Foreign Direct Investment of Polish Companies: its scale, structure, determinants, influence on the competitiveness

This book [...] is an empirically-based analysis of the foreigl direct investment actMty of Polish companies. The book offers" a fresh perspective on foreign direct investment (FDI) and Poland. Rather than dealing with capital inflows into Poland, the book examines capital outflows in the form of foreign direct investment. This theme nas received relatively little research attention and, as such, the book should be considered an original and welcome scientific contribution relating to the Polish economy. Moreover, given both the rapid growth of foreign direct investment by Polish companies and its projected growth, the book is highly topical [...]. It provides a wide rangę of insights into the motivations, concerns and behaviours of Polish entrepreneurs investing abroad. The book forms a valuable resource for those involved in making foreign investment decisions. It also offers a useful resource for those engaged in the teaching and research of foreign investment.

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

Włodzimierz Karaszewski

Małgorzata Jaworek

Marcin Kuzel

Małgorzata Szałucka

Aneta Szóstek

Karolina Długołęcka