Exchange rates and ownership structure of Japanese multinational firms

Asiedu, 2001, Ownership structure in foreign direct investment projects, Review of Economics and Statistics, 83, 647, 10.1162/003465301753237731 Blonigen, 1997, Firm-specific assets and the link between exchange rates and foreign direct investment, American Economic Review, 87, 447 Cragg, 1971, Some statistical models for limited dependent variables with application to the demand for durable goods, Econometrica, 39, 829, 10.2307/1909582 Delios, 1999, Ownership strategy of Japanese firms: transactional, institutional, and experience influences, Strategic Management Journal, 20, 915, 10.1002/(SICI)1097-0266(199910)20:10<915::AID-SMJ51>3.0.CO;2-0 Fazzari, 1988, Financing constraints and corporate investment, Brookings Papers on Economic Activity, 1, 141, 10.2307/2534426 Froot, 1991, Exchange rates and foreign direct investment: an imperfect capital markets approach, Quarterly Journal of Economics, 106, 1191, 10.2307/2937961 Globerman, 2002, Global foreign direct investment flows: the role of governance infrastructure, World Development, 30, 1899, 10.1016/S0305-750X(02)00110-9 Gomes-Casseres, 1989, Ownership structures of foreign subsidiaries: theory and evidence, Journal of Economic Behavior and Organization, 11, 1, 10.1016/0167-2681(89)90061-9 Graham, 1995 Greene, 2003 Henisz, 2000, The institutional environment for multinational investment, Journal of Law, Economics and Organization, 16, 334, 10.1093/jleo/16.2.334 Hennart, 1991, The transaction cost theory of joint ventures: an empirical study of Japanese subsidiaries in the United States, Management Science, 37, 483, 10.1287/mnsc.37.4.483 Hoshi, 1991, Corporate structure, liquidity, and investment: evidence from Japanese industrial groups, Quarterly Journal of Economics, 106, 33, 10.2307/2937905 Kasuga, 2003, Capital market imperfections and forms of foreign operations, International Journal of Industrial Organization, 21, 1043, 10.1016/S0167-7187(03)00050-X Kaufmann, D., Kraay, A., Zoido-Lobaton, P., 1999a. Aggregating Governance Indicators. World Bank Working Paper. World Bank, Washington, DC. Kaufmann, D., Kraay, A., Zoido-Lobaton, P., 1999b. Governance Matters. World Bank Working Paper. World Bank, Washington, DC. Klein, 2002, Troubled banks, impaired foreign direct investment: the role of relative access to credit, American Economic Review, 92, 664, 10.1257/00028280260136309 Klein, 1994, The real exchange rate and foreign direct investment in the United States: relative wealth vs. relative wage effects, Journal of International Economics, 36, 373, 10.1016/0022-1996(94)90009-4 Lamont, 1997, Cash flow and investment: evidence from internal capital markets, Journal of Finance, 52, 83, 10.2307/2329557 Lee, 1995, The characteristics and performance of Korean joint ventures in LDCs, Journal of International Business Studies, 26, 637, 10.1057/palgrave.jibs.8490190 Lee, 1996, Intellectual property protection and U.S. foreign direct investment, Review of Economics and Statistics, 78, 181, 10.2307/2109919 Li, 1995, Foreign entry and survival: effects of strategic choices on performance in international markets, Strategic Management Journal, 16, 333, 10.1002/smj.4250160502 Lin, 1984, A test of the tobit specification against an alternative suggested by Cragg, Review of Economics and Statistics, 66, 174, 10.2307/1924712 Nakamura, 1998, Nonverifiability, noncontractibility and ownership determination models in foreign direct investment, with an application to foreign operations in Japan, International Journal of Industrial Organization, 16, 571, 10.1016/S0167-7187(97)00019-2 Neven, 1996, Technology sourcing and FDI in the EC: an empirical evaluation, International Journal of Industrial Organization, 14, 543, 10.1016/0167-7187(95)00510-2 Ramachandran, 1993, Technology transfer, firm ownership, and investment in human capital, Review of Economics and Statistics, 75, 664, 10.2307/2110020 Stevens, 1998, Exchange rates and foreign direct investment: a note, Journal of Policy Modeling, 20, 393, 10.1016/S0161-8938(97)00007-0 UNCTAD, 2000. World Investment Report: Cross-border Mergers and Acquisitions and Development. United Nations, New York, NY.