member states of the European Union and among the Visegrád countries. It started to invest abroad earlier than other countries of the region, and thus the stock of outward foreign direct investment (OFDI) is higher than in other countries of the region, with the exception of Slovenia. The paper analyzes trends, developments, and characteristics in Hungarian OFDI through the available data and company case studies of the leading investors. On the basis of the company case studies, we introduce the notion of "virtual indirect" investors, which may enhance our understanding of the developments of OFDI—and not just in Hungary.

Date: 2012
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