| Author: | Tan, B. Vertinsky, I. |
| Title: | Foreign direct investment by Japanese electronics firms in the United States and Canada: modelling the timing of entry |
| Journal: | Journal of International Business Studies
1996 : FOURTH QUARTER, VOL. 27:4, p. 655-682 |
| Index terms: | FOREIGN INVESTMENT JAPAN ELECTRONICS INDUSTRY |
| Language: | eng |
| Abstract: | This paper examines the relationship between attributes of Japanese electronics firms and the sequence of their investments in the U.S. and Canada. It is argued that a useful way to model foreign direct investment (FDI) decisions is to recognize explicitly the uncertainties involved in them. A probabilistic model of FDI is specified. The models are estimated using Cox's proportional hazards regression model. Results generally confirm the hypothesis that size and financial capabilities, as well as possession of some knowledge-based, firm-specific strategic assets, are significantly related to early FDI. |
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