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Empricel Study on Managerial Performance of International Acquisition, Merger, Joint Ventvres and Wholly Owned Investment

Research Project

Project/Area Number 13630133
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Business administration
Research InstitutionUniversity of Tsukuba

Principal Investigator

HOSHINO Yasuo  University of Tsukuba, Institute of Policy and Planning Sciences, Professor, 社会工学系, 教授 (00096744)

Project Period (FY) 2001 – 2003
Project Status Completed (Fiscal Year 2003)
Budget Amount *help
¥3,400,000 (Direct Cost: ¥3,400,000)
Fiscal Year 2003: ¥900,000 (Direct Cost: ¥900,000)
Fiscal Year 2002: ¥1,600,000 (Direct Cost: ¥1,600,000)
Fiscal Year 2001: ¥900,000 (Direct Cost: ¥900,000)
KeywordsForeign Subsidiary / Joint Venture / Parent Company / Entry Mode / Performance / Wholly Ownership / International Acquisition / Merger / 子会社 / 合弁企業 / 製造業 / 欧州 / NAFTA / M & A / 外資系企業 / サービス業 / 米国 / 参入形態 / 合併効果 / 経営指標 / 超過収益率
Research Abstract

Firstly, by using Japanese manufacturing and service subsidiaries in U.S., and Latin America, there are differences of managerial characteristics between area and industry, end firm specific advantages and internalization advantages of parent companies have positive influence on performance of subsidiaries but no direct relationship between entry mode and performance
Secondly, by using data of Japanese manufacturing subsidiaries in NAFTA, Europe and NIEs in 1998, negative relationship between entry mode and performance are shown in NAFTA but both Europe and NIEs show no direct relationship. By overall comparison, joint ventures show better performance than wholly ownership
Thirdly, by suing 1992-2000 data of Japanese manufacturing subsidiaries in Europe, parent companies take form of joint venture than wholly ownership when their size is larger and when they operate longer experience. Moreover, when subsidiaries deal same product with parent companies, they take more form of wholly ownership

Report

(4 results)
  • 2003 Annual Research Report   Final Research Report Summary
  • 2002 Annual Research Report
  • 2001 Annual Research Report
  • Research Products

    (18 results)

All Other

All Publications (18 results)

  • [Publications] Yasuo Hoshino, Cristian Vega-Cespedes: "Effects of Ownership and Internalization Advantages on Performance : The Case of Japanese Subsidiaries in the United States and Latin America"Review of Pacific Basin Financial Market and Policies. 4. 69-94 (2001)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2003 Final Research Report Summary
  • [Publications] Yasuo Hoshino, Yeh Tsung-ming: "Productivity and Operating Performance of Japanese Merging Firms : Keiretsu-related and Independent Mergers"Japan and the World Economy. 14. 347-366 (2002)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2003 Final Research Report Summary
  • [Publications] Yasuo Hoshino, Cristian Vega-Cespedes: "Effects of Ownership and Internalization Advantages on Performance : A Comparative Study of Japanese Manufacturing and Service Subsidiaries in the United States and Latin America"Japanese Journal of Administrative Science. 16. 163-177 (2002)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2003 Final Research Report Summary
  • [Publications] Yasuo Hoshino, Mourad Mansour: "An Analysis of the Determinants of the Performance of Japanese Manufacturing Investments in NAFTA, Europe and NIEs"Journal of Business Management. 10. 65-82 (2003)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2003 Final Research Report Summary
  • [Publications] Yasuo Hoshino, Kais Ben Yousssef: "The Choice between Joint Ventures and Wholly Owned Subsidiaries : the Case of Japanese Direct Investment in Europe"Japanese Journal of Administrative Science. 17. 31-46 (2003)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2003 Final Research Report Summary
  • [Publications] Yasuo Hoshino, Cristian Vega-Cespedes: "Effects of Ownership and Internalization Advantages on Performance : The Case of Japanese Subsidiaries in the United States and Latin America"Review of Pacific Basin Financial Market and Policies. Vol.4, No.1. 69-94 (2001)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2003 Final Research Report Summary
  • [Publications] Yasuo Hoshino, Yeh Tsung-minx: "Productivity and Operating Performance of Japanese Merging Firm : Keiretsu-related and Independent Mergers"Japan and the World Economy. Vol.14. 347-366 (2002)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2003 Final Research Report Summary
  • [Publications] Yasuo Hoshino, Cristian Vega-Cespedes: "Effects of Ownership and Internalization Advantages on the Performance : A Comparative Study of Japanese Manufacturing and Service Subsidiaries in the United States and Latin America"Japanese Journal of Administrative Science. Vol.16 No.2. 163-177 (2002)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2003 Final Research Report Summary
  • [Publications] Yasuo hoshino, Mourad Mansour: "An Analysis of the Determinants of the Performance of Japanese Manufacturing Investments in NAFTA, Europe and NIEs"Journal of Business Management. Vol.10. 65-87 (2003)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2003 Final Research Report Summary
  • [Publications] Yasuo Hoshino, Kais Ben Youssef: "The Choice between Joint Ventures and Wholly owned Subsidiaries : the Case of Japanese Direct Investment in Europe"Japanese Journal of Administrative Science. Vol.17 No.1. 31-46 (2003)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2003 Final Research Report Summary
  • [Publications] Yasuo Hoshino, Mourdd Mansoor: "An Analysis of the Determinants of the Performance of Japanese Manufacturing Investments in NAFTA, Europe and NIES"Journal of Business Management. 10. 65-82 (2003)

    • Related Report
      2003 Annual Research Report
  • [Publications] Yasuo Hoshino, Kais Ben Yousself: "The Choice between Joint Ventures and Wholly Owned Subsidiaries"Japanese Journal of Administrative Science. 17 1. 31-46 (2003)

    • Related Report
      2003 Annual Research Report
  • [Publications] Yasuo Hoshino, Yeh Tsung-ming: "The Impact of M & A on Shareholder Wealth"The Developing Economies. XL 4. 553-563 (2002)

    • Related Report
      2002 Annual Research Report
  • [Publications] Yasuo Hoshino, Stephen Turnbull: "Further Study on the Performance of Mergers among Credit Associations in Japan"Review of Pacific Basin Financial Market and Policies. 5 3. 395-416 (2002)

    • Related Report
      2002 Annual Research Report
  • [Publications] Yasuo Hoshino, Cristion Vega: "Effects of Ownership and Internalization Advantages on Performance"Japanese Journal of Administrative Science. 16 2. 163-177 (2002)

    • Related Report
      2002 Annual Research Report
  • [Publications] Yasuo Hoshino, Ych Tsung-ming: "Shareholder's Wealth, Bank Control and Lange Shareholders, An Analysis of Japanese Mergers"Japan Journal of Finance. 21・2. 150-166 (2001)

    • Related Report
      2001 Annual Research Report
  • [Publications] Yasuo Hoshino, Moorad Mansoor: "Entry Mode Choice of the Japanese MNES in Europe : Impact of Firm and Industrial Factors"Japanese Journal of Administrative Sciences. 15・2. (2002)

    • Related Report
      2001 Annual Research Report
  • [Publications] Yasuo Hoshino, Ych Tsung-ming: "Productivity and Operating Performance of Japanese Merging Firms : Keiretsu-related and independent Mergers"Japan and the World Economy. 14・2. (2002)

    • Related Report
      2001 Annual Research Report

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Published: 2001-04-01   Modified: 2016-04-21  

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