Determinants of profit repatriation: Evidence from the Czech Republic and OECD countries as a group

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Determinants of profit repatriation: Evidence from the Czech Republic and OECD countries as a group

Popis výsledku v původním jazyce

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&apos; 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.

Název v anglickém jazyce

Determinants of profit repatriation: Evidence from the Czech Republic and OECD countries as a group

Popis výsledku anglicky

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&apos; 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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

<a href="/cs/project/TL03000319" target="_blank" >TL03000319: Ekonomika a etika zahraničních investorů v České republice</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

Structural Change and Economic Dynamics

ISSN

0954-349X

e-ISSN

1873-6017

Svazek periodika

67

Číslo periodika v rámci svazku

neuvedeno

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

11

Strana od-do

58-68

Kód UT WoS článku

001042067600001

EID výsledku v databázi Scopus

2-s2.0-85164316434