FDI by Early Movers, Followers and Latecomers: Timing of Entry by German Firms during Transition in the Czech Republic
- Publication Type
- Journal contribution (peer reviewed)
- Authors
- Henning Mühlen & Peter Nunnenkamp
- Year of publication
- 2011
- Published in
- Applied Economics Letters
- Band/Volume
- Vol. 18/No. 18
- ISBN / ISSN / eISSN
- 1466-4291
- DOI
- 10.1080/13504851.2011.562149
- Page (from - to)
- 1729-1734
We analyse Foreign Direct Investment (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.
Involved persons
Involved institutions
- Economics: International Economics
- Faculty of Business, Economics and Social Sciences
- Institute of Economics