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Volume 57, Issue 9 -10


Foreign Direct Investment, Corporate Finance, and the Life Cycle of Investment

Geršl, Adam; Hlaváček, Michal

Year: 2007   Volume: 57   Issue: 9 -10   Pages: 448-464

Abstract: This article discusses the effect of foreign direct investment on the corporate sector in the Czech Republic. The analysis uses subaggregated corporate data from a unique Deutsche Bundesbank database containing an almost complete sample of German enterprises that invested in the Czech Republic between 1996 and 2004. Attention was given to two issues: the role of intra-group financing in foreign-owned corporations and the life cycle of direct investments.

JEL classification: F21, G32; L25

Keywords: corporate finance; foreign direct investment; life cycle of investment


RePEc: http://ideas.repec.org/a/fau/fauart/v57y2007i9-10p448-464.html

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