Abstract
Relocation of production is an operation by which a company transfers part or all of its production capacity from one country to another or from one city to another. It is a current problem for industrial and other business, a visible consequence of the globalization of the world economy. Moving the company is an activity that involves a high consumption of resources over a long period of time so it must be treated with great responsibility. Being a long-term decision, it must be supported by research to determine all the factors involved and the effect they, individually or in groups, have on relocation. The article aims to identify, group and eliminate overlaps between the criteria considered in the literature. The paper presents a different approach compared to other research. The factors that determine the relocation based on a large number of researches have been identified. Subsequently, the factors were synthesized into 8 groups. For each group the most important measurement indicator was selected taking into account a large number of variants. 12 Eastern European countries were selected for which data were accessed on the 8 criteria used from international databases. Statistical data processing led to a multiple regression equation that allows the determination of the score obtained by each state analysed. The scores thus obtained were statistically processed and a cubic equation was established. Such relationships allow the identification of solutions that states must undertake to attract investors. The results can be used by companies, regardless of their size, as a large number of scientifically proven factors have been taken into account.
Highlights
Business relocation is one of the topics of interest in the countries of the world due to the spread of this phenomenon
12 Eastern European countries were selected for which data were accessed on the 8 criteria used from international databases
The results show that the interstate migration of US firms taken into account varies according to their research and development intensity [1]
Summary
Business relocation is one of the topics of interest in the countries of the world due to the spread of this phenomenon. Due to the large resources involved, relocation appears as a decision-making complex based on a number of economic, social, political and environmental factors. Relocation can be described as a strategy to move to a new location inside or outside the national gangs. The large number of variables and their dynamic and inhomogeneous characteristic make relocation a difficult decision-making act. One way to increase a company's efficiency is to use a relocation strategy. The value chain is divided into smaller components, the object of activity of a large number of suppliers, located in different parts of the globe, this being a key feature of European business
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