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Volume 58, Issue 5 -6


Productivity, Export Performance, and Financing of the Czech Corporate Sector: The Effects of Foreign Direct Investment

Geršl, Adam

Year: 2008   Volume: 58   Issue: 5 -6   Pages: 231-247

Abstract: The article looks in both theoretical and empirical terms at whether large foreign presence has affected domestic firms. Foreign firms might both intentionally and unintentionally influence the productivity, financing, and export performance of local firms within the same industry or across industries along the production chain via supplier and client linkages. Economic theory does not suggest an unambiguous answer to the question of whether the influence is positive or negative. To answer this question, both firm-level and industry-level data on performance, financing, and exports and interactions of firms within the production chain in the Czech Republic are analyzed.

JEL classification: F21, D24, L60, G32, F40

Keywords: foreign direct investment; spillovers; productivity; corporate finance; export performance


RePEc: http://ideas.repec.org/a/fau/fauart/v58y2008i5-6p231-247.html

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