Showing 1 - 10 of 481
Using a unique database on all Japanese manufacturing plants in the United States, we examine the relationship between …
Persistent link: https://www.econbiz.de/10012471515
directly test the hypothesis that FDI is a channel of knowledge spillovers for Japanese multinationals undertaking direct … investments in the United States. Using an original firm-level data set on Japanese firms' FDI and innovative activity find … evidence that FDI increases the flow of knowledge spillovers both from and to the investing Japanese firms …
Persistent link: https://www.econbiz.de/10012470716
: the continued decline in Japanese FDI during a period of stable stock prices and a rapidly appreciating yen. However, when … are able to show that unequal access to credit by Japanese firms can explain the FDI puzzle in the 1990s. We utilize a … unique data set that links individual Japanese firms engaged in FDI to their main banks. Using both bank-level and firm …
Persistent link: https://www.econbiz.de/10012470898
reaction to adverse shocks to Sino-Japanese relations in 2005 and 2010. Japanese companies with high China exposure suffer … relative declines during each event window; a symmetric effect is observed for Chinese companies with high Japanese exposure …. The effect on Japanese companies is more pronounced for those operating in industries dominated by Chinese state …
Persistent link: https://www.econbiz.de/10012458576
This paper develops a model of informal procurement within Japanese keiretsu so as to consider effects on intermediate … production costs. Lack of information concerning investment rents combined with counterintuitive effects on imports and Japanese …
Persistent link: https://www.econbiz.de/10012471203
paper investigates whether bank ties in Japan were costly for mature and healthy firms in the 1980's and 1990's, and whether … criteria to solve the endogenous firm-sorting problem, I measure the investment-cash flow sensitivity of Japanese firms, and …
Persistent link: https://www.econbiz.de/10012469054
of corporate groups in Japan is limited. 2. Japanese groups are, in some respects, quite similar to groups in other …This paper reviews the literature on corporate groups in Japan and elsewhere, and offers a comparison of Japan … groups in Japan since the mid-1970s. The main conclusions that emerge are that: 1. Empirical evidence on the economic roles …
Persistent link: https://www.econbiz.de/10012469317
We show that industrial ownership structures, such as keiretsu groupings in Japan, may significantly impact firms … for subsequent FDI. Using data on Japanese FDI activity by both keiretsu and non-keiretsu manufacturing firms, we find …
Persistent link: https://www.econbiz.de/10012470685
Business groups often contain banks or near banks that can protect group firms from economic shocks. A group bank subordinate to other group firms can become an "organ bank" that selflessly bails out distressed group firms and anticipates a government bailout. A group bank subordinating other...
Persistent link: https://www.econbiz.de/10012599325
We study a prominent energy regulation affecting large Chinese manufacturers that are part of broader conglomerates. Using detailed firm-level data and difference-in-differences research designs, we show that regulated firms cut output and shifted production to unregulated firms in the same...
Persistent link: https://www.econbiz.de/10012599356