Outward foreign direct investment by Polish state-owned multinational enterprises: is ‘stateness’ an asset or a burden?
Marta Gotz , Barbara Jankowska
AbstractState-owned enterprises (SOEs) are commonly associated with undue advantages due to preferential treatment by the state. Simultaneously they are often quoted as handicapped given the notorious state interference, management problems and agency tensions. They used to be regarded as a mainly domestic issue but in the context of globalisation and the fact that states enter treaties with new obligations, SOEs’ performance ceased to be solely a domestic problem, increasingly so as state-owned multinational enterprises (SOMNEs) emerge. This article presents the results of research on Polish SOEs’ outward foreign direct investment (OFDI). It offers an overview of overseas activities of nine major Polish firms with a state stake and aims to contribute to the conceptual literature on foreign investments conducted by SOMNEs. We distinguish between FDI by SOMNEs as specific – privileged (facilitated) or discriminated (hampered) – investments subject to the home country’s state power and the host country’s state perception.
|Journal series||Post-Communist Economies, ISSN 1463-1377, (A 20 pkt)|
|Publication size in sheets||1.05|
|Keywords in English||FDI-foreign direct investment, SOE-state-owned enterprise, SOMNE-state-owned multinational enterprise, Poland|
|Score||= 20.0, 17-04-2020, ArticleFromJournal|
|Publication indicators||= 0; : 2018 = 0.661; : 2017 = 0.541 (2) - 2017=0.773 (5)|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.