Diplomová práce je postavena na třech hlavních kapitolách, z nich první dvě se staly východiskem pro vytvoření třetí kapitoly a to projektu. První část práce je zaměřena na teoretické poznatky, které jsou spojené s tématem diplomové práce. Druhá část práce je věnována analýze jednotlivých faktorů, jež ovlivňují rozhodování zahraničních investorů při vstupu do České republiky. Analýza je zaměřena na faktor lidských zdrojů, infrastruktury, surovin a připravenosti území, státní regulace, finančních a výrobních trhů. Východiskem této analýzy je SWOT analýza, stanovení silných a slabých stránek a také příležitostí a hrozeb, týkajících se České republiky. V této části práce je zhodnocena i práce agentury CzechInvest a systém investičních pobídek. Analytická část se stala východiskem pro třetí část práce, kde je navržena soustava opatření vedoucí ke zvýšení atraktivity České republiky pro vstup zahraničních investorů. Projektová část práce vychází jak z teoretických tak i z analytických poznatků, které vedly ke stanovení navržených opatření.

Diplomová práce je postavena na třech hlavních kapitolách, z nich první dvě se staly východiskem pro vytvoření třetí kapitoly a to projektu. První část práce je zaměřena na teoretické poznatky, které jsou spojené s tématem diplomové práce. Druhá část práce je věnována analýze jednotlivých faktorů, jež ovlivňují rozhodování zahraničních investorů při vstupu do České republiky. Analýza je zaměřena na faktor lidských zdrojů, infrastruktury, surovin a připravenosti území, státní regulace, finančních a výrobních trhů. Východiskem této analýzy je SWOT analýza, stanovení silných a slabých stránek a také příležitostí a hrozeb, týkajících se České republiky. V této části práce je zhodnocena i práce agentury CzechInvest a systém investičních pobídek. Analytická část se stala východiskem pro třetí část práce, kde je navržena soustava opatření vedoucí ke zvýšení atraktivity České republiky pro vstup zahraničních investorů. Projektová část práce vychází jak z teoretických tak i z analytických poznatků, které vedly ke stanovení navržených opatření.

This diploma thesis is dealing with the Czech retail market and an influence of foreign direct investment on it. The thesis is divided into five parts. First two chapters are focused on the theoretical definition of the foreign direct investment, trade as well and the tendencies in the international business in the 21st century. Third and fourth chapters are dealing with the inflow of the foreign direct investment into Czech Republic or with the status of the trade in the Czech economy. Fifth part is devoted to the Czech retail market -- its performance and evolution since 1989. In this chapter is also exercised comparison of the foreign and domestic enterprises in their productivity and performance.

