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On the Investment Attractiveness of Ukrainian Companies

Author

Listed:
  • Natálie Veselá

    (Mendel University in Brno, Czech Republic)

  • Volodymyr Rodchenko

    (Kharkiv National University, Ukraine)

  • David Hampel

    (Mendel University in Brno, Czech Republic)

Abstract

The geographical location of Ukraine provides a multitude of possibilities for successful investment activity. There are rich natural resources, a fertile soil and a qualified low-cost labour force. On the other hand, investors have to deal with historical ties to the Soviet Union, corruption, and political instability exacerbated by occupation of part of the territory by Russia. This paper deals with the possibility of identifying the investment attractiveness of the particular sectors in Ukraine by the level of concentration measured by the Herfindahl-Hirschman index. Accounting data of companies taken from the Orbis database are evaluated by ABC analysis and the general linear model. The results point to significant dependency of variables representing investment attractiveness on the Herfindahl-Hirschman index, where deviations are explained by sectoral specifics.

Suggested Citation

  • Natálie Veselá & Volodymyr Rodchenko & David Hampel, 2022. "On the Investment Attractiveness of Ukrainian Companies," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 8(1), pages 54-71.
    • Handle: RePEc:men:journl:v:8:y:2022:i:1:p:54-71
    DOI: 10.11118/ejobsat.2022.001
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    References listed on IDEAS

    as
    1. Alfred Ultsch & Jörn Lötsch, 2015. "Computed ABC Analysis for Rational Selection of Most Informative Variables in Multivariate Data," PLOS ONE, Public Library of Science, vol. 10(6), pages 1-15, June.
    2. Vásquez Cordano, Arturo L. & Prialé Zevallos, Rodrigo, 2021. "Country competitiveness and investment allocation in the mining industry: A survey of the literature and new empirical evidence," Resources Policy, Elsevier, vol. 73(C).
    3. Andrzej Cieślik & Iryna Gauger & Jan Jakub Michałek, 2018. "Agglomeration externalities, competition and productivity: empirical evidence from firms located in Ukraine," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(1), pages 213-233, January.
    4. Ratnayake, Ravi, 1999. "Industry concentration and competition: New Zealand experience," International Journal of Industrial Organization, Elsevier, vol. 17(7), pages 1041-1057, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    ABC analysis; Herfindahl-Hirschman index; investment attractiveness; Ukrainian companies and sectors;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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