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Greenfield foreign direct investment: Social learning drives persistence
Ng, Joe Cho Yiu; Chan, Chao Hung; Tsang, Kwok Ping; … - 2022
This paper argues that the persistence of greenfield foreign direct investment (FDI) comes from information frictions …. First, our simple social learning model shows that, through signaling effects, information frictions generate persistent … different proxies for information frictions, including six institutional and governance indicators and two common language …
Persistent link: https://www.econbiz.de/10013349613
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Foreign direct investment and cost uncertainty: Correlation and learning effects
Creane, Anthony; Miyagiwa, Kaz - 2007
We examine a foreign firm's choice between exporting and foreign direct investment (FDI) under country-specific cost uncertainty. Unlike exporting, FDI exposes foreign and home firms to common shocks. This results in a correlation of strategies, harming the firms. However, the exposure to common...
Persistent link: https://www.econbiz.de/10010332405
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The Trading Mechanisms for Tort Liability.
Tsuneki, A - Institute of Social and Economic Research (ISER), Osaka … - 1996
This article has extended the Coase theorem to our environment of incomplete information. We have suggested the … existence of efficient trading mechanisms in two alternative information structures. …
Persistent link: https://www.econbiz.de/10008603008
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A comment on Nishimura, Nakajima, and Kiyota's "Does the natural selection mechanism still work in severe recessions? Examination of the Japanese economy in the 1990s"
Okada, Tae; Horioka, Charles Yuji - 2007
Nishimura, Nakajima, and Kiyota (2005) analyze the entry/exit behavior patterns of Japanese firms during the 1990s and find that relatively efficient (high total factor productivity (TFP)) firms exited while relatively inefficient (low TFP) firms survived during the banking-crisis period of...
Persistent link: https://www.econbiz.de/10010332355
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Debt, R&D investment and technological progress: A panel study of Japanese manufacturing firms in the 90s
Ogawa, Kazuo - 2004
Based on a panel data set of Japanese manufacturing firms in research-intensive industries, we investigate quantitatively the extent to which debt outstandings in the 90s affected the firm's R&D activities. We find that massive debt outstandings had significantly negative effect on R&D...
Persistent link: https://www.econbiz.de/10010332359
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Who benefits from resale-below-cost laws?
Matsushima, Noriaki; Miyaoka, Akira - 2013
We investigate the effect of banning resale-below-cost offers. There are two retailers with heterogeneous bargaining positions in relation to a monopolistic manufacturer. Each retailer sells two goods: one procured from the monopolistic manufacturer and the other, from a competitive fringe. In...
Persistent link: https://www.econbiz.de/10010332458
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Should Brand Firms Always Take Pioneering Position?
Pan, Cong - 2018
We revisit an endogenous timing game with consumers who are heterogeneous in their willingness to pay (WTP). Previous studies have shown that when firms compete in quantity, a simultaneous moving outcome (leader-leader) must be presented in equilibrium. In contrast to this result, we find that...
Persistent link: https://www.econbiz.de/10012937235
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Who Benefits from Resale-Below-Cost Laws?
Matsushima, Noriaki; Miyaoka, Akira - 2013
We investigate the effect of banning resale-below-cost offers. There are two retailers with heterogeneous bargaining positions in relation to a monopolistic manufacturer. Each retailer sells two goods: one procured from the monopolistic manufacturer and the other, from a competitive fringe. In...
Persistent link: https://www.econbiz.de/10014157025
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College admissions and the role of information: An experimental study
Pais, Joana; Pintér, Agnes; Veszteg, Róbert F. - 2008
experimental lab in three different informational settings, and study the role of information in individual decision making. Our … truthful preference revelation. In addition, we find that information has an important effect on truthful behavior and … stability. Nevertheless, regarding efficiency, the Gale-Shapley mechanism is less sensitive to the amount of information …
Persistent link: https://www.econbiz.de/10010332350
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The hidden curriculum and social preferences
Ito, Takahiro; Kubota, Kohei; Ohtake, Fumio - 2015
This paper examines the effects of school curricula on subsequent preference formation. The estimation results, using Japanese data, show that the actual curriculum at public elementary schools varies widely from area to area and is associated with preference formation. Specifically, pupils who...
Persistent link: https://www.econbiz.de/10011421459