The Baltics in the Geography of the Largest Transnational Corporations of Europe

The aim of this study is to examine the place of the Baltic States on the corporate world map, a contemporary, foreign-investment-driven alternative to the more familiar political map. To this end, the author studies the geographical place of the Baltics in the documentation of transnational corpora...

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Main Author: Kuznetsov Alexey
Format: Article
Language:English
Published: Immanuel Kant Baltic Federal University 2015-03-01
Series:Baltic Region
Subjects:
Online Access:https://journals.kantiana.ru/upload/iblock/622/Kuznetsov%20A._25-35.pdf
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author Kuznetsov Alexey
author_facet Kuznetsov Alexey
author_sort Kuznetsov Alexey
collection DOAJ
description The aim of this study is to examine the place of the Baltic States on the corporate world map, a contemporary, foreign-investment-driven alternative to the more familiar political map. To this end, the author studies the geographical place of the Baltics in the documentation of transnational corporations. The research database consists of financial reports and presentations of 60 leading European (including Russian) transnational corporations. Special attention is paid to companies from countries with significant FDI stock in the Baltic States. This study is a first step towards analyzing international investors’ interpretation of the new European borders. The connection between the neighborhood effect on FDI distribution and geographical segmentation in the corporate paperwork is established. Some companies use a multilevel division (e. g. Europe/Eastern Europe), where the Baltics is usually associated with “Europe” (with or without Russia and Turkey). However, in some cases the Baltic States are clustered u nder “home market” (as is the case with some Swedish companies), “former Soviet Union” (some Russian companies), “Northern Europe and Central Asia,” and even “Middle East and Eastern Europe." Varying understanding of where exactly th borders of Europe lie could explain the plurality of attitudes of the European business establishment to the EU sanctions against Russia.
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spelling doaj.art-72030c9ca64149d7987556e75af2b1652022-12-21T22:48:52ZengImmanuel Kant Baltic Federal UniversityBaltic Region2079-85552310-05242015-03-0171253510.5922/2079-8555-2015-1-2The Baltics in the Geography of the Largest Transnational Corporations of EuropeKuznetsov Alexey 0Institute of World Economy and International RelationsThe aim of this study is to examine the place of the Baltic States on the corporate world map, a contemporary, foreign-investment-driven alternative to the more familiar political map. To this end, the author studies the geographical place of the Baltics in the documentation of transnational corporations. The research database consists of financial reports and presentations of 60 leading European (including Russian) transnational corporations. Special attention is paid to companies from countries with significant FDI stock in the Baltic States. This study is a first step towards analyzing international investors’ interpretation of the new European borders. The connection between the neighborhood effect on FDI distribution and geographical segmentation in the corporate paperwork is established. Some companies use a multilevel division (e. g. Europe/Eastern Europe), where the Baltics is usually associated with “Europe” (with or without Russia and Turkey). However, in some cases the Baltic States are clustered u nder “home market” (as is the case with some Swedish companies), “former Soviet Union” (some Russian companies), “Northern Europe and Central Asia,” and even “Middle East and Eastern Europe." Varying understanding of where exactly th borders of Europe lie could explain the plurality of attitudes of the European business establishment to the EU sanctions against Russia.https://journals.kantiana.ru/upload/iblock/622/Kuznetsov%20A._25-35.pdfBaltic Sea Statestransnational corporationgeographical segmentborders of Europeforeign direct investment
spellingShingle Kuznetsov Alexey
The Baltics in the Geography of the Largest Transnational Corporations of Europe
Baltic Region
Baltic Sea States
transnational corporation
geographical segment
borders of Europe
foreign direct investment
title The Baltics in the Geography of the Largest Transnational Corporations of Europe
title_full The Baltics in the Geography of the Largest Transnational Corporations of Europe
title_fullStr The Baltics in the Geography of the Largest Transnational Corporations of Europe
title_full_unstemmed The Baltics in the Geography of the Largest Transnational Corporations of Europe
title_short The Baltics in the Geography of the Largest Transnational Corporations of Europe
title_sort baltics in the geography of the largest transnational corporations of europe
topic Baltic Sea States
transnational corporation
geographical segment
borders of Europe
foreign direct investment
url https://journals.kantiana.ru/upload/iblock/622/Kuznetsov%20A._25-35.pdf
work_keys_str_mv AT kuznetsovalexey thebalticsinthegeographyofthelargesttransnationalcorporationsofeurope
AT kuznetsovalexey balticsinthegeographyofthelargesttransnationalcorporationsofeurope