Outward FDI of Polish firms: The role of motives, entry modes and location factors

Abstract

The present paper aims to identify the interdependencies between the motives and modes of foreign direct investment (FDI) undertaken by Polish companies in different host countries. The qualitative analysis also considers firm characteristics, prior modes of entry and host-country choices. By using a structured survey, based on an extensive literature review, the authors apply within-case and cross-case approaches to analyse data collected from ten Polish companies. The findings lead to the formulation of seven propositions which may serve as guidelines for future research using larger and more representative samples of Polish outward foreign direct investment. Dieser Beitrag untersucht die Zusammenhänge zwischen den Motiven und Formen von ausländischen Direktinvestitionen polnischer Unternehmen in unterschiedlichen Gastländern. In einer qualitativen Analyse wurden zugleich dieUnternehmenseigenschaften, ihre Internationalisierungsverläufe sowie die Wahl der Gastländer berücksichtigt. Mittels einer Umfrage, die anhand einer ausführlichen Literaturstudie entwickelt wurde, wurden Daten von zehn polnischen Auslandsinvestoren gesammelt und im Rahmen einer fallbezogenen und fallübergreifenden Analyse ausgewertet. Die Ergebnisse ermöglichen die Formulierung von sieben Hypothesen, die als Ausgangspunkt für zukünftige Untersuchungen mit größeren und repräsentativeren Stichproben polnsicher ausländsicher Direktinvestitionen dienen könnten.

Motives of Poland’s Outward Direct Investments from the Lodz Region: Results of a Direct Study

“…Karaszewski (ed. ), 2013; Polski Czempion, 2012; Kowalewski & Radło, 2013;Gorynia et al, 2015a;Gorynia et al, 2015b).…”

“…Such level of detail is necessary as motives may be subjectively perceived by respondents and usually they come in groups rather than individually. Thirdly, so far attempts to identify relationships between motives followed by Polish direct investors and investors' characteristics, which may impact the differentiation of such motives, have been rare (Gorynia, Trąpczyński, Nowak & Wolniak, 2015b). Such knowledge may be important from the point of view of policy recommendations for regional as well as national authorities as the motives followed by Lodz investors are likely to be little divergent from those observed in other parts of the country.…”

“…Among researchers involved in the issue we should list Kudina and Jakubiak (2008), Kaya (2014) or Drogendijk and Blomkvist (2013). In Poland the subject has been dealt with from the macroeconomic perspective by, inter alia, Obłój and Wąsowska (2012), while microeconomic perspective that is of interest to us can be found in, inter alia, Hadryś (2011), Karaszewski, Jaworek, Kuzel, Szałucka and Szóstek, (2014) Buczkowski, Kłysik-Uryszek, Kuna-Marszałek and Świerkocki (2015), and Gorynia et al (2015aGorynia et al ( , 2015b. Existing studies differ predominantly by thematic scope.…”

“…Applying descriptive statistics, Gorynia et al (2015a) specified the importance of four groups of motives in accordance with Dunning's approach (Dunning, 2000), simultaneously trying to point to dependences among them, stages of internationalisation and forms of FDI. In turn Gorynia et al (2015b) using company-based cases investigated the relationship between those FDI motives, firm characteristics and host-country determinants of FDI mode choice. All these studies were conducted on small samples of enterprises (from 10 to 64).…”

Effects of subnational regional corruption on growth strategies in emerging economies: Evidence from Russian domestic and international M&A activity

“…There is also some literature about the internationalization activities of Russian firms (Bulatov, ; Filippov, ; Kalotay, ; Kuznetsov, ; Liuhto, Heikkila, & Laaksonen, ; Liuhto & Majuri, ; Panibratov, ) and, more generally, the emergence of multinational firms from Eastern Europe (e.g., Andreff, ; Caputo, Pellegrini, Dabic, & Dana, ; Gorynia, Nowak, Trąpczyński, & Wolniak, ; Rugraff, ).…”