Why do Russian firms invest abroad? A firm level analysis

Amar Anwar and Mazhar Mughal

MPRA Paper from University Library of Munich, Germany

Abstract: This study examines the motives for Russian outward foreign direct investments (OFDI) around the world. Using firm-level data for Russian firms, home and host country economic, geographical, cultural and institutional drivers of Russian OFDI are analyzed. Findings show that Russian OFDI seems to be motivated by both the push and the pull factors. Results suggest market-seeking to be the main motive behind Russian outward foreign direct investments, followed by resource and technology acquisition, while efficiency-seeking does not appear to be a major objective. Compared with the pre-crisis period, Russian firms have been seeking more foreign investments since 2008. The study helps better understand the economic, geographical, cultural and institutional factors that Russian transnational corporations consider while planning investments abroad.

Keywords: Outward Foreign Direct Investment; 2008 financial crisis; Russia (search for similar items in EconPapers)
JEL-codes: F23 G01 O53 (search for similar items in EconPapers)
Date: 2014-06-24
New Economics Papers: this item is included in nep-bec, nep-cis, nep-cse, nep-int and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Why do Russian firms invest abroad? A firm level analysis (2014)
Working Paper: Why do Russian firms invest abroad? A firm level analysis (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:58178

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