What Do We Know about the Internationalization of Central and Eastern European Countries and Firms?

Witold Wiliński

doi:10.2478/cer-2013-0010

Authors

Witold Wiliński Warsaw School of Economics

DOI:

https://doi.org/10.2478/cer-2013-0010

Abstract

This article is the first comprehensive literature review concerning the internationalization of countries and firms from Central and Eastern European countries (CEECs). The study covers 42articles published during the years 1989-2010, both in leading world journals on international business and management and in regional journals concentrating on the CEECs. The purpose of the study is classification of the research topics undertaken, defining the differences in internationalization between CEECs, and verification whether the studies on outward FDI from CEECs has made an important contribution to international business theory.

Downloads

Download data is not yet available.

References

Acedo F. and J. Casillas (2005), Current paradigms in the international management field: An author co-citation analysis, “International Business Review”, 14, no. 5

Andreff W. (2003), The newly emerging TNCs from economies in transition: a comparison with Third World outward FDI,“Transnational Corporations” 12, no. 2

Ang S., Michailova S (2008), Institutional explanations of cross–border alliance modes: The case of emerging economies firms,“Management International Review”

Banalieva E., Santoro M.D (2009), Local, regional, or global? Geographic orientation and relative financial performance of emerging market multinational enterprises,“European Management Journal” 27

Boudier–Bensebaa F. (2008), FDI assisted development in the light of the investment development path paradigm: Evidence from Central and Eastern European countries, “Transnational Corporations” 17, no. 1

Braguinsky S., Myerson R. (2007), A macroeconomic model of Russian transition, “Economics of Transition” no. 15

Buckley P., Casson M. (1976), The Future of the Multinational Enterprise. London: Palgrave Macmillan

Buckley P. J., Cross A. R., Tan H., Xin L. and H. Voss. (2008), Historic and emergent trends in Chinese outward direct investment, “Management International Review” 48, no.6

Caves,R. E. (1971), International Corporations: the Industrial Economics of Foreign Investment, “Economica” 38

Cuervo–Cazurra A. and M.Genc (2008), Transforming disadvantages into advantages: developing–country MNEs in the least developed countries, “Journal of International Business Studies” 39

Damijan J., Polanec S. and J. Prasnicar (2007), Outward FDI and Productivity: Micro–evidence from Slovenia, “The World Economy” 30, no. 1

Dunning J. H. (1981), International Production and Multinational Enterprise. London: Palgrave Macmillan

Dunning, J. H. (1993), Multinational Enterprise and the Global Economy. England: Addison Wesley

Dunning J. H. and R. Narula (1996), Foreign Direct Investment and Governments. London and New York: Routledge

Elenkov D. (1995), Russian Aerospace MNCs in Global Competition: Their Origin, Competitive Strengths and Forms of Multinational Expansion, “The Columbia Journal of World Business” Volume 30, Issue 2

Filatotchev I., Demina N. Wright M. and T.W. Buck (2001), Effects of post–privatization governance and strategies on export intensity in the former Soviet Union, “Journal of International Business Studies” 32

Filippov S. (2010), Russian Companies: the Rise of New Multinationals, “International Journal of Emerging Markets” 5, no. 3/4

Griffith D. A., Cavusgil S. T. and S. Xu (2008), Emerging themes in international business research, “Journal of International Business Studies” 39

Goldstein A. (2009), Multinational Companies from Emerging Economies: Composition, Conceptualization and Direction in the Global Economy. New York: Palgrave Macmillan

Ginevičius R. and M. Tvaronavičiene (2005), Inward and outward FDI in Lithuania and Estonia: Review of patterns in neighboring countries,“Journal of Business Economics and Management” 6, no. 3

Gorynia M., Nowak J. and R. Wolniak (2007), Poland and Its Investment Development Path, “Eastern European Economics” 45, no.2

Gorynia M., Nowak J. and R. Wolniak. (2008), Poland's Investment Development Path and Industry Structure of FDI Inflows and Outflows, “Journal of East–West Business” 14, no. 2

Heinrich A. (2003), Internationalization of Russia’s Gazprom, “Journal for East European Management Studies” 8, no. 1

Heinrich A. (2006), Russian Companies in Old EU Member States, “Journal of East–West Business” 11, no. 3–4

Hymer S. (1976), The International Operations of National Firms: a Study of Direct Foreign Investment, Unpublished 1960 PhD thesis, Cambridge MA: MIT Press

Jaklic A. (2007), Creating multinational enterprises in transition economies: examining the impact of firms’ factor endowments in Slovenia, “Economic and Business Review for Central and South - Eastern Europe” , 9. 1

Jaklic A. and M. Svetlicic (2001), Does transition matter? FDI from Czech Republic, Hungary and Slovenia. “Transnational Corporations” 10, no. 2

Jaklic A. and M. Svetlicic (2003), The outward direct investment from CEECs: can their firms compete in the global market? “Journal for East European Management Studies” 8, no. 1

Johanson J. and J. Vahlne (1997), The Internationalisation Process of the Firm: a Model of Knowledge Development and Increasing Foreign Market Commitment, “Journal of International Business Studies” 8, no.1

Johanson J. and J. Vahlne (2009), The Uppsala internationalization process model revisited: From liability of foreignness to liability of outsidership, “Journal of International Business Studies” 40

Jormanainen I. and A. Koveshnikov (2010), Theoretical and Empirical Research on Emerging Multinationals: Current State and Future Directions. [in:] Proceedings of the 36th European

International Business Academy Annual Conference. Porto, Universidade do Porto Faculdade de Economia, Portugal

Kalotay K. (2002), Outward Foreign Direct Investment and Governments in Central and Eastern Europe: The Cases of the Russian Federation, Hungary and Slovenia, “Journal of World Investment”, Vol. 3, No. 2

