The Profitability of Foreign and Domestic Enterprises in Poland

• Autorzy: Magdalena Jasiniak , Radosław Pastusiak
• Języki publikacji: EN

Abstrakty

EN

The main purpose of this article is to compare the profitability of foreign and domestic enterprises in Poland. It is assumed that foreign enterprises achieve better financial results in host country than domestic enterprises because of i.e. higher innovativeness of foreign enterprises (as in technology and organizational sphere) and better capital use. The analysis was conducted among large foreign-controlled and domestic - controlled enterprises in Poland. The research results indicate that taking risk related to financing by foreign capital led the direct invested enterprises to achieve higher profitability rates what may contribute to better development of foreign companies in Poland. (original abstract)

Słowa kluczowe

EN

Foreign enterprises; Profitability; Capital structure; Financial performance

PL

Przedsiębiorstwo zagraniczne; Rentowność; Struktura kapitału; Wynik finansowy

• Czasopismo: Business and Economic Horizons
• Rocznik: 2014
• Numer: vol. 10, iss. 2
• Strony: 88--93

Twórcy

autor

Magdalena Jasiniak

• University of Lodz, Poland

autor

Radosław Pastusiak

• University of Lodz, Poland

Bibliografia

• Backley, N., 2009. Why do foreign - owned firms perform better than New Zealand- owned firms, Treasury Report T2009/2747, The Treasury Kaitohutohu Kaupapa Rawa http://www.treasury.govt.nz/publications/informationreleases/budget/2010/pdfs/b10-t2009-2747.pdf
• Basti, E., Bayyurti, E., Akin, A., 2011. A comparative performance analysis of foreign and domestic manufacturing companies in Turkey, European Journal of Economic and Political Studies, No.2, pp.134-135
• Buckley, P. J., Casson, M.C., 1991. The future of multinational enterprise, London, Macmillan
• Chkir, I.E., Cosset, J.C., 2001. Diversification strategy and capital structure of multinational corporations, Journal of Multinational Financial Management, No.11, pp.17-37
• Dunning, J.H., 1977. Trade, location of economic activity and the MNE: A search for an eclectic approach, in B. Ohlin et al. (eds.), The international allocation of economic activity, London, Macmillan
• Emmanuel, C.R., Oyelere, P.B., 2002. Differences in the reported performances of foreign - controlled and domestically controlled firms: Some U.K. evidence, Journal of International Accounting, Accounting & Taxation, No.11, pp.1-17
• Hallaward-Driemeier, M., Iarossi G., Sokoloff K.L., 2002. Exports and manufacturing productivity in East Asia: a Comparative Analysis with Firm - Level Data, NBER Working Paper, No.8894, pp.1-31
• Hymer, S.H., 1960. The international operations of national firms: A study of direct Foreign Investment, Cambridge, MA: MIT Press
• Jasiniak, M., 2013. Przedsiębiorstwa krajowe i zagraniczne w Polsce. Warunki i efekty działania, Wydawnictwo Uniwersytetu Łódzkiego
• Kindleberger, C.P., 1969. American business abroad, New Haven, CT: Yale University Press
• Kiyoji, F., Ito, K., Ug Won, H., 2005. Do out-in M&As Bring Higher TFP to Japan? An Empirical Analysis Based on Micro - Data on Japanese Manufacturing Firms, The Japanese and International Economics, No.19, pp.272-301
• Knickerbroker, F.T., 1974. Oligopolistic reaction and multinational enterprise, Cambridge, MA: Harvard Business School, Division of Research
• Notta, O., Vlachvei, A., 2008. Foreign - owned versus domestically owned firms: Evidence from Greece, NewMedit, No.4, pp.17-18
• OECD, 2008. Benchmark definition of Foreign Direct Investment, Fourth Edition, 'OECD', http://www.oecd.org/fr/daf/inv/statistiquesetanalysesdelinvestissement/fdibenchmarkdefinition.htm (30.04.2014)
• Park, S.H., Suh, J., Yeung, B., 2013. Do multinational and domestic corporations differ in their leverage policies?, Journal of Corporate Finance, No.20, pp.115 - 139.
• Wang, Z., Mathur, I., 2011. Return on capital analysis: U.S.-based multinational corporations versus U.S. domestic corporations, Journal of Multinational Financial Management, No.21, pp.191-207

Identyfikatory

DOI

10.15208/beh.2014.08