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What drives European multinationals to the EU neighbouring countries? A mixed methods analysis of Italian investment strategies

Ascani, Andrea, Crescenzi, Riccardo ORCID: 0000-0003-0465-9796 and Iammarino, Simona ORCID: 0000-0001-9450-1700 (2016) What drives European multinationals to the EU neighbouring countries? A mixed methods analysis of Italian investment strategies. Environment and Planning C: Government and Policy, 34. pp. 656-675. ISSN 0263-774X

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Identification Number: 10.1177/0263774X16628180


This paper aims to investigate the economic integration between the European Union and its neighbouring countries by exploring the location drivers of Italian Multinational Enterprises (MNEs) in 33 destination countries including the New Member States of the European Union (NMs) and the European Neighbouring countries (NCs). The paper compares market- and efficiency-seeking motivations with asset-seeking strategies. The analysis is based on a mixed-method approach. The quantitative analysis assess the location determinants of 518 Italian MNEs that invested in the area in the years 2003-2008, while qualitative information on strategic location decisions is collected by means of in-depth interviews with executives in two of the largest Italian MNEs active in the region. Market-seeking considerations are still predominant drivers of location decisions in EU Neighbouring Countries together with resource-seeking motivations. However, different MNEs develop diversified strategies to increase their access to these areas which are of increasing interest for global investors.

Item Type: Article
Official URL:
Additional Information: © 2016 SAGE Publications
Divisions: Geography & Environment
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
J Political Science > JN Political institutions (Europe)
JEL classification: F - International Economics > F2 - International Factor Movements and International Business > F23 - Multinational Firms; International Business
P - Economic Systems > P3 - Socialist Institutions and Their Transitions > P33 - International Trade, Finance, Investment, and Aid
R - Urban, Rural, and Regional Economics > R3 - Production Analysis and Firm Location > R30 - General
Date Deposited: 07 Jan 2016 14:52
Last Modified: 20 Oct 2021 02:22
Projects: 266834, 639633-MASSIVE-ERC-2014-STG, FP7/2007-2013, H2020/2014-2020
Funders: European Community's Seventh Framework Programme (FP7/2007-2013), European Research Council (H2020/2014-2020), Seventh Framework Programme, European Research Council

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