Kalotay K. (2003), Outward Foreign Direct Investment from Economies in Transition in the Global Context, “Journal for East European Management Studies” 8, no. 1

Kalotay K. (2004), Outward FDI from Central and Eastern European Countries, “Economics of Planning”

Kalotay K. (2006), Outward Foreign Direct Investment from Russia in a Global Context, “Journal of East–West Business” 11, no. 3–4

Kalotay K. (2008), Russian transnationals and international investment paradigms, “Research in International Business and Finance”, Volume 22, Issue 2

Kalotay K. and Sulstarova A. (2010), Modelling Russian outward FDI, “Journal of International Management” 16

Kilvits K. and A. Purju (2003), The outward foreign Direct Investment from the Baltic States, “Journal for East European Management Studies” 8, no.1

Kindleberger C. (1969), American Business Abroad. New Haven: Yale University Press

Kumar A. and Zajac K. (2003), Foreign direct investment and changing trade patterns: the case of Slovenia, “Economic and Business Review for Central and South - Eastern Europe” 5. 3

Lall S. (1983),The New Multinationals: The Spread of Third World Enterprises. Chichester West Sussex and New York: Wiley

Lecraw D. (1977), Direct investment by firms from less developed countries, “Oxford Economic Papers” 29, no. 3

Lisitsyn N.E., Sutyrin S.F., Trofimenko O.Y. and I.V. Vorobieva (2007), Russian Telecommunication Company MTS Goes to the CIS, “Journal of East–West Business” 11, no. 3–4

Liuhto K. (2002), Russian Gas and Oil Giants Conquer Markets in the West, “Journal of East–West Business” 7, no. 3

Liuhto K. and J. Jumpponen (2007), Russian Corporations and Banks Abroad, “Journal for East European Management Studies” 8, no. 1

Liuhto K. and P. Vahtra (2007), Foreign operations of Russia's largest industrial corporations – building a typology, “Transnational Corporations” 16, no.1

Luo Y. and R.L.Tung (2007), International expansion of emerging market enterprises: a springboard perspective, “Journal of International Business Studies” 38

Marinov E. and S. Marinova (2011), Internationalization of Emerging Economies and Firms. London: Palgrave Macmillan

Matthews J. (2006), Dragon Multinationals: new players in 21st century globalization. Asia Pacific, “Journal Management” 23

Malo S. and J. Norus (2009), In memoriam of Professor Jesper Norus who left us at the end of this work. Growth dynamics of dedicated biotechnology firms in transition economies. Evidence from the Baltic countries and Poland, “Entrepreneurship and Regional Development” 21, no. 5–6

Masso J., Varblane U., and P. Vahter (2008), The Effect of Outward Foreign Direct Investment on Home–Country Employment in a Low–Cost Transition Economy, “Eastern European Economics” 46, no. 6

Meyer K., and M. Gelbuda. (2006), Process Perspectives in International Business Research in CEE, “Management International Review” 46, no. 2

Narula R. (2010), Much Ado about Nothing or Sirens of a Brave New World? MNE Activity from Developing Countries and its Significance for Development. Paris: OECD Development Centre

Pelto E., Vahtra P., and K. Liuhto (2004), Cyp–Rus investment flows to central and Eastern Europe Russia's direct and indirect investments via Cyprus to CEE, “Journal of Business Economics and Management” 5, no. 1

Peng M. W. (2004), Identifying the big question in international business research, “Journal of International Business Studies” 35, no. 2

Peterson R. (2004), Empirical Research in International Management: A Critique and Future Agenda. in: Handbook of Qualitative Research Methods for International Business, R Marschan–Piekkari and C. Welch (eds) (Edward Elgar Publishing)

Rammamurti R. and J. Singh (2009), Emerging Multinationals in Emerging Market, Cambridge: Cambridge University Press

Rugraff E. (2010), Strengths and Weaknesses of the Outward FDI Paths of the Central European Countries, “Post–Communist Economies” 22, no.1

Runiewicz M. (2006), Russian Direct Investments in Poland, “Journal of East–West Business” 11, no. 3–4

Sauvant K., The Rise of Transnational Corporations from Emerging Markets. Northampton: Edward Elgar, 2008

Sethi D. (2009), Are multinational enterprises from the emerging economies global or regional? “European Management Journal” 27

Svetlicic M. and Rojec M. (1994), Foreign direct investment and the transformation of Central European economies in transition, “Management International Review”

Svetlicic M. and M. Rojec Eds. (2003), Facilitating Transition by Internationalization: Outward Direct Investment from Central European Economies in Transition. Aldershot: Ashgate

Svetlicic M. (2007), Outward foreign direct investment by enterprises from Slovenia, “Transnational Corporations” 16, no. 1

Svetlicic M., Jaclic A., and A. Burger (2007), Internationalization of Small and Medium–Size Enterprises from Selected Central European Economies, “Eastern European Economics” 45, no.4

UNCTAD (2012), World Investment Report, Toward a new generation of investment policy, New York and Geneva: United Nations

Vahtra P. and K. Liuhto (2006), An Overview of Russia's Largest Corporations Abroad, “Journal of East–West Business” 11, no. 3–4

Varblane U., and M. Sõrg (2003), Internationalization of Estonian Banking, “Journal for East European Management Studies” 8, no. 1

Vernon R. (1966) International Investment and International Trade in the Product Cycle, “Quarterly Journal of Economics” 80

Wells L. T. (1983), Third World Multinationals. Cambridge MA: The MIT Press

Wright M., Filatotchev I., Hoskisson R. and M.W. Peng (2005), Strategy Research in Emerging Economies: Challenging the Conventional Wisdom, “Journal of Management Studies” 42, no. 1