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Local density (the number of firms vying for similar resources in a local environment) has been overlooked in explaining foreign subsidiary performance. This study draws upon the literatures on liability of foreignness and density dependence to examine how local density within the host country...
Persistent link: https://www.econbiz.de/10014027933
of the partial privatization of Japanese national universities since 2004. This entailed university governance reform …
Persistent link: https://www.econbiz.de/10012943313
government, and for the government will be surveyed in turn. Furthermore, postal system privatization will be discussed in terms …
Persistent link: https://www.econbiz.de/10009363882
This paper uses high-frequency data for publicly-listed Japanese manufacturing firms over the period 2000 to 2010 to show that a greater reliance on foreign market sales increases the conditional volatility of firms’ stock returns. The two margins of global engagement we consider, namely,...
Persistent link: https://www.econbiz.de/10011431195
Investment (FDI), within a Dissipation of Intangible Assets framework. In a two-period model, we discuss how the threat of … knowledge spillover shapes the boundaries of a Multinational Enterprise. Similarly to the theoretical findings on the FDI …
Persistent link: https://www.econbiz.de/10010312620
This paper studies why multinational firms often share ownership of a foreign affiliate with a local partner even in the absence of government restrictions on ownership. We show that shared ownership may arise, if (i) the partner owns assets that are potentially important for the investment...
Persistent link: https://www.econbiz.de/10003726051
inward FDI stocks. For a panel of five advanced economies from 1980 to 2006 it is shown that price competitiveness, stable …-Saxon legislation also play a role. Financial competitiveness in turn encourages FDI inflows whereas it benefits fixed investment …
Persistent link: https://www.econbiz.de/10003794120
The People's Republic of China (PRC) has received enormous inflows of foreign direct investment (FDI) in recent years … perspectives on their relative importance for the three countries involved. We also analyze the industrial composition of FDI flows … over time. US FDI flows to the PRC have been less concentrated in manufacturing than average for investors in the PRC while …
Persistent link: https://www.econbiz.de/10003901563
Ever since India decided to globalize, concentrated effort was made to attract Japanese participation through foreign direct investment. However, response from Japan has been rather subdued. This paper attempts to gain some insight into this reluctance of Japanese investors by studying the...
Persistent link: https://www.econbiz.de/10003913780
This paper attempts to clarify the reasons for the rapid growth of FDI in developing countries, particularly East Asian … countries, compared with that of FDI in developed countries. To do this, we will examine the mechanics of HFDI and VFDI with a … Japanese firms; FDI choices reveals that the reduction of tariff rates attracts even less productive VFDI firms. In contrast …
Persistent link: https://www.econbiz.de/10009153903