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From spectator to walk-on to actor: An exploratory study of the internationalisation of Greek firms since 1989

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  • Athanasios Kalogeresis
  • Lois Labrianidis
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    Abstract

    The article follows the evolution of the Greek business activities in foreign countries. Based on two unique databases, the article acknowledges the existence of two sub-periods. More particularly, the years up to 1998 are characterized by two central elements, whose importance diminishes during the second period: the overwhelming significance of the Balkans (especially the countries bordering on Greece) and the hesitance of large Greek firms. In the second period, large firms make a dynamic entry, while some of them start behaving as real TNCs. However, the importance of small firms but also of the Balkans is preserved. As anticipated, with the shift of the morphological features of Greek entrepreneurial activity in foreign countries, the impact on the Greek economy also changes.

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    File URL: http://eaces.liuc.it/18242979201001/182429792010070105.pdf
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    Bibliographic Info

    Article provided by Cattaneo University (LIUC) in its journal The European Journal of Comparative Economics.

    Volume (Year): 7 (2010)
    Issue (Month): 1 (June)
    Pages: 121-143

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    Handle: RePEc:liu:liucej:v:7:y:2010:i:1:p:121-143

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    Related research

    Keywords: Greece; Delocalization; Outsourcing; FDI;

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    1. Blomström, Magnus & Kokko, Ari, 1994. "Home Country Effects of Foreign Direct Investment: Evidence from Sweden," CEPR Discussion Papers, C.E.P.R. Discussion Papers 931, C.E.P.R. Discussion Papers.
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