Arbeitspapier

Firm-Specific Characteristics and the Timing of Foreign Direct Investment Projects

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This paper uses a proportional hazard model to study foreign direct investment by Japanese manufacturers in Europe between 1970 and 1994. We divide each firm?s investment total into a sequence of individual investment decisions and analyze how firm-specific characteristics affect each decision. We find that total factor productivity is a significant determinant of a firm?s initial and subsequent investments. Parent-firm size does not have a significant influence on the initial decision to invest. Large firms simply have more investments than smaller firms. Other firm-specific characteristics, such as the R&D intensity, export share and keiretsu membership, also play a role in the investment process.

Sprache
Englisch

Erschienen in
Series: Economics Working Paper ; No. 2007-22

Klassifikation
Wirtschaft
Multinational Firms; International Business
Firm Objectives, Organization, and Behavior: General
Thema
Foreign direct investment
productivity
hazard model
Japan
keiretsu
Direktinvestition
Japanisch
Multinationales Unternehmen
Produktivität
Keiretsu
Schätzung
Japan
Europa

Ereignis
Geistige Schöpfung
(wer)
Ryan, Michael
Raff, Horst
Ereignis
Veröffentlichung
(wer)
Kiel University, Department of Economics
(wo)
Kiel
(wann)
2007

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Ryan, Michael
  • Raff, Horst
  • Kiel University, Department of Economics

Entstanden

  • 2007

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