Why Do Russian Firms Invest Abroad? A Firm Level Analysis

34 Pages Posted: 30 Jan 2015

See all articles by Amar Anwar

Amar Anwar

Cape Breton University - Shannon School of Business

Mazhar Mughal

Pau Business School; Economics Department, University of Pau

Date Written: December 26, 2014

Abstract

This study explores the economic, geographical, cultural and institutional factors that have driven the Merger and Acquisition activities by Russian transnational corporations during the 1999-2012 period, with particular emphasis on the 2008 global financial crisis. Findings show that both push and the pull factors influence Russian firms’ investments. Their main motive appears to be market-seeking, followed by resource- and technology-acquisition, while efficiency does not appear to be a motivational factor. There is also evidence that Russian firms appear to be more active in the post-financial crisis period, preferring to invest in distant developed economies.

Keywords: FDI, Emerging Markets, Russia, Financial Crisis

JEL Classification: F23, G01, O53

Suggested Citation

Anwar, Amar and Mughal, Mazhar, Why Do Russian Firms Invest Abroad? A Firm Level Analysis (December 26, 2014). Available at SSRN: https://ssrn.com/abstract=2557146 or http://dx.doi.org/10.2139/ssrn.2557146

Amar Anwar (Contact Author)

Cape Breton University - Shannon School of Business ( email )

P.O.Box 5300, 1250 Grand Lake Road
Sydney, Nova Scotia B1P 6L2
Canada
9025631883 (Phone)

HOME PAGE: http://www.cbu.ca/profiles/amar-anwar

Mazhar Mughal

Pau Business School ( email )

Academic field, Avenue du Doyen Poplawski
Pau, 64012
France

Economics Department, University of Pau ( email )

Avenue du Doyen Poplawski
64000 Pau
France

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
82
Abstract Views
574
Rank
540,997
PlumX Metrics