<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>International business research is usually focused on various aspects of foreign direct investment (FDI) by non<italic>-</italic>European emerging<italic>-</italic>market multinational enterprises (EMNEs) without attention to non<italic>-</italic>traditional factors pulling them into host countries. The objective of this paper is to examine the investments of EMNEs from two source countries, China and Russia, within the Visegrad Four (V4) economies. Based on interviews and a qualitative document analysis, it explores the main characteristics of their investments into the V4, including host<italic>-</italic>country determinants by focusing on macroeconomic, institutional and political factors. The paper finds that these factors do influence EMNEs’ investment practices, and that they correlate with the changing quality of political relations, but this influence needs to be assessed on a case<italic>-</italic>by<italic>-</italic>case basis.</p>
</abstract>

International business research is usually focused on various aspects of foreign direct investment (FDI) by non-European emerging-market multinational enterprises (EMNEs) without attention to non-traditional factors pulling them into host countries. The objective of this paper is to examine the investments of EMNEs from two source countries, China and Russia, within the Visegrad Four (V4) economies. Based on interviews and a qualitative document analysis, it explores the main characteristics of their investments into the V4, including host-country determinants by focusing on macroeconomic, institutional and political factors. The paper finds that these factors do influence EMNEs’ investment practices, and that they correlate with the changing quality of political relations, but this influence needs to be assessed on a case-by-case basis.

The role of institutional and political factors in attracting Chinese and Russian multinationals to the Visegrad countries

Ágnes Szunomár is an Associate Professor at Corvinus University of Budapest, Hungary and Senior Research Fellow at the Institute of World Economics, HUN-REN Centre for Economic and Regional Studies

Tamás Peragovics is Research Fellow at the Institute of World Economics, HUN-REN Centre for Economic and Regional Studies

Csaba Weiner is Senior Research Fellow at the Institute of World Economics, HUN-REN Centre for Economic and Regional Studies

Politics in Central Europe

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

International business research is usually focused on various aspects of foreign direct investment (FDI) by non-European emerging-market multinational...

The role of institutional and political factors in attracting Chinese and Russian multinationals to the Visegrad countries

Published Online: Jul 23, 2024

Page range: 271 - 301

DOI: https://doi.org/10.2478/pce-2024-0012

Keywords
emerging-market multinationals, China, Russia, Visegrad Four, outward foreign direct investment, institutional and political pull factors

© 2024 Ágnes Szunomár et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The role of institutional and political factors in attracting Chinese and Russian multinationals to the Visegrad countries

Published Online: Jul 23, 2024

Page range: 271 - 301

DOI: https://doi.org/10.2478/pce-2024-0012

Keywordsemerging-market multinationals, China, Russia, Visegrad Four, outward foreign direct investment, institutional and political pull factors

© 2024 Ágnes Szunomár et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
emerging-market multinationals, China, Russia, Visegrad Four, outward foreign direct investment, institutional and political pull factors