Dumitriu, Ramona and Stefanescu, Razvan (2008): Perceptions of the Foreign Direct Investors on the Romanian Business Environment. Published in: Review of Management and Economical Engineering No. special issue of the Proceedings of the International Conference on Business Excellence ICBE, 17-18 October, 2008, Brasov, Romania (14 December 2008): pp. 231-234.
Download (68kB) | Preview
Other (Cover Page conversion from application/pdf to application/pdf)
In Romania the foreign direct investment had a delayed beginning in comparison with other former socialist countries. To this situation many factors contributed: the political, economical and legislative instability, the sometimes hostile authorities’ attitude a.s.o. Some of the changes from the business environment are easily anticipated, but the implications of other ones are very difficult to be estimated. In this paper we study the perceptions of some Romanian foreign direct investors using an own investigation realized at more than a year from the adhesion. In the investigation we interviewed 32 executives of FDI. The subjects included different aspects of the business environment from Romania: macroeconomic stability, labor force cost, corruption, fiscal aspects, infrastructure, political situation, cooperation with local authorities a.s.o. We also took into consideration the main positive and negative aspects of the adhesion felt by the foreign direct investors. All these aspects were connected to the expectations the executives had before the adhesion. Although the sample we used is too small in order to allow generalizations, the results of our investigation may bring indices of the foreign direct investors’ perceptions about the Romanian business environment.
|Item Type:||MPRA Paper|
|Original Title:||Perceptions of the Foreign Direct Investors on the Romanian Business Environment|
|English Title:||Perceptions of the Foreign Direct Investors on the Romanian Business Environment|
|Keywords:||Business Environment, European Integration, Foreign Direct Investors|
|Subjects:||F - International Economics > F2 - International Factor Movements and International Business > F23 - Multinational Firms ; International Business
F - International Economics > F2 - International Factor Movements and International Business > F29 - Other
F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment ; Long-Term Capital Movements
|Depositing User:||Ramona Dumitriu|
|Date Deposited:||21 Oct 2012 05:22|
|Last Modified:||29 Aug 2016 15:50|
Birsan, M., Buiga, A. (2008) FDI in Romania: evolution and main types of large firms in the manufacturing sector, OECD Global Forum on International Investment, Seventh Edition, Retrieved from: www.oecd.org/investment/gfi-7;
Dixit, A.K. and Pindyck, R.S. (1994), Investment under Uncertainty, Princeton, New Jersey.
Lee, C.M.C. and Ng, D.T. (2006), Corruption and International Valuation: Does Virtue Pay?, Cornell University Working Paper, SSRN: http://ssrn.com/abstract=934468
Mileva, E. (2008) The Impact of Capital Flows on Domestic Investment in Transition Economies, European Central Bank Working Paper No 871, Retrieved from: http://www.ecb.europa.eu;
Pauwels, S., Ionita, L. (2008) FDI in Romania: from low-wage competition to higher value-added sectors, Economic analysis from the European Commission’s Directorate-General for Economic and Financial Affairs, Volume 5, Issue 3, February;
Pindyck, R.S. (2004), Irreversibility, Uncertainty, and Investment, in Schwartz, Eduardo and Trigeorgis, Lenos (eds), Real Options and Investment under Uncertainty, Cambridge, MA / London, 199-249.
Sohinger, J. (2004) Transforming Competitiveness in European Transition Economies: The Role of Foreign Direct Investment, Working Paper PEIF-17, Retrieved from: http://ies.berkeley.edu/pubs/workingpapers/PEIF-17-Transforming_Competitiveness.pdf.
Von Kalckreuth, U. (2000), Exploring the Role of Uncertainty for Corporate Investment Decisions in Germany, Deutsche Bundesbank Discussion Paper 5/00, Frankfurt a.M.
Wolff, G.B. (2006), Foreign Direct Investment in the Enlarged EU: Do Taxes Matter and to what Extent?, Deutsche Bundesbank, Discussion Paper Series 1: Economic Series, No. 13/2006, Frankfurt a.M.