-border variant of M&A, stronger corporate governance may also reduce M&A FDI. Hence, we use firm-level evidence from Japanese FDI … into the United States to investigate the effect of US corporate governance on Japanese M&A FDI. Our results indicate that … significantly to the sharp decline in Japanese M&A FDI in the US during the 1990s. Our evidence lends some support to the notion …

stylized two-stage investment process. First, we look at the probability of whether a Japanese firm is willing to undertake FDI …

(US) on Japanese M&A and non-M&A FDI inflows. In doing so, we expand upon Alba, Park, and Wang (2009), which looked only … Japanese M&A and non-M&A FDI into the US during the 1990s. The regulations apparently encouraged US firms to improve their …

investment drop-off, in particular competitive pressures from the People's Republic of China and heightened risk and uncertainty …