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Abstract
In this exploratory study, die autfiors attempt to determine and interpret die interdependencies between die motives and modes of setting up subsidiaries by foreign investors in Poland, and the main characteristics and performance of these subsidiaries. Two modes of setting up a subsidiary are examined: green-field and acquisition. The audiors use data collected from seven foreign subsidiaries operating in Poland and apply within-case and cross-case analytical approach to identify and interpret relationships between die variables under consideration. The results of the study lead to a formulation of eight hypotheses requiring further testing and research.