Βασικός στόχος της εργασίας είναι η οικονομική μελέτη της Κίνας, αλλά και η παρουσίαση όλων των κοινωνικών, δημογραφικών και νομοθετικών χαρακτηριστικών, μέσα από το φάσμα των οποίων αποκαλύπτεται ο βαθμός στον οποίο η Κίνα είναι πρόσφορη για να δεχτεί Άμεσες Ξένες Επενδύσεις. Επιπλέον επιδιώκεται η παρουσίαση και η ανάλυση πολυεθνικών επιχειρήσεων από ξένες χώρες που έχουν ήδη επενδύσει και ευημερούν στο εσωτερικό της αγοράς της Κίνας. Πιο αναλυτικά, στο πρώτο κεφάλαιο καταγράφονται λεπτομερώς όλα τα βασικά χαρακτηριστικά στοιχεία της Κίνας, ως τόπος εγκατάστασης για Α.Ξ.Ε. Τα χαρακτηριστικά αυτά περιλαμβάνουν τα πληθυσμιακά στοιχεία της Κίνας, τα βασικά μεγέθη της αγοράς εργασίας, το Ακαθάριστο Εγχώριο Προϊόν και την εγχώρια ζήτηση, το βαθμό ανοίγματος της κινεζικής οικονομίας καθώς την πολιτική και οικονομική σταθερότητα της χώρας. Το κεφάλαιο ολοκληρώνεται με την τελική αξιολόγηση του τόπου εγκατάστασης και σκοπός του είναι να παρουσιάσει, να αναλύσει και να αξιολογήσει τους λόγους για τους οποίους η Κίνα γίνεται πόλος έλξης ξένων επενδύσεων και τα κίνητρα που προσφέρει ώστε να αποτελεί μια από τις πρώτες επιλογές επενδυτικών στρατηγικών στην παγκόσμια ανταγωνιστική σκακιέρα. Το δεύτερο κεφάλαιο είναι μια θεωρητική προσέγγιση και στοχεύει στην κατανόηση της έννοιας των Άμεσων Ξένων Επενδύσεων και της διεθνοποίησης των επιχειρήσεων έτσι όπως έχουν καταγραφεί από διεθνείς μελετητές. Έτσι, παρουσιάζονται και αναλύονται οι τρόποι και οι μορφές διεθνοποίησης συνυφασμένα με την έννοια και την απόκτηση του ανταγωνιστικού πλεονεκτήματος. Στο τρίτο κεφάλαιο καταγράφεται η εμπειρική ανάλυση των Α.Ξ.Ε έτσι όπως εφαρμόζονται στον πραγματικό επιχειρηματικό κόσμο. Πιο συγκεκριμένα, το κεφάλαιο περιλαμβάνει τη διαχρονική εξέλιξη των Α.Ξ.Ε, τους λόγους για τους οποίους αναπτύχθηκαν οι ξένες επενδύσεις στην Κίνα καθώς και το ανταγωνιστικό πλεονέκτημα που προσφέρει η χώρα, έναντι άλλων, στις επιχειρήσεις που επενδύουν σε αυτή. Ακολουθεί η παρουσίαση Α.Ξ.Ε που έχουν πραγματοποιηθεί στην Κίνα από ξένες χώρες, ήτοι Ιταλία, Ισπανία, Ελβετία, Αμερική, Γερμανία, Γαλλία και Ιαπωνία και τέλος παρουσιάζεται μια μελέτη περίπτωσης εφαρμογής Α.Ξ.Ε στην Κίνα της εταιρείας The Coca Cola Company. Η εργασία ολοκληρώνεται με το τέταρτο κεφάλαιο το οποίο παρουσιάζει, εκτός από τα συμπεράσματα που πηγάζουν από την μελέτη, την ευρεία στρατηγική και τους στόχους που έχει θέσει η χώρα για τα επόμενα είκοσι χρόνια ώστε να συνεχίσει την τεχνολογική και την οικονομική της ανάπτυξη έτσι ώστε να συνεχίσει να έχει πρωταγωνιστικό ρόλο στην παγκόσμια ανταγωνιστική αρένα. / The fundamental purpose of this work is China’s economic analysis and the presentation of social, demographic and legislature characteristics that help China in order to be acceptable in Foreign Direct Investments. Another purpose is the presentation and the analysis of multinational enterprises from foreign countries that already have invested and are thrived in the interior market of China. More analytically, in the first chapter are recoded at greater length, the all basic characteristic elements of China as place of installation for F.D.I. These characteristic conclude the demographic elements, basic sizes of job market, the Gross Domestic Product and the Domestic Demand, the openness degree of Chinese economy as well as the political and economic stability of country. The chapter is completed with the final evaluation of place of installation and his aim is to present, analyze and evaluate the reasons for which China becomes pole of attraction of foreigner investments and the motives that it offers, so that it constitutes one of the first choices of investment strategies in the worldwide competitive chessboard. The second chapter is a theoretical approach and it aims to the comprehension of the significance of Direct Foreign Investments and the internationalisation of enterprises thus as it has been recorded by international researchers. So, here are presented and analyzed the patterns and the forms of internationalisation as well as the significance and the acquisition of competitive advantage. In the third chapter is recorded the empiric analysis of F.D.I just like they are real applied in the worldwide enterprises world. More concretely, the chapter includes the historical development of F.D.I, the reasons for which the foreigner investments were developed in China as well as the competitive advantage the country offers in the enterprises than invest in it against other. After that it follows the presentation of F.D.I that have been actualized in China by foreigner countries such as Italy, Spain, Switzerland, America, France and Japan and finally there is a case study of application F.D.I in China by the Coca Cola Company. The study is completed with the fourth chapter in which, apart from the conclusions that flow from the study, it is committed the wide strategy and the objectives that China has placed for the next years in order to keep up with the technological and economic growth so as it continues to have a leading role in the worldwide competitive arena.

M. Comm. / Globalisation in the banking sector is on the rise and South Africa is getting a fair share of the market. There are few studies that provide any guidance to managers faced with this option. The primary objective of this research is to investigate inward FDI from China into the South African banking sector. This objective is based on the ICBC and Standard Bank partnership.

