An Exploratory Analysis of Joint Ventures' Performance in Romania

Helmenstein, Christian and Voicu, Ioan (January 1995) An Exploratory Analysis of Joint Ventures' Performance in Romania. Former Series > Reihe Osteuropa / East European Series 17


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Abstract: This paper gives empirical evidence for the superior performance of foreign direct investment in Romania in the presence of highly labor-intensive production and large market shares. Performance is measured in terms of investment volume and net profits. Partial state-ownership in joint ventures adversely affects performance, while a higher degree of import competition - in contrast to common conviction - favors profits during this stage of reforms. According to the results of a profitability analysis, the optimal size per investment has neither been reached nor even been surpassed yet.;

Item Type: IHS Series
Keywords: 'Economic Transition' 'Joint Ventures' 'Romania' 'Manufacturing Industry'
Classification Codes (e.g. JEL): F21, O12, F15, C21
Date Deposited: 26 Sep 2014 10:36
Last Modified: 01 Apr 2016 14:09

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