How do international investors react to announcements of cross-border mergers and acquisitions (CM&As) by emerging market multinational enterprises (EMNEs)? Using a unique and manually-constructed firm-level dataset, this paper examines the stock price reactions to CM&A announcements made over...

Do regional identities determine different levels of FDI-induced growth? This paper analyses the impact of FDI on the growth rates of European regions. In so doing, it discusses the role of different components of territorial capital in magnifying or daunting such an impact. The paper starts...

Applying extant IB theory, I argue that initial firm internationalisation is shaped by the interdependence and dynamic interaction between its O assets and the L assets of its home location. Regardless of nationality, the initial O assets of an infant MNE tend to be constrained by the L assets...

Drawing on recent theoretical explanations, we develop hypotheses on the relationship between business group affiliation and FDI by developing country firms. We hypothesize a positive relationship between business group affiliation and FDI overall, as well as between business group affiliation...

Using a large sample of micro data we investigate what kind of CEECs-9 (Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Poland, Romania, Slovakia and Slovenia) firms tend to invest abroad, and what is the impact of outward FDI on their productivity. We find that firms with outward FDI tend...

The literature on technology spillovers, from international trade and Foreign Direct Investment (FDI) to the Visegrad four, brings forward mixed results and leads to contradictory conclusions. This study investigates the effect of international business activity on Visegrad's group labour...

This paper examines the effect of Real Exchange Rate Volatility (RERVOL) on the Foreign Direct Investment (FDI) inflow in Bangladesh, India, Pakistan and Sri Lanka. A model that includes exchange rate volatility with other determinants of FDI is developed. Annual time series data from...

The history of the global oil industry is essential to understand the rise of multinational enterprises. Petrobras, in particular, has started to exploit in international markets the world-class technology it developed to exploit deepwater oil fields. PDVSA, on the other hand, has focused its...

This study is a synthesis of the authors' research on the application of the Investment Development Path (IDP) concept to Poland. The IDP is investigated from the point of view of its general trajectory as well as its geographic and industry/sector idiosyncrasies. Collected data cover a time...