IDEAS home Printed from https://ideas.repec.org/a/ssi/jouesi/v1y2014i4p230-238.html
   My bibliography  Save this article

Main foreign direct investment factors as precondition of sustainable entrepreneurship: evidence from Lithuania, Central and Eastern Europe

Author

Listed:
  • Violeta Šabasevičienė

    (Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania)

  • Virginija Grybaitė

    (Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania)

Abstract

Foreign direct investment plays an important role in most economies. Business conditions and sustainable entrepreneurship is being directly affected by country’s ability to attract inflows of foreign capital. Hence, a question how to draw them in is one of the most important aims and goals of foreign policy. Some countries are successful in attracting foreign investment, others stay on the sidelines. The inflow of foreign direct investment depends on various factors. This article aims to answer the question which foreign direct investment factors have a positive effect on the flow of these investments into chosen countries in Central and East European countries. The data retrieved and used for consideration embraces period from 2003 to 2013.

Suggested Citation

  • Violeta Šabasevičienė & Virginija Grybaitė, 2014. "Main foreign direct investment factors as precondition of sustainable entrepreneurship: evidence from Lithuania, Central and Eastern Europe," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 1(4), pages 230-238, June.
    • Handle: RePEc:ssi:jouesi:v:1:y:2014:i:4:p:230-238
    DOI: 10.9770/jesi.2014.1.4(5)
    as

