Russian Firms in the Visegrád Countries
Uluslararası İlişkiler (International relations), (ISSN 1304-7310), Vol. 13, No. 49, pp. 107-130, 2016
Posted: 12 Sep 2016
Date Written: July 28, 2016
This article analyses direct investment patterns by Russian firms in the four Visegrád countries, their motivations and ownership advantages, based mostly on the eclectic paradigm. Beside statistical data, it relies on case studies to present the profile of the most important Russian investors in each host country. In the Visegrád countries, market, and to a lesser extent, resource-seeking investment by state-owned firms in the hydrocarbons, steel and nuclear energy industries dominate. Some innovative private Russian companies, with features similar to developed-country multinationals can also be identified. Extant investment theories, with the exception of the eclectic paradigm, fall short of explaining Russian investment.
Keywords: Foreign Direct Investment, Multinational Enterprises, Central Europe, Russia
JEL Classification: D22, F23, M16, O52
Suggested Citation: Suggested Citation