János Bolyai Research Scholarship of the Hungarian Academy of Sciences
(ÚNKP-23-5-CORVINUS-153) Támogató: ÚNKP
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.
