Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25919
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dc.contributor.authorRaff, Horsten_US
dc.contributor.authorRyan, Michaelen_US
dc.date.accessioned2007-05-22en_US
dc.date.accessioned2009-07-28T08:13:43Z-
dc.date.available2009-07-28T08:13:43Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/25919-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper|x1874en_US
dc.subject.jelF23en_US
dc.subject.jelL20en_US
dc.subject.ddc330en_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwJapanischen_US
dc.subject.stwMultinationales Unternehmenen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwKeiretsuen_US
dc.subject.stwSchätzungen_US
dc.subject.stwJapanen_US
dc.subject.stwEuropaen_US
dc.titleFirm-specific characteristics and the timing of foreign direct investment projectsen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn529296071en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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