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研究生： 馬瑞俠
Maculewicz, Ryszard
論文名稱： The Determinants of Foreign Direct Investment Flow to Developing Countries: The Case of Taiwanese Investors in Poland
The Determinants of Foreign Direct Investment Flow to Developing Countries: The Case of Taiwanese Investors in Poland
指導教授： 徐木蘭
學位類別： 碩士
Master
系所名稱： 管理學院 - 國際經營管理研究所碩士班
Institute of International Management (IIMBA--Master)
論文出版年： 2009
畢業學年度： 97
語文別： 英文
論文頁數： 73
中文關鍵詞： Taiwanese investors 、Foreign direct investment 、Poland
外文關鍵詞： Taiwanese investors, Foreign direct investment, Poland
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    • This qualitative study focuses on Taiwanese FDI in Poland in general rather than individual segments of industries. Taiwanese investments in Poland are very rare, making this an innovative area of study, and potential reference point for future Taiwanese investors considering Poland as a new location to invest.
    The research presented in this thesis is divided into two parts. The first part examines six Taiwanese firms operating in Poland in terms of the determinants of their country's choice, while the second part investigates disadvantages the firms faced after setting up their businesses in Poland.
    Various methods of qualitative data collection were applied in preparation for thorough face-to-face interviews. The author used an inductive method in the data analysis process. Early findings show that geographic and economic factors such as: location, customers' needs, taxes and overall cost are the most significant for Taiwanese investors who decided to choose Poland as their host country, while factors such as: legal issues, cultural difference and bureaucracy are the most common challenges that Taiwanese investors face in Poland.

    This qualitative study focuses on Taiwanese FDI in Poland in general rather than individual segments of industries. Taiwanese investments in Poland are very rare, making this an innovative area of study, and potential reference point for future Taiwanese investors considering Poland as a new location to invest.
    The research presented in this thesis is divided into two parts. The first part examines six Taiwanese firms operating in Poland in terms of the determinants of their country's choice, while the second part investigates disadvantages the firms faced after setting up their businesses in Poland.
    Various methods of qualitative data collection were applied in preparation for thorough face-to-face interviews. The author used an inductive method in the data analysis process. Early findings show that geographic and economic factors such as: location, customers' needs, taxes and overall cost are the most significant for Taiwanese investors who decided to choose Poland as their host country, while factors such as: legal issues, cultural difference and bureaucracy are the most common challenges that Taiwanese investors face in Poland.

    TABLE OF CONTENTS ACKNOWLEDGEMENTS ........................................................................................... I ABSTRACT .................................................................................................................. II TABLE OF CONTENTS ............................................................................................. III LIST OF TABLES ....................................................................................................... VI LIST OF FIGURES ................................................................................................... VII CHAPTER ONE INTRODUCTION ............................................................................. 1 1.1 Research Background. ..................................................................................... 1 1.1.1 Taiwanese Outward FDI. ....................................................................... 3 1.1.2 Taiwanese FDI in Europe. ..................................................................... 8 1.1.3 Development of Polish Economy toward Inward FDI. ....................... 10 1.1.4 Inflow of FDI to Poland since 1993. ................................................... 12 1.2 Motivation. ..................................................................................................... 15 1.3 Purpose of the Study. ..................................................................................... 16 CHAPTER TWO LITERATURE REVIEW ............................................................... 17 2.1 Definition of FDI. .......................................................................................... 17 2.2 Theoretical Background. ................................................................................ 18 2.3 Recent Empirical Studies. .............................................................................. 19 2.3.1 Exchange Rates and FDI. .................................................................... 19 2.3.2 Tax Polices and FDI. ........................................................................... 21 2.3.3 Information and FDI. .......................................................................... 22 2.3.4 Other Theory-based Determinants of FDI. ......................................... 23 2.4. Overall Critique. ........................................................................................... 24 CHAPTER THREE METHODOLOGY ..................................................................... 25 3.1. Qualitative Instruments. ................................................................................ 25 3.2. Sampling. ...................................................................................................... 26 3.3. Data Collection. ............................................................................................ 28 3.4 Data Analysis. ................................................................................................ 29 CHAPTER FOUR RESEARCH RESULTS ............................................................... 31 4.1 The Determinants of Country’s Choice. ........................................................ 31 4.1.1 Location. .............................................................................................. 32 4.1.2 Customers’ Needs. ............................................................................... 33 4.1.3 Taxes. ................................................................................................... 34 4.1.4 Cost. ..................................................................................................... 34 4.1.5 Exchange Rate. .................................................................................... 34 4.1.6 Information about the Country. ........................................................... 35 4.1.7 Skills. ................................................................................................... 35 4.2 Disadvantages after Entering Polish Market. ................................................. 36 4.2.1 Legal Issues. ........................................................................................ 36 4.2.2 Culture Shock. ..................................................................................... 36 4.2.3 Bureaucracy. ........................................................................................ 38 4.2.4 Highways Infrastructure. ..................................................................... 38 4.2.5 Language. ............................................................................................ 38 4.2.6 Wage. ................................................................................................... 39 4.3 Executive Summary. ...................................................................................... 39 CHAPTER FIVE CONCLUSION AND RECOMENDATIONS ............................... 42 5.1 Conclusions. ................................................................................................... 42 5.2 Limitations. .................................................................................................... 45 5.3 Implications. ................................................................................................... 46 5.3.1 Implications for Polish Government. .................................................. 46 5.3.2 Implications for Taiwanese Investors. ................................................. 47 5.4 Suggestions for Future Research. .................................................................. 47 REFERENCES ............................................................................................................ 48 APPENDICES ............................................................................................................. 53 Appendix I: Taiwanese Outward Investment Worldwide (excluding China) ...... 53 Appendix II: List of Taiwanese Investors in Poland ............................................ 54 Appendix III: Interviews ...................................................................................... 55

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