Explanatory Variables for Low Western Investment Interest in Bulgaria

Bitzenis, Aristidis

doi:10.1080/00128775.2004.11041091

Cited by 23 publications

(20 citation statements)

References 12 publications

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“…An important observation is that non-fiscal incentives such as political and macroeconomic stability, EU accession, prospects for market growth, and lack of corruption and bureaucracy come first for MNC interested to expand in Bulgaria (Bitzenis, 2003a(Bitzenis, , 2007Pournarakis and Varsakelis, 2004). On the other hand, the obstacles to foreign investors concentrate on political unwillingness to make significant reforms and on the geographical distance of Bulgaria from advanced Western countries (Bitzenis, 2004b).…”

Section: Emerging Economies and Eu Accessionmentioning

confidence: 99%

International business in an EU candidate: the case of Bulgaria

Bitzenis

Vlachos

2010

IJBE

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This study delegates a survey concerning the motives of, and barriers to international investors in Bulgaria during its transition period (1989)(1990)(1991)(1992)(1993)(1994)(1995)(1996)(1997)(1998)(1999)(2000)(2001)(2002)(2003)(2004)(2005)(2006)(2007), with a special focus on the pre-accession period (2006)(2007), for the generation of six variables that characterise international business during the EU accession era: entry mode, target, host country barriers, barriers determined by the MNC, host country motives, and motives determined by the MNC. The research findings indicate that EU accession has a positive contribution to an emerging economy, at the same time as regional characteristics are appended to the FDI inflows of Bulgaria.

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Section: Emerging Economies and Eu Accessionmentioning

confidence: 99%

International business in an EU candidate: the case of Bulgaria

Bitzenis

Vlachos

2010

IJBE

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“…Many studies have concerned FDI in other CEECs, such as Hungary -and its finance and industrial sectors (Gál 2013; Kiss 2014; Lux 2015), the Czech Republic (Vančura 2006;Pavlínek et al 2009;Sucháček & Báranek 2012) and Slovakia (Buček 2012), with the latter studies dealing with various different sectors. FDI allocation to different regions has been investigated in Romania (Goschin et al 2010;Popescu 2012) and in Bulgaria (Bitzenis 2004), in the latter case with a view to elucidating the low level of interest shown by potential Western investors. Finally, Slovenia (Hamilton et al 2005) and Croatia (Jovančević 2007) have also been investigated in terms of FDI inflow.…”

Section: Literature Reviewmentioning

confidence: 99%

Control functions within Poland's large cities as seen in the light of foreign direct investment in the transport sector

Taylor¹,

Ciechański²

2014

Prz. Geogr.

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The map and the accompanying description present the variability of revenues and the spatial distribution of the corporate headquarters of the 2000 largest companies registered in Poland as of 2013, excluding banks. The study demonstrated a strong concentration of the decision-making and control functions in Warsaw. It found variability depending on the type of activity and ownership. The study also confirmed previous findings about economic management models and their links to the administrative and settlement hierarchy (Śleszyński 2002, 2007).

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“…The evidence on this broad set of factors is plentiful and varied. Bitzenis (2004) indicates that geographical distance from advanced Western countries is an important barrier to foreign investment in Bulgaria, although factors related to delays in institutional reforms are also important. However, all other factors controlled, the conclusion is that historical links do not affect a company's decision to invest in another country.…”

Section: Factors Behind Investment Decisions Of Firmsmentioning

confidence: 99%