FDI by early movers, followers and latecomers: timing of entry by German firms during transition in the Czech Republic
AbstractWe analyse Foreign Direct Investment (FDI) decisions by German firms with and without affiliates in the Czech Republic at different stages of transition. We find that FDI entry strongly depends on firm productivity immediately after the political and economic regime change, but less so with diminishing uncertainty. Likewise, distance-related transaction costs discourage FDI by latecomers considerably less than FDI by early movers.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 18 (2011)
Issue (Month): 18 (December)
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Other versions of this item:
- Henning Mühlen & Peter Nunnenkamp, 2009. "FDI by Early Movers, Followers and Latecomers: Timing of Entry by German Firms during Transition in the Czech Republic," Kiel Working Papers 1571, Kiel Institute for the World Economy.
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
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