Foreword / 7
Introduction /9
Chapter I. Scale and Structure of Capital Outward Flow in the Form of Foreign Direct Investment - Poland and the World / 19
1.1. Th e world's foreign direct investment / 19
1.2. Foreign direct investment of Central and Eastern European countries/ 29
1.3. Polish foreign direct investment /33
Chapter II. Determinants of Foreign Direct Investment/41
2.1. Factors stimulating decisions about making foreign direct investment / 41
2.1.1. Factors stimulating foreign direct investment made by Polish companies / 43
2.1.2. Reasons for international takeovers made by Polish companies /49
2.2. Impediments to foreign direct investment made by Polish companies / 53
2.3. Polish investors' degree of expectations /59
2.4. Prospects for Polish companies' expansion in the form of foreign direct investment / 61
Chapter III. Evaluation of the Eff ectiveness of Foreign Direct Investment / 63
3.1. Evaluation of the effi ciency of the greenfi eld investment /64
3.1.1. Evaluation of effi ciency - theoretical aspects / 64
3.1.2. Diffi culties in evaluating the eff ectiveness of foreign direct investment / 66
3.1.3. Methods of evaluating the effi ciency of foreign direct investment / 69
3.1.4. Methods of evaluating income from foreign direct investment /71
3.1.5. Calculation of discounted rate in evaluation of foreign direct investment / 72
3.2. Analysis of foreign direct investment profi tability in the form of a company's takeover /74
3.2.1. Reasons for takeovers as determinants of evaluation method selection / 75
3.2.2. Methods of evaluation of a takeover target applied in takeover processes /77
Chapter IV. Foreign Direct Investment Risk / 79
4.1. Special foreign direct investment risk / 80
4.2. Foreign direct investment as a way to diversify domestic activity risk / 81
4.3. Evaluation of foreign direct investment risk / 83
Chapter V. Th e Infl uence of Foreign Direct Investment on the Competitiveness of Polish Investors / 89
5.1. Companies' competitiveness in the context of international business conducted in the form of foreign direct investment /90
5.2. Th e importance of foreign direct investment in building Polish companies' advantages - research results / 99
Chapter VI. Knowledge and Skills as Competitiveness Factors of Polish Direct Investment Companies /113
6.1. Th e level of knowledge and skills in foreign subsidiaries of Polish companies / 115
6.2. Transfer of knowledge and skills in gaining competitive advantage in countries of FDI location /118
6.3. Other sources of knowledge and skills in gaining competitive advantage in the countries of FDI /122
Chapter VII. Determinants of the Development of Companies with Polish Capital in the Federal Republic of Germany and the Russian Federation /125
7.1. Determinants of the development of companies with Polish capital in the Federal Republic of Germany (research results) /125
7.2. Determinants of the development of companies with Polish capital in the Russian Federation (research results) /132
Conclusions from the research /139
Literature /149
Foreword