Arbeitspapier
Firm-specific characteristics and the timing of foreign direct investment projects
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: CESifo Working Paper ; No. 1874
- Klassifikation
-
Wirtschaft
Multinational Firms; International Business
Firm Objectives, Organization, and Behavior: General
- Thema
-
Direktinvestition
Japanisch
Multinationales Unternehmen
Produktivität
Keiretsu
Schätzung
Japan
Europa
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Raff, Horst
Ryan, Michael
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Raff, Horst
- Ryan, Michael
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2006
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