@techreport{Raff2006Firm,
abstract = {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.},
address = {M\"{u}nchen},
author = {Horst Raff and Michael Ryan},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F23; L20; 330; Direktinvestition; Japanisch; Multinationales Unternehmen; Produktivit\"{a}t; Keiretsu; Sch\"{a}tzung; Japan; Europa},
language = {eng},
number = {1874},
publisher = {CESifo},
title = {Firm-specific characteristics and the timing of foreign direct investment projects},
type = {CESifo working paper},
url = {http://hdl.handle.net/10419/25919},
year = {2006}
}
