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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

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.

Suggested Citation

  • Athanasios Kalogeresis & Lois Labrianidis, 2010. "From spectator to walk-on to actor: An exploratory study of the internationalisation of Greek firms since 1989," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 7(1), pages 121-143, June.
    • Handle: RePEc:liu:liucej:v:7:y:2010:i:1:p:121-143
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    File URL: https://ejce.liuc.it/18242979201001/182429792010070105.pdf
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    References listed on IDEAS

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    1. Blomström, Magnus & Kokko, Ari, 1994. "Home Country Effects of Foreign Direct Investment: Evidence from Sweden," SSE/EFI Working Paper Series in Economics and Finance 3, Stockholm School of Economics.
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    Cited by:

    1. Dimitris Giakoulas & Constantina Kottaridi, 2020. "Internationalization Strategies of the Greek MNEs during the Pre-Crisis Period: An Econometric Research Based on the OLI Model," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 70(1-2), pages 128-150, January-J.
    2. Deligianni, Ioanna & Voudouris, Irini & Lioukas, Spyros, 2015. "Growth paths of small technology firms: The effects of different knowledge types over time," Journal of World Business, Elsevier, vol. 50(3), pages 491-504.
    3. Christian Sellar & Rudolf Pástor, 2015. "Mutating Neoliberalism: The Promotion of Italian Investors in Slovakia before and after the Global Financial Crisis," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 39(2), pages 342-360, March.
    4. Kottaridi, Constantina & Giakoulas, Dimitris & Manolopoulos, Dimitris, 2019. "Escapism FDI from developed economies: The role of regulatory context and corporate taxation," International Business Review, Elsevier, vol. 28(1), pages 36-47.

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    More about this item

    Keywords

    Greece; Delocalization; Outsourcing; FDI;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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