Determinants of profit repatriation: Evidence from the Czech Republic and OECD countries as a group
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63567798" target="_blank" >RIV/70883521:28120/23:63567798 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1016/j.strueco.2023.06.007" target="_blank" >https://doi.org/10.1016/j.strueco.2023.06.007</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.strueco.2023.06.007" target="_blank" >10.1016/j.strueco.2023.06.007</a>
Alternative languages
Result language
angličtina
Original language name
Determinants of profit repatriation: Evidence from the Czech Republic and OECD countries as a group
Original language description
The paper examines the determinants of FDI profit repatriation in the Czech Republic and OECD countries as a group from 2013 to 2019. By applying the Lintner model about repatriation decisions at the national level, the paper finds the following findings. Firstly, the repatriation rate in the Czech Republic is higher than in most OECD countries. Secondly, financial development and investment opportunities negatively affect the payout ratio of OECD countries as a group, while the appreciation of host countries' currency and higher effective rates positively affect the payout ratio of OECD countries as a group. However, in the case of the Czech Republic, two factors that cause a higher payout ratio are financial development and anti-corruption enforcement. It implies that the Czech Republic should improve its financial market development and reduce the level of corruption to keep the profit from FDI in the country.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
<a href="/en/project/TL03000319" target="_blank" >TL03000319: Economy and ethics of foreign investors in the Czech Republic</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Structural Change and Economic Dynamics
ISSN
0954-349X
e-ISSN
1873-6017
Volume of the periodical
67
Issue of the periodical within the volume
neuvedeno
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
11
Pages from-to
58-68
UT code for WoS article
001042067600001
EID of the result in the Scopus database
2-s2.0-85164316434