Foreign acquisitions are an increasingly important mode of FDI in the new EU member states (NMS). Using firm-level data and a common estimation framework for seven NMS we study pre-and post- acquisition performance of acquired firms. We find that selection criteria of target firms differ...

The paper aims to verify the existence of the Flying Geese Model (FGM) in the case of inward FDI in Central European Countries (CECs) which are new EU member states; more precisely, to find out in what way and to what extent FDI has contributed to catching up, i.e. to the restructuring process...

The volume of foreign direct investment (FDI) from Russia in Montenegro is the subject of much rumour and public debate in the young state. The study examines the importance of Russian direct investment, specifically in the corporate sector and in the real estate, and touches upon Russia's role...

This paper presents a comparative study of the importance of direct technology transfer and spillovers through FDI on a set of ten transition countries, using a common methodology and appropriate methods to account for selection and simultaneity correction. This paper considers by far the...