48 research outputs found

    Spatial determinants of Japanese manufacturing firms in the Czech Republic

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    This study casts light upon the locational distribution of industrial activites of Japanese multinational corporations (MNCs) in the Czech Republic at the regional level from 1999 through 2004. In our study, McFadden's conditional logit model is applied to trace the dynamic effects of a series of factors on locational choices of Japanese MNCs. We found evidence that the locational choice of Japanese MNCs is positively affected by industrial agglomeration effects resulting from potential interactions across and within existing Japanese and foreign firms owing to mitigation of various transaction costs. In addition, the presence of well-developed infrastructure systems and high wage level determine the location choice of Japanese MNCs, while distance matters. The empirical evaluation also contends that spatial determinants of MNCs vary by nationality in the Czech Republic. It is evident that agglomeration externalities and distance emerge as critical driving factors for Japanese MNCs and Asian MNCs. On the other hand, it has been verified that fiscal and financial incentives tend to highly motivate German MNCs, while local demand conditions have a great impact on Anglo-American MNCs. --regional attributes,agglomeration,Japanese FDI,conditional logit model,the Czech Republic,regional disparity,Japanese manufacturing start-ups,localization

    Ownership strategies in post-financial crisis Southeast Asia: The case of Japanese firms

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    Existing research on entry mode determinants is firmly grounded in the transaction cost and resource-based literature while location-and institution-specific characteristics lack attention. The primary goal of this article is to address the determinants of entry mode by Japanese manufacturing firms in Southeast Asia after the financial crisis on the basis of a theoretical framework that integrates firm-specific, industry-specific, location-and institution-specific factors. Results show that locational factors make significant contributions to the understanding of the entry mode selection of MNEs and partly override the effect of firm-specific factors. --entry mode,transaction costs,resource commitment,location factors,country risk,Japanese manufacturing firms,Southeast Asia

    Spatial determinants of Japanese manufacturing firms in the Czech Republic

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    This study casts light upon the locational distribution of industrial activites of Japanese multinational corporations (MNCs) in the Czech Republic at the regional level from 1999 through 2004. In our study, McFadden's conditional logit model is applied to trace the dynamic effects of a series of factors on locational choices of Japanese MNCs. We found evidence that the locational choice of Japanese MNCs is positively affected by industrial agglomeration effects resulting from potential interactions across and within existing Japanese and foreign firms owing to mitigation of various transaction costs. In addition, the presence of well-developed infrastructure systems and high wage level determine the location choice of Japanese MNCs, while distance matters. The empirical evaluation also contends that spatial determinants of MNCs vary by nationality in the Czech Republic. It is evident that agglomeration externalities and distance emerge as critical driving factors for Japanese MNCs and Asian MNCs. On the other hand, it has been verified that fiscal and financial incentives tend to highly motivate German MNCs, while local demand conditions have a great impact on Anglo-American MNCs

    Ownership strategies in post-financial crisis Southeast Asia: The case of Japanese firms

    Full text link
    Existing research on entry mode determinants is firmly grounded in the transaction cost and resource-based literature while location-and institution-specific characteristics lack attention. The primary goal of this article is to address the determinants of entry mode by Japanese manufacturing firms in Southeast Asia after the financial crisis on the basis of a theoretical framework that integrates firm-specific, industry-specific, location-and institution-specific factors. Results show that locational factors make significant contributions to the understanding of the entry mode selection of MNEs and partly override the effect of firm-specific factors

    Institutional support and women’s entrepreneurial self-efficacy

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    Purpose The purpose of this study is to explores the extent to which local institutional forces affect female entrepreneurial venture performance. Drawing upon a unified theoretical framework of social cognitive and institutional perspectives, the authors scrutinize the complex interplay among institutional support, entrepreneurial cognitions and entrepreneurial success. Design/methodology/approach Based on a unique sample of 202 female entrepreneurs in 30 provinces throughout Japan, this paper grounded social cognitive theory and attempted to clear the relation between women’s entrepreneurial self-efficacy and venture performance empirically by statistical analysis. Findings The findings of structural equation modeling indicate that women’s entrepreneurial self-efficacy is a strong and useful mediator of the effect of informal institutional support on venture performance. Unexpectedly, formal institutional support shows no correlation with entrepreneurial self-efficacy. Practical implications This study proposes that perceived social legitimacy may lead to increased entrepreneurial self-efficacy, thereby enhancing venture performance. This finding can clarify the institutional force pathways to foster entrepreneurial confidence. Originality/value This study contributes to the field of female entrepreneurship by examining institutional antecedents of women’s entrepreneurial self-efficacy. Focused on the case of Japanese female entrepreneurs, this study is unique and valuable

    Japanese Multinationals in European Transition Economies: Motivation, Location and Structural Patterns

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    The main purpose of this thesis is to provide systematic and rigorous research into the patterns, processes and corporate strategies of Japanese manufacturing MNEs in European transition economies. Understanding why Japanese MNEs decided to initiate production in or to relocate existing factories from Western Europe to CEE at a particular time constitutes our first significant concern. The subject of the examination to follow is to scrutinise local market environments in the CEE region. The quality of both economic and institutional forces embedded in national business environments is clearly paramount importance. In order to determine the appropriate FDI strategy in terms of competitiveness, efficiency, control over vital resources and legitimacy, firms should keep their eyes on the host country’s transition environment. This thesis will also aim to investigate what determines investment decisions by Japanese multinationals at the subnational level and what variables are most important to operating successfully in the CEE region based on a combination of theories. The results will help make crucial practice-oriented implications both for prospective investors and for host-based policy developers
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