scholarly journals Venture Capital, Private Equity and Foreign Direct Investment: Case Study of the Czech Republic

2015 ◽  
Vol 30 ◽  
pp. 680-689 ◽  
Author(s):  
Ondrej Ptacek ◽  
Bozena Kaderabkova ◽  
Marian Piecha
Keyword(s):  
Foreign Direct Investment ◽  
Czech Republic ◽  
Venture Capital ◽  
Direct Investment ◽  
Private Equity ◽  
The Czech Republic

Investment Attractiveness of Visegrad Group Countries

2014 ◽  
pp. 740-775 ◽  
Author(s):  
Tomasz Dorożyński ◽  
Anetta Kuna-Marszałek
Keyword(s):  
Foreign Direct Investment ◽  
Czech Republic ◽  
Direct Investment ◽  
Economic Transformation ◽  
Geographic Proximity ◽  
The Czech Republic ◽  
Shared Experiences ◽  
Main Determinants ◽  
Political Economic ◽  
Visegrad Group

The aims of this chapter are to evaluate the main determinants of the inflow of FDI into selected countries of CEE and to examine the volume, dynamics, and structure of FDI inflow into these countries. Due to certain similarities, the authors focus the analysis on four countries: Poland, the Czech Republic, Hungary, and Slovakia. The reasons are geographic proximity, political, economic, and cultural similarities, as well as shared experiences of economic transformation. This chapter focuses on matters pertaining to foreign direct investment, mostly on the reasons motivating FDI inflow in light of selected studies and theories. The authors also provide characteristics of the dynamics and structure of FDI inflow into the V4 countries. The final part of the chapter compares investment attractiveness, the system of incentives, and identifies barriers facing investors in the analyzed countries.

scholarly journals Size of foreign direct investment and firm characteristics

2018 ◽  
Author(s):  
Hecht Veronika ◽  
Moritz Michael ◽  
Noska Patricia ◽  
Schäffler Johannes
Keyword(s):  
Foreign Direct Investment ◽  
Czech Republic ◽  
Direct Investment ◽  
Multinational Firms ◽  
Sample Selection ◽  
Indirect Measurement ◽  
Empirical Literature ◽  
Firm Level ◽  
Data Set ◽  
The Czech Republic

This paper focuses on the role of classifying types of foreign direct investment (FDI) for analysing the determinants of cross-border investment relationships. We base our investigation on a newly established firm-level data set of German multinational firms and their affiliates in the Czech Republic that allows various categorisations into vertical foreign direct investment (VFDI) and horizontal foreign direct investment (HFDI). Apart from data for conventional approaches to classifying FDI types, the surveyed information contained herein also includes a detailed self-assessment of the firms with respect to investment motives, and specifications on intra-firm trade and the flow of intermediate inputs. In order to correct for sample selection, we apply a two-step Heckman procedure by comparing multinational firms that have an affiliate in the Czech Republic to companies without investment abroad. The results for the direct measures of FDI types confirm theoretical expectations and previous empirical literature and stand in marked contrast to the outcome for indirect measurement concepts. Our finding leads us to the conclusion that one should be more cautious in interpreting differences between vertical and horizontal FDI when using approximative classification concepts.

scholarly journals Private equity and venture capital financing in the Czech Republic and other european countries – development, opportunities and limitations

2011 ◽  
Vol 59 (7) ◽  
pp. 307-316
Author(s):  
Jaroslava Rajchlová ◽  
Zdeněk Brož ◽  
Michaela Baranyková ◽  
Michal Polák
Keyword(s):  
Czech Republic ◽  
Venture Capital ◽  
Private Equity ◽  
Positive Impact ◽  
Time Frame ◽  
European Countries ◽  
The Czech Republic ◽  
Business Plans ◽  
Low Level ◽  
Capital Financing

Financing by means of private equity and venture capital (PE/VC) offers businesses the resources required to finance their future growth and bring prospective business plans and innovative ideas to reality. This form of financing is relatively new and even though it offers clear advantages it is not frequently used in the Czech Republic and other European countries in the CEE region. This paper addresses current and very relevant issues related to this form of financing. The purpose of this research is to identify opportunities and limitations for this type of financing based on benchmarking analysis. This analysis observes the development of PE/VC financing in the Czech Republic and compares it with several other countries in the CEE region. This paper discusses several factors that influence the development of PE/VC financing. Several conclusions can be drawn from this research. The Czech Republic is in 10th place in the utilization of venture capital from the selected 22 countries covered in this research. The time frame for this research is between 2004 and 2010. After thorough analysis of development and conditions in other countries a list of recommended changes that have proven positive impact on the whole economy is formulated. The relatively low level of utilization of the venture capital in the Czech Republic may be due to several things for example by a lack of knowledge of this form of financing and the inability of the management to formulate a business plan that is interesting for the PE/VC investor. The managers are often afraid of the administrative complexity and also the investor expects relatively high profitability of the investment. Another possible limitation is that the public issuing of stocks is used rarely in the Czech Republic. Another cause for the low level of utilization is the absence of public and institutional support for this form of financing. Venture capital has clear and measurable positive impacts on the whole economy and it is therefore important to support and research the use of this method of financing.

Trade and FDI Between the Czech Republic and Portugal

2017 ◽  
pp. 200-225 ◽  
Author(s):  
Lenka Novotná ◽  
Inês Martins ◽  
António Moreira
Keyword(s):  
European Union ◽  
Foreign Direct Investment ◽  
Czech Republic ◽  
Eastern Europe ◽  
Market Economy ◽  
Direct Investment ◽  
The European Union ◽  
The Czech Republic ◽  
Collapse Of Communism ◽  
European Economies

With the collapse of communism, some former communist States of Eastern Europe managed to muddle through their way to a market economy and entered the European Union. This brought about the acceleration of Foreign Direct Investment (FDI) among the European economies and accelerated the globalization process. Although there is plenty of research on FDI and trade among countries, the aim of this chapter is to analyze how trade between Portugal and the Czech Republic have evolved over form 2000 until 2015. The chapter seeks to complement previous studies on FDI and trade as Portugal and the Czech Republic are part of the European Union, but have had different historical, cultural, and economic paths. The main conclusion of the chapter is that trade between both countries has grown significantly. The main reason affecting trade between both countries is the economic unrest Portugal has been through since 2008.

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