CAPITAL OUTFLOWS BY RUSSIAN MULTINATIONALS: EXPLANATION OF WIDER EUROPE’S DOMINANCE

Regulation of capital outflows has become an important task for the Russian economic policy. Such regulation needs the real picture of the Russian outward foreign direct investment (FDI) geography without distortions by official statistics with its data on indirect FDI via offshores. The article is...

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Autor principal: A. V. Kuznetsov
Formato: article
Lenguaje:EN
RU
Publicado: MGIMO University Press 2013
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fdi
Acceso en línea:https://doaj.org/article/4b84748e92f74a92bd200586e8b4aa4a
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spelling oai:doaj.org-article:4b84748e92f74a92bd200586e8b4aa4a2021-11-23T14:50:54ZCAPITAL OUTFLOWS BY RUSSIAN MULTINATIONALS: EXPLANATION OF WIDER EUROPE’S DOMINANCE2071-81602541-909910.24833/2071-8160-2013-4-31-92-97https://doaj.org/article/4b84748e92f74a92bd200586e8b4aa4a2013-08-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/1280https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099Regulation of capital outflows has become an important task for the Russian economic policy. Such regulation needs the real picture of the Russian outward foreign direct investment (FDI) geography without distortions by official statistics with its data on indirect FDI via offshores. The article is based on new empirical FDI data collected by the author. This information shows the dominance of Wider Europe in the Russian outward FDI geography. The regional character of many Russian multinationals can be explained by several key factors, including the importance of market-seeking FDI motives, Russian oligarchs’ attempts at increasing their bargaining power and relatively comfortable business climate of neighboring countries in combination with the lack of experience and weak state support of Russian investors abroad. At the end of the article, some measures for regulation of FDI outflows are offered for diversification of the Russian outward FDI geography. Russian companies need information and institutional support which is a crucial type of incentives for initial stages of their investment projects abroad. Bilateral investment and double taxation treaties are main measures of institutional support. State insurance of investments is a key element of support for mature projects abroad.A. V. KuznetsovMGIMO University Pressarticlerussian direct investmentsfditransnational corporationsmnesgeography of foreign investmentregulation of capital outflowsInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 4(31), Pp 92-97 (2013)
institution DOAJ
collection DOAJ
language EN
RU
topic russian direct investments
fdi
transnational corporations
mnes
geography of foreign investment
regulation of capital outflows
International relations
JZ2-6530
spellingShingle russian direct investments
fdi
transnational corporations
mnes
geography of foreign investment
regulation of capital outflows
International relations
JZ2-6530
A. V. Kuznetsov
CAPITAL OUTFLOWS BY RUSSIAN MULTINATIONALS: EXPLANATION OF WIDER EUROPE’S DOMINANCE
description Regulation of capital outflows has become an important task for the Russian economic policy. Such regulation needs the real picture of the Russian outward foreign direct investment (FDI) geography without distortions by official statistics with its data on indirect FDI via offshores. The article is based on new empirical FDI data collected by the author. This information shows the dominance of Wider Europe in the Russian outward FDI geography. The regional character of many Russian multinationals can be explained by several key factors, including the importance of market-seeking FDI motives, Russian oligarchs’ attempts at increasing their bargaining power and relatively comfortable business climate of neighboring countries in combination with the lack of experience and weak state support of Russian investors abroad. At the end of the article, some measures for regulation of FDI outflows are offered for diversification of the Russian outward FDI geography. Russian companies need information and institutional support which is a crucial type of incentives for initial stages of their investment projects abroad. Bilateral investment and double taxation treaties are main measures of institutional support. State insurance of investments is a key element of support for mature projects abroad.
format article
author A. V. Kuznetsov
author_facet A. V. Kuznetsov
author_sort A. V. Kuznetsov
title CAPITAL OUTFLOWS BY RUSSIAN MULTINATIONALS: EXPLANATION OF WIDER EUROPE’S DOMINANCE
title_short CAPITAL OUTFLOWS BY RUSSIAN MULTINATIONALS: EXPLANATION OF WIDER EUROPE’S DOMINANCE
title_full CAPITAL OUTFLOWS BY RUSSIAN MULTINATIONALS: EXPLANATION OF WIDER EUROPE’S DOMINANCE
title_fullStr CAPITAL OUTFLOWS BY RUSSIAN MULTINATIONALS: EXPLANATION OF WIDER EUROPE’S DOMINANCE
title_full_unstemmed CAPITAL OUTFLOWS BY RUSSIAN MULTINATIONALS: EXPLANATION OF WIDER EUROPE’S DOMINANCE
title_sort capital outflows by russian multinationals: explanation of wider europe’s dominance
publisher MGIMO University Press
publishDate 2013
url https://doaj.org/article/4b84748e92f74a92bd200586e8b4aa4a
work_keys_str_mv AT avkuznetsov capitaloutflowsbyrussianmultinationalsexplanationofwidereuropesdominance
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