    Download full text from publisher

    File URL: https://jssidoi.org/jesi/uploads/articles/4/Sabaseviciene_Main_foreign_direct_investment_factors_as_precondition_of_sustainable_entrepreneurship_evidence_from_Lithuania_Central_and_Eastern_Europe.pdf
    Download Restriction: no
    File URL: https://jssidoi.org/jesi/article/25
    Download Restriction: no
    File URL: https://libkey.io/10.9770/jesi.2014.1.4(5)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. E. Nur Özkan-Günay, 2011. "Determinants of FDI Inflows and Policy Implications: A Comparative Study for the Enlarged EU and Candidate Countries," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 47(0), pages 71-85, September.
    2. Galego Aurora & Caetano José Manuel, 2012. "Institutional and Economic Determinants of FDI: A Comparison between the European Union and the MENA Region," Review of Middle East Economics and Finance, De Gruyter, vol. 8(1), pages 1-23, August.
    3. Roghieh Gholami & Sang‐Yong Tom Lee & Almas Heshmati, 2006. "The Causal Relationship Between Information and Communication Technology and Foreign Direct Investment," The World Economy, Wiley Blackwell, vol. 29(1), pages 43-62, January.
    4. Hea‐Jung Hyun, 2006. "Quality of institutions and foreign direct investment in developing countries: Causality tests for cross‐country panels," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 7(3), pages 103-110.
    5. John Dunning, 1981. "Explaining the international direct investment position of countries: Towards a dynamic or developmental approach," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 117(1), pages 30-64, March.
    6. Estrin, Saul & Bevan, Alan, 2000. "The Determinants of Foreign Direct Investment in Transition Economies," CEPR Discussion Papers 2638, C.E.P.R. Discussion Papers.
    7. Alan A. Bevan & Saul Estrin, 2000. "The Determinants of Foreign Direct Investment in Transition Economies," William Davidson Institute Working Papers Series 342, William Davidson Institute at the University of Michigan.
    8. Mike Franz Wahl & Gunnar Prause, 2013. "Toward understanding resources, competencies, and capabilities: business model generation approach," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 1(2), pages 67-80, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dunning, John H., 2004. "The contribution of British scholarship to international business studies," International Business Review, Elsevier, vol. 13(2), pages 257-279, April.
    2. Johnson, Andreas, 2006. "FDI inflows to the Transition Economies in Eastern Europe: Magnitude and Determinants," Working Paper Series in Economics and Institutions of Innovation 59, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    3. Matija Rejec & Slavica Penev, 2011. "Attractiveness of Western Balkan Countries for FDI," Book Chapters, in: Mirjana Radovic Markovic & Srdjan Redzepagic & João Sousa Andrade & Paulino Teixeira (ed.), Serbia and the European Union: Economic Lessons from the New Member States, edition 1, volume 1, chapter 2, pages 27-46, Institute of Economic Sciences.
    4. Laura Resmini, 2003. "Economic integration and regional patterns of industry location in transition countries," ERSA conference papers ersa03p399, European Regional Science Association.
    5. Ponce, Aldo, 2010. "Foreign Direct Investment and Civil Rights: Testing Decreasing Returns to Civil Rights," MPRA Paper 22020, University Library of Munich, Germany.
    6. Carstensen, Kai & Toubal, Farid, 2004. "Foreign direct investment in Central and Eastern European countries: a dynamic panel analysis," Journal of Comparative Economics, Elsevier, vol. 32(1), pages 3-22, March.
    7. Facchini, Giovanni & Segnana, Maria Luigia, 2003. "Growth at the EU periphery: the next enlargement," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(5), pages 827-862.
    8. Saleh, Ali Salman & Anh Nguyen, Thi Lan & Vinen, Denis & Safari, Arsalan, 2017. "A new theoretical framework to assess Multinational Corporations’ motivation for Foreign Direct Investment: A case study on Vietnamese service industries," Research in International Business and Finance, Elsevier, vol. 42(C), pages 630-644.
    9. Dašić Miloš, 2022. "Political Risk and Quality of Governance as Determinants of Foreign Direct Investments in the Transition Countries," Economic Themes, Sciendo, vol. 60(3), pages 343-367, September.
    10. Nauro F. Campos & Yuko Kinoshita, 2002. "Foreign Direct Investment as Technology Transferred: Some Panel Evidence from the Transition Economies," Manchester School, University of Manchester, vol. 70(3), pages 398-419, June.
    11. Fosfuri, Andrea, 2004. "Determinants of international activity: evidence from the chemical processing industry," Research Policy, Elsevier, vol. 33(10), pages 1599-1614, December.
    12. Valentin Goev & Vesselin Mintchev & Tsvetomira Tsenova-Knudsen & Venelin Boshnakov, 2002. "Determinants of European Union Enterprises Relocation in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 56-72.
    13. J. Caetano & A. Galego & E. Vaz & C. Vieira & I. Vieira, 2002. "The Eastward Enlargement of the Eurozone: Trade and FDI," Eastward Enlargement of the Euro-zone Working Papers wp07, Free University Berlin, Jean Monnet Centre of Excellence, revised 01 Aug 2002.
    14. Miroslav Mateev & Iliya Tsekov, 2014. "Are there any top FDI performers among EU-15 and CEE countries? A comparative panel data analysis," Financial Theory and Practice, Institute of Public Finance, vol. 38(3), pages 337-374.
    15. Gregory Brock, 2005. "Regional Growth in Russia During the 1990s—What Role Did FDI Play?," Post-Communist Economies, Taylor & Francis Journals, vol. 17(3), pages 319-329.
    16. Lapo, Valentina, 2010. "Spatial concentration of production and investor expectations: the analysis of branch attraction of investments into regions," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 18(2), pages 3-19.
    17. repec:spo:wpecon:info:hdl:2441/3381 is not listed on IDEAS
    18. Disdier, Anne-Celia & Mayer, Thierry, 2004. "How different is Eastern Europe? Structure and determinants of location choices by French firms in Eastern and Western Europe," Journal of Comparative Economics, Elsevier, vol. 32(2), pages 280-296, June.
    19. Polemis, Michael L. & Fafaliou, Irene, 2015. "Electricity regulation and FDIs spillovers in the OECD: A panel data econometric approach," The Journal of Economic Asymmetries, Elsevier, vol. 12(2), pages 110-123.
    20. Oikonomou, Vlasis & Patel, Martin & Worrell, Ernst, 2006. "Climate policy: Bucket or drainer?," Energy Policy, Elsevier, vol. 34(18), pages 3656-3668, December.
    21. Frenkel, Michael & Funke, Katja & Stadtmann, Georg, 2004. "A panel analysis of bilateral FDI flows to emerging economies," Economic Systems, Elsevier, vol. 28(3), pages 281-300, September.

    More about this item

    Keywords

    Foreign Direct Investment (FDI); Gross Domestic Product (GDP); sustainable entrepreneurship;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ssi:jouesi:v:1:y:2014:i:4:p:230-238. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Manuela Tvaronaviciene (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.