Business performance management and FDI: Key differences between foreign and domestic-owned firms - A case of Slovakia

Rajnoha, Rastislav; Merková, Martina; Dobrovič, Ján; Rózsa, Zoltán

dc.title	Business performance management and FDI: Key differences between foreign and domestic-owned firms - A case of Slovakia	en
dc.contributor.author	Rajnoha, Rastislav
dc.contributor.author	Merková, Martina
dc.contributor.author	Dobrovič, Ján
dc.contributor.author	Rózsa, Zoltán
dc.relation.ispartof	Journal of Business Economics and Management
dc.identifier.issn	1611-1699 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued	2018
utb.relation.volume	19
utb.relation.issue	1
dc.citation.spage	42
dc.citation.epage	62
dc.type	article
dc.language.iso	en
dc.publisher	Vilnius Gediminas Technical University
dc.identifier.doi	10.3846/jbem.2018.1538
dc.relation.uri	http://www.mla.vgtu.lt/index.php/JBEM/article/view/1538
dc.subject	Business economics	en
dc.subject	Business performance management	en
dc.subject	Foreign direct investment	en
dc.subject	Foreign-owned firms	en
dc.subject	Intangibles	en
dc.subject	R&D investments	en
dc.description.abstract	The empirical study defines typical investment behaviour of foreign-owned firms against local firms and highlights benefits and any discrepancies of foreign capital. The paper focuses on industrial enterprises in Slovakia mainly from the automotive, engineering and wood-processing industry (N = 164). Results show the significant dependence of foreign ownership and better business performance compared with domestic firms. The performance was expressed through ROE indicator. Enterprises with the foreign participation of property achieve better performance, most typically with ROE above 10% (p-value < 0.05). The better performance, as well as distinctive feature of intangibles and research & development investments, are typically in foreign-owned firms. Intangibles and R&D as crucial investments do not directly cause better business performance in foreign-owned firms, and we discuss the reasons. The research results offer relevant and interesting implications for managers behaviour, also public authorities as well as motives for further investigation of the business performance management and foreign direct investment issues. © 2018 The Author(s).	en
utb.faculty	Faculty of Management and Economics
dc.identifier.uri	http://hdl.handle.net/10563/1007975
utb.identifier.obdid	43878257
utb.identifier.scopus	2-s2.0-85047064104
utb.identifier.wok	000440620100003
utb.source	j-scopus
dc.date.accessioned	2018-07-27T08:47:37Z
dc.date.available	2018-07-27T08:47:37Z
dc.description.sponsorship	VEGA Project [1/0255/2016]
dc.rights	Attribution 4.0 International
dc.rights.uri	https://creativecommons.org/licenses/by/4.0/
dc.rights.access	openAccess
utb.contributor.internalauthor	Rajnoha, Rastislav
utb.fulltext.affiliation	Rastislav RAJNOHA 1* , Martina MERKOVÁ 2 , Ján DOBROVIČ 3 , Zoltán RÓZSA 4 1 Faculty of Management and Economics, Tomas Bata University in Zlín, nám. T. G. Masaryka 5555, 760 01 Zlín, Czech Republic 2 Department of Business Economics, Technical University in Zvolen, ul. T. G. Masaryka 2117/24, 960 53 Zvolen, Slovakia 3 Faculty of Management, University of Prešov, ul. 17. novembra 15, 080 01 Prešov, Slovakia 4 Department of Management, School of Economics of Public Administration Management in Bratislava, Furdekova 16, 851 04 Bratislava 5, Slovakia *Corresponding author. E-mail: rajnoha@fame.utb.cz
utb.fulltext.dates	Received 14 October 2017 accepted 01 March 2018
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utb.fulltext.sponsorship	The contribution is the result of VEGA Project No. 1/0255/2016 „The research on the possibility of optimization of process-oriented models of the financial administration management with a focus on transfer pricing and tax harmonization in the terms of EU”.
utb.scopus.affiliation	Faculty of Management and Economics, Tomas Bata University in Zlín, nám. T. G. Masaryka 5555, Zlín, Czech Republic; Department of Business Economics, Technical University in Zvolen, ul. T. G. Masaryka 2117/24, Zvolen, Slovakia; Faculty of Management, University of Prešov, ul. 17. novembra 15, Prešov, Slovakia; Department of Management, School of Economics of Public Administration Management in Bratislava, Furdekova 16, Bratislava 5, Slovakia
utb.fulltext.projects	1/0255/2016