As a result of globalization in the world economy, firms with different nationalities are now engaging in the production of goods or services. The potential of a firm's growth driven from participation in the global value chain (GVC) has long been pointed out although figuring out firms' GVC...

Emerging economies, with steady and high growth, have been increasing their share of the world trade, as well as strengthening their export competitiveness in industries where developed countries have captured the world market.Based on recent trade theory and empirics, the commencement of...

In recent years, Japanese manufacturing firms have been actively breaking into not only the competitive sectors but also the less competitive sectors of emerging economies and under these circumstances the increase of sales by foreign affiliates through FDI has been more prominent than the...

This paper empirically examines the impact of board diversity on firms' innovative activity, taking advantage of the unique firm-level dataset in the period 2000-2011 in Japan. We constructed measurements of the degree of board diversity by using various characteristics of board members such as...

Studies on the globalization of firm activities have been progressing rapidly, but empirical studies on service trade using firm level data have been scarce. This paper, using panel data for Japanese firms, analyzes the relationship between service trade and firm characteristics such as...

We investigate the parts transactions between finished auto manufacturers and first tier parts suppliers in Japan from 1989 to 2010. Our main results are as follows:- The density of transaction networks has grown throughout the investigated period. In the 2000s, it was due mainly to suppliers...

Market openness improves the efficiency of business operations through various channels, and firms' usage of imported intermediate goods is one of such conduits. This paper empirically examines the effects of import of intermediates on Japanese manufacturers' productivity and profitability by...

In this paper, we examine whether consumption is in response to the change of expectations of income in urban China, namely, testing for excess sensitivity of consumption using subjective income expectations from the panel "Survey of Living Preferences and Satisfaction," conducted at Osaka...

In this paper, we investigate the causes and impacts of the recent changes in the inter-firm business relationships in the Japanese automobile industry from 1994-2010. Our main results are the following: First, we find that buyer-supplier relationships in the automobile industry in Japan have...

To elucidate the relationship between the great trade collapse of 2008-09 and financial shocks, existing literature has focused on the channel of trade credit. Because exporting activities are more working-capital dependent than domestic sales, firms may reduce their exports when their banks'...