This paper analyses the ownership advantages of firms engaging in business with Central and Eastern Europe (CEE). Several kinds of ownership advantages are described, based on Dunning’s framework. To isolate ownership advantages from internalisation aspects, all forms of international business are considered jointly. Their impact is predicted, and found, to vary across five host countries considered, due specific locational characteristics. The empirical analysis finds important effects of common governance, proximity and barriers to growth. However, intangible assets and property right remain insignificant, in contrast to most prior research. The paper thus suggests that research should pay more attention to ownership advantages other than firm-specific technological knowledge.
|Place of Publication
|CEES, Copenhagen Business School
|Number of pages
|Published - Mar 1997
|Working Paper / Center for East European Studies. Copenhagen Business School