F23 - Multinational Firms; International BusinessNávrat zpět

Foreign direct investment is discussed on various levels. Basically we speak about positive and negative effects that might be expressed directly or indirectly. In evaluating the impact of foreign direct investment on development, however, a key question is whether foreign direct investment crowd in domestic investment, or foreign direct investment crowd out domestic investment. This paper focuses on research of FDI effects in Central and Eastern Europe. The aim of this paper is to examine whether foreign direct investment in selected countries of Central and Eastern Europe crowds in or crowds out domestic investment. For this purpose we apply theoretical model of investment that includes foreign direct investment as an exogenous variable. Annual data were tested with panel regression with fixed effects for the period 1993 - 2011. Detected results indicate that in all specified areas, the effect of extrusion of domestic investments prevails.

Not only developing countries and transition economies perceive the entry of foreign investors, and the inflow of capital, know -how and other tangible and intangible assets as a catalyst for economic development. Therefore, many countries have liberalized access to foreign capital even conscious of certain negative effects on domestic enterprises trying to attract foreign investors. The host countries after some time analyse the contribution and influence of foreign entities in the domestic economy and assesses whether the resulting effects rather negative or positive, and also how foreign entities are operating in the domestic territory. This article, however, deals with a somewhat different type of analysis, it focuses on the assessment of the functioning and prosperity of foreign-owned entities in the Czech Republic compared with domestic entities in selected sectors. The analysis is focused on the development of return on equity (ROE) and gross domestic product (GDP) of industries. The data from the Financial analyzes of the corporate sector for the years 2004 - 2011 published by the Ministry of Industry and Trade was used to analyze. It was the annual data (including GDP) in five sectors: mining, manufacturing, energy, construction and services.

The article analyses inflow of foreign direct investment into the Czech Republic. It describes the development in recent years and analyses the influencing factors. Foreign direct investments are a very important financial source in the Czech economy and therefore much attention is paid to the factors which attract the inflow of foreign long-term and non-debt capital. It is important especially for investors during their decision making process of expanding the business abroad. Among others, the most important lures are openness of the country, low labour cost, the exchange rate policy and the overall risk of the country.

Internacionalizace podnikatelských aktivit je fenomén, na který se pohlíží v posledním období z různých pohledů. Internacionalizace je nezbytná pro většinu podnikatelských subjektů. Článek se zabývá procesem internacionalizace podnikatelských aktivit. Cílem článku je podat přehled nejvýznamnějších internacionalizačních teorií.