Multinationalism, Japanese Style

Prasad, Shailendra; Ozawa, Terutomo

doi:10.1515/9781400856343

Cited by 39 publications

(12 citation statements)

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“…Foreign trading subsidiaries can play an important role in making the best use of manufacturing operations in host countries (Kojima and Ozawa, 1984). When local environments become unstable, foreign trading companies can bring it to the attention of manufacturers (Ozawa, 1979). Although labour and resource costs decreased to levels below those occurring prior to the 1997 Asian Economic Crisis, local demand markets also shrank (McKibbin and Martin, 1999).…”

Section: Choice Of Industriesmentioning

confidence: 99%

The Impact of Institutional Reforms on Characteristics and Survival of Foreign Subsidiaries in Emerging Economies*

Chung

Beamish

2005

J Management Studies

153

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 This study goes beyond the conventional notion of the institutional environment of emerging economies and investigates their dynamic context. It examines the complex influences of policy reforms on the characteristics and survival of foreign subsidiaries in emerging economies before and after the 1997 Asian Economic Crisis. This study proposes that FDI policy reforms during times of crisis may not only have a positive effect on institutional munificence for foreign firms, but such drastic reforms may also produce a negative effect (e.g. institutional volatility and complexity) on the environment. We consider how foreign firms effectively respond to the unfavourable forces of the post-crisis environments while taking advantage of the munificence of the policy reforms. We find that foreign subsidiaries tend to take the form of wholly-owned subsidiaries (versus joint ventures), majority joint-ventures (versus minority joint-ventures), or trading operations (versus manufacturing operations) in the post-crisis institutional environment. Consistently, foreign subsidiaries with these characteristics are more likely to survive in the postcrisis environment.

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Section: Choice Of Industriesmentioning

confidence: 99%

The Impact of Institutional Reforms on Characteristics and Survival of Foreign Subsidiaries in Emerging Economies*

Chung

Beamish

2005

J Management Studies

153

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“…Simultaneously, we recognize that although this might express a general observation, such bias of perspective is not unique to Western contexts for IB research: during the heydays of Japanese MNCs expansion, Asian academics could be observed invoking similar bias (cf. Kojima 1978;Ozawa 1979).…”

Section: Challenging Western Research Biasmentioning

confidence: 99%

Is there an East Asian model of MNC internationalization? A comparative analysis of Japanese and Korean firms

Hemmert

Jackson

2016

Asia Pacific Business Review

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“…The author argues that the life cycle of a product has five stages: development, launch, growth, maturity and decline, with companies applying different strategies at each of these stages, notably in their location choices for production activities. Studying location choices made by Japanese companies, Ozawa (1979) suggests that the multinationalization of companies is motivated by the transfer of innovation from the home country to the host country. For Hymer (1976), firms benefiting from monopolistic advantages, such as imperfection in product or factor markets, can succeed in foreign markets.…”

Section: Location Strategies Of Mncs: a Literature Reviewmentioning

confidence: 99%

Optimizing the Location of R&D and Production Activities: Trends in the Automotive Industry

Colovic¹,

Mayrhofer

2011

European Planning Studies

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This article analyses the location strategies pursued by multinational corporations. The empirical study is based on automobile MNCs of Triad nations, which need to optimize the location of their activities in order to remain competitive. The main objective of the paper is to determine to which extent automotive MNCs are globalized or regionalized. The analysis focuses on production and R&D activities, which play a strategic role in the global value chain of companies. The arguments presented show that, whilst most car manufacturers used to concentrate a large part of production and R&D activities in their country of origin or home region, they currently accelerate the geographic diversification of investments. Thus, the importance of production and, to a lesser extent, of R&D facilities based abroad is constantly growing, especially in emerging markets, which can be considered particularly attractive territories for MNCs. In a context in which the attractiveness of countries and regions appears to be in a state of constant change, the present study contributes to a better understanding of the location choices made by automotive MNCs.

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Multinationalism, Japanese Style

Cited by 39 publications

References 0 publications

The Impact of Institutional Reforms on Characteristics and Survival of Foreign Subsidiaries in Emerging Economies*

The Impact of Institutional Reforms on Characteristics and Survival of Foreign Subsidiaries in Emerging Economies*

Is there an East Asian model of MNC internationalization? A comparative analysis of Japanese and Korean firms

Optimizing the Location of R&D and Production Activities: Trends in the Automotive Industry

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