title: Foreign direct investment from Japan, South Korea and China in the Czech Republic: A comparative analysis
metadata.name: dc.contributor.author
metadata.value: Volgina, Natalia A.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2024-08-20T19:52:29Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2024-08-20T19:52:29Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2024-06
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Volgina, N. A. (2024) ‘Foreign direct investment from Japan, South Korea and China in the Czech Republic: A comparative analysis’, St. Petersburg University Journal of Economic Studies, 40 (2), pp. 300–321. https://doi.org/10.21638/spbu05.2024.208 (In Russian)
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2024.208
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/47284
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Multinational companies from Japan, South Korea and China began to actively penetrate
  Czech market starting from the mid-1990s. By 2021, Japan was the leader in terms of foreign
  direct investment stock in the Czech Republic ($ 4.7 billion), followed by South Korea
  ($ 3.4 billion); and China ($ 760 million). The methodological basis of the paper is Dunning’s
  eclectic paradigm, which makes it possible to explain foreign investment activities from the
  point of view of the simultaneous availability in these processes of ownership, location and
  internalization advantages. As a result of a comparative analysis, the author comes to the following
  conclusions. In the processes of activity of foreign affiliates of Asian companies in
  the Czech Republic (as part of the implementation of existing ownership advantages), the
  following features were identified: concentration on the main field of activity of the parent
  company; concentration of activity in those industries that are most developed in the Czech
  Republic (industry agglomeration effect); clustering of affiliates around the leading company
  and main activity; diversification of the activities of foreign affiliates by supplementing the
  main activities of the parent company with the activities in related sectors. To explain the weak
  presence of Chinese MNCs in the Czech market and the more deep activity of South Korean
  and Japanese MNCs, a “wedge-shaped” foreign market entry was proposed; it is based on
  the idea of internalization advantages of. The leading company represents a spearhead of the
  “wedge-shaped” foreign market entry. A large MNC possesses powerful and well-developed
  ownership advantages. It is the first to enter foreign market in the sector that is main one for its
  activity in the national market; and it is followed by foreign affiliates operating in the main and
  related sectors in a kind of expanding “wedge”. It is the penetration that enables MNCs to gain
  a foothold in the market, leveraging both ownership, location and internalization advantages.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 40; Issue 2
metadata.lang: -
metadata.name: dc.subject
metadata.value: foreign direct investments
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Czech Republic
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Japan
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: South Korea
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: China
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: eclectic paradigm
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: offshoring
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: outsourcing
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: international fragmentation of production
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: model of “wedge-shaped foreign market entry”
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Foreign direct investment from Japan, South Korea and China in the Czech Republic: A comparative analysis
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 08.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/47284/1/08.pdf
resources.format: Adobe PDF
resources.size: 721,02 kB