کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
884569 912400 2008 26 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Resource accumulation and overseas expansion by Japanese multinationals
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Resource accumulation and overseas expansion by Japanese multinationals
چکیده انگلیسی

In this paper, we examine the motivation for and outcome from a firm's multinational expansion strategy by analyzing two issues: first, the relationship between a firm's intangible assets and its investment abroad, and second, the evolution of the value of multinationality to shareholders as a firm's level of international activity and foreign experience changes. Overall, our results show that while it is typical for the Japanese firms in our sample to accumulate intangible assets prior to investing in foreign markets, these firms need experience in foreign markets before a return on this investment will be realized.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 65, Issue 2, February 2008, Pages 277–302
نویسندگان
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