Arbeitspapier
Determinants of Different Modes of FDI: Firm-Level Evidence from Japanese FDI into the United States
There are four major modes through which firms undertake foreign direct investment (FDI): merger and acquisition (M&A), joint venture, new plant, and others. The four modes of FDI are distinct from each other, and each has its own unique advantages and disadvantages. While a large and growing empirical literature examines the determinants of FDI, very few studies examine the determinants of the different modes. The central objective of this paper is to empirically analyze the extent to which the determinants of FDI such as firm size influence the choice of one mode of FDI over another. Our analysis follows a stylized two-stage investment process. First, we look at the probability of whether a Japanese firm is willing to undertake FDI in the United States. Second, which is the innovation of this paper and its main original contribution to the FDI literature, we analyze which of the four modes of FDI will be chosen by firms that are willing to undertake FDI.
- Sprache
-
Englisch
- Erschienen in
-
Series: ADB Economics Working Paper Series ; No. 197
- Klassifikation
-
Wirtschaft
International Investment; Long-term Capital Movements
Multinational Firms; International Business
- Thema
-
FDI
merger and acquisition
joint venture
new plant
relative access to bank credit
relative wealth
hurdle regression model
multinomial logit model
Auslandsinvestition
Japanisch
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Alba, Joseph D.
Park, Donghyun
Wang, Peiming
- Ereignis
-
Veröffentlichung
- (wer)
-
Asian Development Bank (ADB)
- (wo)
-
Manila
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Alba, Joseph D.
- Park, Donghyun
- Wang, Peiming
- Asian Development Bank (ADB)
Entstanden
- 2010
Ähnliche Objekte (12)
The Impact of Exchange Rate on FDI and the Interdependence of FDI over Time
Ownership Structure and Export Performance: Firm-Level Evidence from the Republic of Korea
Corporate Governance and Merger and Acquisition Foreign Direct Investment: Firm-level Evidence from Japanese Foreign Direct Investment into the US
Beyond Liquidity: New Uses for Developing Asia's Foreign Exchange Reserves
Capital Outflows, Sovereign Wealth Funds, and Domestic Financial Instability in Developing Asia
Globalization, Erosion of Tax Base, and the Revenue Potential of Developing Asia's Foreign Exchange Reserve Build-Up
Ageing Asia's Looming Pension Crisis
Policy uncertainty, derivatives use, and firm-level FDI
Productivity Growth in Different Firm Sizes in the Malaysian Manufacturing Sector: An Empirical Investigation
Are Developing Asia's Foreign Exchange Reserves Excessive? An Empirical Examination
The People's Republic of China as an Engine of Growth for Developing Asia? Evidence from Vector Autoregression Models
Saving, Investment, and Current Account Surplus in Developing Asia
The Impact of Exchange Rate on FDI and the Interdependence of FDI over Time
Ownership Structure and Export Performance: Firm-Level Evidence from the Republic of Korea
Corporate Governance and Merger and Acquisition Foreign Direct Investment: Firm-level Evidence from Japanese Foreign Direct Investment into the US
Beyond Liquidity: New Uses for Developing Asia's Foreign Exchange Reserves
Capital Outflows, Sovereign Wealth Funds, and Domestic Financial Instability in Developing Asia
Globalization, Erosion of Tax Base, and the Revenue Potential of Developing Asia's Foreign Exchange Reserve Build-Up
Ageing Asia's Looming Pension Crisis
Policy uncertainty, derivatives use, and firm-level FDI
Productivity Growth in Different Firm Sizes in the Malaysian Manufacturing Sector: An Empirical Investigation
Are Developing Asia's Foreign Exchange Reserves Excessive? An Empirical Examination
The People's Republic of China as an Engine of Growth for Developing Asia? Evidence from Vector Autoregression Models
Saving, Investment, and Current Account Surplus in Developing Asia
The Impact of Exchange Rate on FDI and the Interdependence of FDI over Time
Ownership Structure and Export Performance: Firm-Level Evidence from the Republic of Korea
Corporate Governance and Merger and Acquisition Foreign Direct Investment: Firm-level Evidence from Japanese Foreign Direct Investment into the US
Beyond Liquidity: New Uses for Developing Asia's Foreign Exchange Reserves
Capital Outflows, Sovereign Wealth Funds, and Domestic Financial Instability in Developing Asia
Globalization, Erosion of Tax Base, and the Revenue Potential of Developing Asia's Foreign Exchange Reserve Build-Up
Ageing Asia's Looming Pension Crisis
Policy uncertainty, derivatives use, and firm-level FDI
Productivity Growth in Different Firm Sizes in the Malaysian Manufacturing Sector: An Empirical Investigation
Are Developing Asia's Foreign Exchange Reserves Excessive? An Empirical Examination
The People's Republic of China as an Engine of Growth for Developing Asia? Evidence from Vector Autoregression Models