Comparative Capitalism and the Transitional Periphery
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Comparative Capitalism and the Transitional Periphery

Firm Centred Perspectives

Edited by Mehmet Demirbag and Geoffrey Wood

With a growing body of literature dealing with business and management issues in the transitional economies of Central and Eastern Europe, the study of the ‘transitional periphery’, or post-Soviet economies, is sparse. A combination of rich natural resources and strategic locations make these economies of significant importance. This book provides fresh and recent research on both firms and the business environment in this region. It serves as a key reference work for those interested in comparative capitalism, business and society in the post state socialist world.
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Chapter 9: Equity commitment and company resources: evidence from Nordic multinational enterprise strategies in transitional periphery economies

Ahmad Arslan, Jorma Larimo and Shlomo Y. Tarba

Abstract

This chapter addresses equity commitment undertaken by multinational enterprises (MNEs) in transitional periphery economies. Using the resource-based view (RBV) as the theoretical basis, the authors specifically hypothesize and analyse the influences of company resources such as size, product diversity, international experience, and host country experience, on equity commitment at the time of market entry. The empirical context of this chapter is based on foreign direct investment undertaken by Nordic (Danish, Finnish, Norwegian and Swedish) MNEs in the transitional periphery economies of Belarus, Bosnia, Croatia, Georgia, Kazakhstan, Serbia, Ukraine and Uzbekistan during 1990_2009. The study results show that size and international experience are non-significant in the specific context of the transitional periphery, while host country experience is an important determinant of equity commitment. Moreover, in-depth analysis revealed different influences of company resources on equity commitment depending upon size of the host market and time period of investment.

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