Productivity, Export Performance, and Financing of the Czech Corporate Sector: The Effects of Foreign Direct Investment
AbstractThe article looks in both theoretical and empirical terms at whether large foreign presence has affected domestic firms. Foreign firms might both intentionally and unintentionally influence the productivity, financing, and export performance of local firms within the same industry or across industries along the production chain via supplier and client linkages. Economic theory does not suggest an unambiguous answer to the question of whether the influence is positive or negative. To answer this question, both firm-level and industry-level data on performance, financing, and exports and interactions of firms within the production chain in the Czech Republic are analyzed.
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Bibliographic InfoArticle provided by Charles University Prague, Faculty of Social Sciences in its journal Finance a uver - Czech Journal of Economics and Finance.
Volume (Year): 58 (2008)
Issue (Month): 05-06 (August)
foreign direct investment; spillovers; productivity; corporate finance; export performance;
Find related papers by JEL classification:
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
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