Shutdown versus M&amp;A: An empirical investigation of Slovenian incumbent firms’ responses to foreign competition

Kejžar, Katja Zajc

doi:10.1016/j.ecosys.2015.09.005

Cited by 10 publications

(10 citation statements)

References 38 publications

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“…In the case of the long run, a one dollar increase in FDI will lead to 0.64 dollars (less than one dollar) increase in DI into the food manufacturing sector. Whilst the short-run result agrees with Jude (2019) and Kejžar (2016), it departs from that of Mileva (2008), who found a crowd-in effect for transition economies. However, in the long run, Mileva (2008) found a neutral effect for transition economies.…”

Section: Discussion Of Estimationssupporting

confidence: 59%

“…Cooperation instead of competition can be adduced for the crowd-in effect. Jude (2019) and Kejžar (2016) reported switching effects of FDI on DI for transition economies; short-run crowding-out effect to long run crowding-in effect. The magnitude of the possible linkage and spillover effects over time overcomes the initial competition effect.…”

Section: Previous Empirical Studiesmentioning

confidence: 99%

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Level of development, foreign direct investment and domestic investment in food manufacturing

Djokoto

2021

F1000Res

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Background: Whilst the literature on the complementarity and substitutability of foreign direct investment (FDI) on domestic investment (DI) is not uncommon, the facet of food manufacturing is non-existent. This paper fills this void by investigating the effect of FDI on DI in the food manufacturing sector for developing, economies in transition and developed countries. Methods: Using an unbalanced panel data of 49 countries from 1993 to 2016, from FAOSTAT, estimated by the system generalised method of moments (GMM), the Wald statistics for the short and long-run effects of FDI on DI were computed for the development groups. Results: Developed economies experienced a crowd-out effect of FDI on DI in the short run, whilst the others experienced no significant effect. In the case of the long run, food manufacturing sectors of all three development groups exhibited a crowd-out effect. The effect in the long run for all development groups together is a crowd-in. Analysing all country groups together could mask the results of the various country groups. Conclusions: A review of investment policies to priorities FDI entry mode that favour domestic investment is needed. Improvement of the investment regulatory and administrative efficiency among others are recommended.

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Section: Discussion Of Estimationssupporting

confidence: 59%

Section: Previous Empirical Studiesmentioning

confidence: 99%

Level of development, foreign direct investment and domestic investment in food manufacturing

Djokoto

2021

F1000Res

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“…Titarenko () examined the effect of FDI on domestic investment in Lithuania during the period 1995–2004 and concluded in favour of crowding out. Crowding out predominately seems to be a short‐term effect following foreign entry, as confirmed by Kosová () for the Czech Republic during 1994–2001 and Zajc Kejžar () for Slovenia. The subsequent growth of foreign firms’ local sales does not seem to induce significant crowding out for firms in CEEC.…”

Section: Literature Reviewmentioning

confidence: 75%

“…The only studies we are aware of are Calderon et al . () and Ashraf and Herzer (), using panel settings, and Zajc Kejžar () and Chen George et al . () for the individual cases of Slovenia and China.…”

Section: Entry Mode Of Fdi and Impact On Domestic Investment Manda Vsmentioning

confidence: 99%

Does FDI crowd out domestic investment in transition countries?

Jude

2018

Econ of Transit and Inst Chang

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The aim of this paper is to empirically investigate the relationship between foreign direct investment (FDI) and domestic investment in a sample of 10 Central and Eastern European countries over the period 1995–2015. We find FDI to lead to a creative destruction phenomenon, with a short‐term crowding out effect on domestic investment, followed by a long‐term crowding in. Greenfield FDI develops stronger long‐run complementarities with domestic investment, while mergers and acquisitions do not show a significant effect on domestic investment. Financial development seems to mitigate crowding out pressures and even foster a crowding in for mergers and acquisitions.

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“…Building on this research, we focus on the relationship between foreign competition and make innovation activities in the USA. The foreign competition means the competition effect from a foreign firm, which can be measured by the log of the proportion of the import goods to the total production value (Kejžar, 2016; Liu et al, 2014; Wang, Lee, & Hsu, 2014).…”

Section: Introductionmentioning

confidence: 99%

The Relationship between Foreign Competition and Innovation Activities Based on Quantile Regression

Yi¹,

Lin²,

Wang³

2017

Science, Technology and Society

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This article uses quantile regression to shed light on the complex relationship between foreign competition and innovation activities. Quantile regression is more powerful than classical linear regression since quantile regression can produce estimates for all conditional quantiles of the distribution of the innovation activities variable, whereas classical linear regression only estimates the conditional mean effects. The empirical evidence shows that the effect of foreign competition on make innovation activities is different across the conditional quantiles of the distribution of innovation activities, something classical linear regression would leave unidentified. This finding suggests that estimating the quantile effect of innovation activities variable can well be more insightful than effect. Additionally, this article finds a U-shaped relationship between foreign competition and make innovation activities.

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Shutdown versus M&A: An empirical investigation of Slovenian incumbent firms’ responses to foreign competition

Cited by 10 publications

References 38 publications

Level of development, foreign direct investment and domestic investment in food manufacturing

Level of development, foreign direct investment and domestic investment in food manufacturing

Does FDI crowd out domestic investment in transition countries?

The Relationship between Foreign Competition and Innovation Activities Based on Quantile Regression

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