The paper refers to “a theoretical model” created by the author, named Universal Model, in which have been included most of the theories determining foreign direct investment (FDI). What derives from the literature review is that no theory dominates the decision‐making process of FDI. The...

Most large enterprises have “a global view” in the expansion of their activities and, thus, in the creation of their investment projects. They invest in specific countries when they conclude that the countries in question fulfill their goals. It is not enough that an economy of a country has...

It is conventionally thought that to develop competition in a transition economy, privatization, restructuring, and creation of new firms should take place first. Bulgaria's experience raises the question of whether its chosen methods of privatization reform, and the pace of this reform, are...

This paper examines the main incentives and barriers for the FDI projects in the Bulgarian banking sector by employing a questionnaire survey data set. The derived results indicate that a high-risk environment, market size and bureaucracy have been considered similarly either by foreign banks or...