The outcome of this comparative international research provides the basic recommendations for South African policymakers on how to approach the debates around nationalisation of the mines. The dependent variable FDI was tested through the seven hypotheses. 20 resource rich countries were chosen and data was obtained from the World Bank, the Frazer Institute Annual Survey of Mining Companies and the Raw Materials Group. Regression models were run to compare the results for the total sample and two sub-sets.The outcomes of the statistical analyses revealed that geological data and political stability have the highest correlation with the independent variable FDI. Political stability was the only independent variable to have high correlations with all independent variables, implying that politics drives economics. No static regression model was obtained suggesting that each country will require a unique approach by MNCs to invest. In the light of Black Economic Empowerment (BEE), forced joint ventures in fact boost the FDIs in the mining sector. / Dissertation (MBA)--University of Pretoria, 2012. / Gordon Institute of Business Science (GIBS) / unrestricted

This thesis studies the effects of differences in the international tax system on the location of target companies and potential tax savings leading from international transactions. Using a large sample of M&A transaction data, we develop a target location choice model and estimate it by a multinomial logistic regression. The results show that differences in taxation of target and acquirer country provide opportunities for tax optimization practices that increase the probability of choosing a target location with higher tax difference. We further evaluate these effect using regression on takeover premium which shows that 1 percentage point increase in difference of effective average tax rate may cause up to 0.5 percentage point increase in takeover premium. The found effects are heterogenous for individual companies and correspond to characteristics of tax-inversions and profit shifting practices. i

Bakgrund: Olja är en av världens viktigaste råvaror. Oljan är en viktig flytande energiform där det under nästan 100 år byggts en världsomspännande väl fungerande struktur för dess distribution. Investeringar i olja är mer aktuellt än någonsin, dels för att efterfrågan idag är större än utbudet och dels för att ny oljeborrningsteknik möjliggör fler och större oljefynd. Metod: Metoden utgjordes av en studieresa till Oklahoma och Texas. Två intervjuer och två seminarier samt artiklar, litteratur och internetsidor har även använts. Avgränsning: Fallstudien har avgränsats till att omfatta direktinvestering i oljeborrning i Texas och Oklahoma. Resultat och slutsats: I Sverige är vi mer hemmastadda med andra energiformer. Vi vet inte så mycket om investeringar i oljeutvinning eftersom vi inte har denna resurs inom våra gränser. Faktum är emellertid att oljerelaterad verksamhet är världens största affärsform. Uppenbart är att det finns många fina investeringsmöjligheter för den som vet och kan hur en sådan investering skall göras. Det är väl värt att lära känna detta spännande investeringsalternativ mer i detalj. / Background: Oil is one of the world's most important commodities. Oil is an important liquid energy and for almost 100 years a worldwide well-functioning structure for the distribution oil has been built. Investments in oil are more relevant than ever, partly because the demand is currently outstripping supply and partly to new oil drilling technologies allow for greater oil discoveries. Method: The main method of this report is a field trip to Oklahoma and Texas. Two interviews and two workshops, articles, books and Internet sites have also been used. Delimitation: The case study has been limited to focus on direct investments in oil drilling in Texas and Oklahoma. Result and conclusions: In Sweden we are more comfortable with other forms of energy. We do not know much about investments in oil exploration because we do not have this resource within our borders. But the fact is that oil-related activities are the world's largest business form. Obviously, there are many great investment opportunities for those who know how such an investment can to be made. It is well worth getting to know this exciting investment option in more detail.

The topic of the thesis "Comparison of investment attractiveness between Pardubický region and Královéhradecký region" is question of foreign direct investments and investment attractiveness. First theoretical part deals with general question of foreign investments, forms of investments, positive and negative effects of investments, the last part is concentrated on CzechInvest agency and investment incentives. Second practical part is focused on analysis of investment attractiveness in Pardubický region and Královéhradecký region. Investment attractiveness analysis is transferred from international to regional level. The main objective of this thesis is confrontation of investments into the secondary industry between mentioned regions from 1998 (beginning of the providing of investment incentives) to 2007 and figure out which of them is more attractive for investors in considering where to locate their investments. The reasons and sphere of differences follow at the end of the thesis.

In this thesis we provide an updated empirical evidence on the linkage between an exchange rate and foreign direct investments (FDI). On the sample of 40 developing countries receiving FDI flows from five developed OECD econo- mies, we analyse how the strength of exchange rates, exchange rate volatility and currency regime affect FDI. Applying the Hausman-Taylor instrumental variable approach over the analysed period from 1991 to 2010, we have not found unanimous support on the role of exchange rates in influencing FDI. In the thesis, we document that over the last two decades, bilateral exchange rate volatility decreased and this can be assigned to its less-likely influence on FDI. In addition, based on the results of the analysis, we cannot confirm the wealth effect hypothesis that supposes an increase of FDI after real depreciation of developing country's currency. We ascribe this outcome to the development of average real exchange rates of developing countries that exhibited considerable strenghtening during the analysed period. We also find that de facto bilateral fixing of the currencies might be beneficial for FDI flows. The reasoning might lie in the reduction of transaction costs that is linked to credible exchange rates.