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dc.contributor.authorMühlen, Henningen_US
dc.contributor.authorNunnenkamp, Peteren_US
dc.date.accessioned2010-02-10en_US
dc.date.accessioned2010-02-26T13:28:11Z-
dc.date.available2010-02-26T13:28:11Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30042-
dc.description.abstractTheoretical considerations suggest that the option of waiting under conditions of uncertainty affects the relative importance of firm-level productivity and distance-related transaction costs as driving forces of FDI. Yet the timing of FDI has received little attention in the empirical literature on FDI determinants. To help close this gap we analyze FDI decisions by German firms with and without affiliates in the Czech Republic at different stages of transition. We find that FDI entry strongly depends on firm productivity immediately after the political and economic regime change, but less so with diminishing uncertainty. Likewise, distance-related transaction costs discourage FDI by latecomers considerably less than FDI by early movers.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel working paper 1571en_US
dc.subject.jelF23en_US
dc.subject.ddc330en_US
dc.subject.keywordMultinational enterprisesen_US
dc.subject.keywordfirm-level productivityen_US
dc.subject.keyworddistanceen_US
dc.subject.keywordtiming of FDIen_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwZeiten_US
dc.subject.stwMultinationales Unternehmenen_US
dc.subject.stwDeutschen_US
dc.subject.stwInternationale Markteintrittsstrategieen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwEntfernungen_US
dc.subject.stwTransaktionskostenen_US
dc.subject.stwDeutschlanden_US
dc.subject.stwTschechische Republiken_US
dc.titleFDI by early movers, followers and latecomers: timing of entry by German firms during transition in the Czech Republicen_US
dc.typeWorking Paperen_US
dc.identifier.ppn618322868en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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Kieler Arbeitspapiere, IfW

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