An Exploratory Analysis of Joint Ventures' Performance in Romania
Abstract: This paper gives empirical evidence for the superior performance of foreign direct investment in Romania in the presence of highly labor-intensive production and large market shares. Performance is measured in terms of investment volume and net profits. Partial state-ownership in joint ven...| Link(s) zu Dokument(en): | IHS Publikation |
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| Hauptverfasser: | , |
| Format: | IHS Series NonPeerReviewed |
| Sprache: | Englisch |
| Veröffentlicht: |
Institut für Höhere Studien
1995
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| Zusammenfassung: | Abstract: This paper gives empirical evidence for the superior performance of foreign direct investment in Romania in the presence of highly labor-intensive production and large market shares. Performance is measured in terms of investment volume and net profits. Partial state-ownership in joint ventures adversely affects performance, while a higher degree of import competition - in contrast to common conviction - favors profits during this stage of reforms. According to the results of a profitability analysis, the optimal size per investment has neither been reached nor even been surpassed yet.; |
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