Exploring the Trend of Czech FDIs and Its Link to Changing Institutional Environment

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26482789%3A_____%2F19%3AN0000151" target="_blank" >RIV/26482789:_____/19:N0000151 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.aauni.edu/data/files/2019-ifrs-conference-proceedings-v5.pdf" target="_blank" >https://www.aauni.edu/data/files/2019-ifrs-conference-proceedings-v5.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Exploring the Trend of Czech FDIs and Its Link to Changing Institutional Environment

Popis výsledku v původním jazyce

The goal of this paper is to explore FDIs in the Czech Republic and their changes in recent years using the gravity model. Apart from traditional variables used in FDI models we also introduce the institutional change -introduction of IFRS in national accounting rules. Data: We use predominantly open-source data from the WorldBank and FDI data from the Czech national bank and Czech statistical officeTools: We analyse a panel data of bilateral FDI for 19 EU countries over the period 2008-2017 usingOLS model and PPLM specification. What is new: FDI contributed significantly to the economy especially in the beginning of 1990. FDI is concentrated in major sectors -automotive, financial and wholesale.So what: Although we have observed the effect ofpositive impact on broader introduction of IFRS in 2010 in terms of country import and export we cannot identify the same significance of this dummy on FDIs in the Czech Republic. Contribution:FDI was increasing the 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. We also add variable representing institutional changes -introduction of IFRS, Here we find that the positive of IFRS exists on export and import, nevertheless in case of FDIs there the effectis mixed with other institutional issues, and therefore the corresponding dummy is not statistically significant. In the future we want to try different model specification and broader set of data similarly as in previous literature.

Název v anglickém jazyce

Exploring the Trend of Czech FDIs and Its Link to Changing Institutional Environment

Popis výsledku anglicky

The goal of this paper is to explore FDIs in the Czech Republic and their changes in recent years using the gravity model. Apart from traditional variables used in FDI models we also introduce the institutional change -introduction of IFRS in national accounting rules. Data: We use predominantly open-source data from the WorldBank and FDI data from the Czech national bank and Czech statistical officeTools: We analyse a panel data of bilateral FDI for 19 EU countries over the period 2008-2017 usingOLS model and PPLM specification. What is new: FDI contributed significantly to the economy especially in the beginning of 1990. FDI is concentrated in major sectors -automotive, financial and wholesale.So what: Although we have observed the effect ofpositive impact on broader introduction of IFRS in 2010 in terms of country import and export we cannot identify the same significance of this dummy on FDIs in the Czech Republic. Contribution:FDI was increasing the 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. We also add variable representing institutional changes -introduction of IFRS, Here we find that the positive of IFRS exists on export and import, nevertheless in case of FDIs there the effectis mixed with other institutional issues, and therefore the corresponding dummy is not statistically significant. In the future we want to try different model specification and broader set of data similarly as in previous literature.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Conference Proceedings7th International Scientific ConferenceIFRS: GLOBAL RULES &amp; LOCAL USE- BEYOND THE NUMBERS

ISBN

978-80-87956-96-0

ISSN

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e-ISSN

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Počet stran výsledku

12

Strana od-do

198-209

Název nakladatele

Metropolitan University Prague Press &amp; Anglo-American University, Prague

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

10. 10. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000649685400015