Foreign direct investments in East Central Europe played significant role in the economic transition process after 1990. The support of multinational business was a logical choice for most governments to improve and modernize the economy. Despite the various paths taken by the individual...

We investigate determinants of foreign ownership in newly privatized firms. We analyze data on privatized Czech firms to address two related general questions. First, what characteristics distinguish transition firms that attract a foreign investor? Second, how do firm-specific characteristics...

This paper explains the location choices of multinational companies (MNCs) in a transition economy by traditional economic factors and institutional quality. Based on a thorough theoretical framework and a set of hypotheses, empirical data of an enterprise survey of 153 foreign firms in three...