Exploring the Trend of Czech FDIs and their Effect to Institutional Environment
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26482789%3A_____%2F20%3AN0000056" target="_blank" >RIV/26482789:_____/20:N0000056 - isvavai.cz</a>
Result on the web
<a href="https://www.ijeba.com/search" target="_blank" >https://www.ijeba.com/search</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.35808/ijeba/411" target="_blank" >10.35808/ijeba/411</a>
Alternative languages
Result language
angličtina
Original language name
Exploring the Trend of Czech FDIs and their Effect to Institutional Environment
Original language description
The goal of this paper is to explore the trend of FDIs in the Czech Republic and its changes in recent years using the gravity model. Apart from traditional variables used in FDI models we also introduce IFRS in national accounting rules. Design/Methodology/Approach: We use open-source data from the World Bank and FDI data from the Czech national bank, to analyse a panel data of bilateral FDI for 19 EU countries over the period 2008-2017 by PPML specification. Findings: We have observed significant effect of positive impact on broader introduction of IFRS in 2010 in terms of country imports and exports. We observed lower significance of IFRS dummy in the gravity model, where dependent variable is the sum of FDI inflow and FDI outflow it is not significant in the models which dependent variables are FDI inward and FDI outward for FDIs. Practical Implications: In general, FDIs increased productivity in the Czech Republic, especially in 1990s. We assess the effect and possible contribution of traditional variables like size, GDP, border and distance to Czech FDIs. Originality/Value: We find that the positive effect of IFRS exists at 10 percent significance for FDIs. Nevertheless we claim that this effect is mixed with other institutional issues, namely institutional isomorphism. Further tests will be needed after the forthcoming change of the Czech accounting act, which is approaching after 2020. © 2020 International Strategic Management Association. All rights reserved.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
nternational Journal of Economics and Business Administration
ISSN
2241-4754
e-ISSN
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Volume of the periodical
VIII
Issue of the periodical within the volume
1
Country of publishing house
GR - GREECE
Number of pages
15
Pages from-to
94-108
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85080116588