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The Application of Survival Analysis Methods in the Examination of Foreign Divestment in Poland

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Modern Classification and Data Analysis (SKAD 2021)

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Abstract

Investing is a process which takes time and can have an initial and an end phase. The same applies to foreign direct investment (FDI), which may potentially be completed through divestment. From the viewpoint of an investor who carries out foreign divestment by disposing of their shares or by liquidating an enterprise in an FDI beneficiary country, one could seek an analogy with censored cases (foreign investments which have been finalised or in which the owner of the capital has changed). Therefore, the duration of such investments may be tested using the methods applied for survival analysis. The aim of this article is to find patterns of ‘survival’ among foreign direct investments in Poland based on the relevant tables of FDI duration in Poland, by the criteria of sector and country of origin of the foreign capital. The Cox proportional hazard model will also be used to model the odds of FDI survival.

The research behind this publication was financed from a subvention allocated to Cracow University of Economics.

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Notes

  1. 1.

    The Orbis (https://orbis4.bvdinfo.com/) and Zephyr (https://zephyr.bvdinfo.com/) databases contain information on millions of companies, regarding for example mergers and acquisitions, public offerings, private equity and venture capital transactions and rumours.

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Author information

Authors and Affiliations

  1. Cracow University of Economics, Cracow, Poland

    Marcin Salamaga

Authors
  1. Marcin Salamaga
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Correspondence to Marcin Salamaga .

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Editors and Affiliations

  1. Department of Financial Investments and Risk Management, Wroclaw University of Economics and Business, Wrocław, Poland

    Krzysztof Jajuga

  2. Department of Statistics, Poznań University of Economics and Business, Poznań, Poland

    Grażyna Dehnel

  3. Department of Econometrics and Computer Science, Wroclaw University of Economics and Business, Jelenia Góra, Poland

    Marek Walesiak

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Salamaga, M. (2022). The Application of Survival Analysis Methods in the Examination of Foreign Divestment in Poland. In: Jajuga, K., Dehnel, G., Walesiak, M. (eds) Modern Classification and Data Analysis. SKAD 2021. Studies in Classification, Data Analysis, and Knowledge Organization. Springer, Cham. https://doi.org/10.1007/978-3-031-10190-8_15

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