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Effects of CEOs' characteristics on internationalization of small and medium enterprises in Japan

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Recent heterogeneous-firm models of international trade suggest that productivity determines whether firms engage in export and foreign direct investment. However in practice, m Abstract any productive firms are not internationalized, whereas many unproductive firms are. This situation suggests...

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Does Tobin's q matter for firms' choices of globalization mode?

Jinji, Naoto; Zhang, Xingyuan; Haruna, Shoji - 2011

In this paper, we investigate empirically how firms' choices of globalization mode differ according to their … and FDI. Because the indexes of globalization activities have a strong negatively skewed distribution, our results … globalization mode. …