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Dunning's eclectic paradigm: A holistic, yet context specific framework for analysing the determinants of outward FDI:Evidence from international Greek investments

Stoian, Carmen R., Filippaios, Fragkiskos (2008) Dunning's eclectic paradigm: A holistic, yet context specific framework for analysing the determinants of outward FDI:Evidence from international Greek investments. International Business Review, 17 (3). pp. 349-367. ISSN 0969-5931. (doi:10.1016/j.ibusrev.2007.12.005) (KAR id:9871)

Abstract

During the last two decades Greece has emerged as a key regional player and one of the largest investors in the Central

foreign direct investment in Southeast Europe. Southeast European and Black Sea Studies, 4(3), 458–90; Demos, A.,

Greece. International Journal of the Economics of Business, 11(3), 329–48; Kekic, L. (2005). Foreign direct investment in the

neighbouring markets in the early 1990s the Greek firms and entrepreneurs grabbed the opportunity to exploit their

ownership and location advantages in determining the internalisation decisions by Greek investors participating in the

of analysing foreign direct investment (FDI) determinants. To set the OLI in a specific context, we account for the different

been made. This paper’s second major contribution is that by looking at both ownership advantages and institutional

expansion of Greek firms occurs primarily in similar countries with small market size, and open economies. Rule of law and

Finally, a significant finding is that of the existence of a learning curve in the Greek firms’ international expansion.

Item Type: Article
DOI/Identification number: 10.1016/j.ibusrev.2007.12.005
Uncontrolled keywords: Central; Eastern and South-Eastern European countries; Eclectic paradigm; Foreign direct investment; Greece
Subjects: H Social Sciences
H Social Sciences > H Social Sciences (General)
Divisions: Faculties > Social Sciences > Kent Business School > International Business and Strategy
Depositing User: Carmen Stoian
Date Deposited: 18 Mar 2009 18:21 UTC
Last Modified: 06 Feb 2020 04:02 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/9871 (The current URI for this page, for reference purposes)
Stoian, Carmen R.: https://orcid.org/0000-0001-9329-8181
Filippaios, Fragkiskos: https://orcid.org/0000-0002-7458-1333
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