Skip to main content
Article thumbnail
Location of Repository

Foreign-owned versus domestically-owned firms: economic performance in

By Fukunari Kimura and Kozo Kiyota


This paper utilizes micro panel data of firms located in Japan and examines differences in static and dynamic corporate performance between foreign-owned and domestically-owned firms in the 1990s. We find that foreign-owned firms not only reflect superior static characteristics but also achieve faster growth. In addition, foreign investors appear to invest in firms that may not be profitable immediately now but will potentially have better performance in the future. The results imply that foreign investors bring useful firm-specific assets into the Japanese market, which may work as an effective catalyst for necessary structural reform. (94 words

Topics: Key Words, foreign ownership, foreign direct investment, growth, survival, total factor productivity
Year: 2007
OAI identifier: oai:CiteSeerX.psu:
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • (external link)
  • http://www.fordschool.umich.ed... (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.