DETERMINANTS OF THE INITIAL DECISIONS BY JAPANESE FIRMS TO UNDERTAKE FOREIGN DIRECT INVESTMENT

Abstract

This paper investigates the empirical determinants of the initial FDI entry decisions by Japanese firms to enter into the U.S and Taiwanese markets. The study is based on a full-sample survey of firms listed on Japanese stock exchanges and is for the period 1976–2000. We find that a number of macro/financial as well as micro (company-specific) variables are highly significant in explaining the observed entry pattern.

Citation

Horiba, Y. and Yoshida, K. (2003), "DETERMINANTS OF THE INITIAL DECISIONS BY JAPANESE FIRMS TO UNDERTAKE FOREIGN DIRECT INVESTMENT", Choi, J.J. and Hiraki, T. (Ed.) The Japanese Finance: Corporate Finance and Capital Markets in ... (International Finance Review, Vol. 4), Emerald Group Publishing Limited, Leeds, pp. 405-422. https://doi.org/10.1016/S1569-3767(03)04019-6