Publication detail

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

Author(s): doc. PhDr. Adam Geršl Ph.D., Michal Hlaváček
Type: Articles in journals with impact factor
Year: 2007
Number: 20
ISSN / ISBN: ISSN: 0015-1920
Published in: Czech Journal of Economics and Finance, 57(9-10), pp.448-464
Publishing place: Praha
Keywords: corporate finance; foreign direct investment; life cycle of investment
JEL codes: F21, G32; L25
Suggested Citation:
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.

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