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Empirical Study on the Compatibility between Firm's Investment Strategy and Foreign Direct Investment

Research Project

Project/Area Number 16K03668
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Economic policy
Research InstitutionHosei University

Principal Investigator

TAMURA Akiko  法政大学, 経済学部, 教授 (30287841)

Research Collaborator SHIMIZU Nobumasa  
XU Peng  
Project Period (FY) 2016-04-01 – 2019-03-31
Project Status Completed (Fiscal Year 2018)
Budget Amount *help
¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
Fiscal Year 2018: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2017: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2016: ¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000)
Keywords直接投資 / 企業の戦略タイプ / 国際競争力 / アウトソーシング / 輸出 / 企業の異質性 / 本社機能 / 研究開発 / 投資戦略 / 研究開発投資 / 本社機能サービス / 国際経済学 / 経済理論
Outline of Final Research Achievements

This project analyzes the compatibility between firm's investment strategy and foreign direct investment (FDI). I examine firms' choices regarding FDI, using the framework of the Miles and Snow strategic types to represent firm heterogeneity. Using the theoretical framework of Antras and Helpman [2004], I clarify that more headquarter-intensive firms choose to undertake FDI, whereas firms that are less headquarter intensive choose outsourcing rather than FDI. Based on the analyses of mail survey data on Japanese manufacturing firms, I find that prospectors are more headquarter intensive than defenders, and that analyzers fall in between. Thus, prospectors may choose to undertake FDI more compared with defenders. Based on the mail survey, I find that prospectors perform FDI more aggressively than defenders, which is consistent with the theoretical analysis.

Academic Significance and Societal Importance of the Research Achievements

本研究では、従来注目されている「企業の異質性」が海外進出パターンに与える影響・効果の分析に、企業の投資戦略タイプといった視点を導入する。各企業には、主力とする製品の特徴や市場環境などにより、異なる投資戦略がとられており、それに適合した海外進出を行うことで、より高収益をもたらすことが期待される。企業の投資戦略タイプに適合した海外進出パターンが企業収益力を高めるとともに、相互に補完性のある海外進出がマクロでの国際競争力向上により貢献することを実証分析で明らかにする。これらの分析を統合することで、国際競争力を高める企業の投資戦略が明らかになる。

Report

(4 results)
  • 2018 Annual Research Report   Final Research Report ( PDF )
  • 2017 Research-status Report
  • 2016 Research-status Report
  • Research Products

    (11 results)

All 2018 2017 Other

All Journal Article (6 results) (of which Peer Reviewed: 2 results,  Acknowledgement Compliant: 2 results) Presentation (3 results) (of which Int'l Joint Research: 3 results) Book (1 results) Remarks (1 results)

  • [Journal Article] The Impacts of Miles and Snow’s Reactor Characteristics on Earnings Management2018

    • Author(s)
      Nobumasa Shimizu, Kazutoshi Yanai, Kohei Arai, and Akiko Tamura
    • Journal Title

      Proceedings of European Accounting Association Annual Congress

      Volume: 41 Pages: 1-29

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Firms’ Investment Strategies and the Choice of Foreign Direct Investment2018

    • Author(s)
      Akiko Tamura
    • Journal Title

      Journal of International Economic Studies

      Volume: 32 Pages: 13-23

    • NAID

      120006455042

    • Related Report
      2017 Research-status Report
  • [Journal Article] Editor's Introduction2018

    • Author(s)
      Akiko Tamura
    • Journal Title

      Journal of International Economic Studies

      Volume: 32 Pages: 1-1

    • Related Report
      2017 Research-status Report
  • [Journal Article] Impacts of Organizational Dysfunction on Budgeting, Managers’ Forecasts, and Earnings Management2017

    • Author(s)
      Nobumasa Shimizu, Kazutoshi Yanai, Kohei Arai, and Akiko Tamura
    • Journal Title

      Proceedings in 9th Conference on Performance Measurement and Management Control

      Volume: 9 Pages: 1-23

    • Related Report
      2017 Research-status Report
    • Peer Reviewed
  • [Journal Article] 企業の投資戦略と直接投資の選択2017

    • Author(s)
      田村晶子
    • Journal Title

      田村晶子編『国際競争力を高める企業の直接投資戦略と貿易』日本評論社

      Volume: - Pages: 57-71

    • Related Report
      2016 Research-status Report
    • Acknowledgement Compliant
  • [Journal Article] 自由貿易推進と国際競争力の推移2017

    • Author(s)
      田村晶子・胥鵬
    • Journal Title

      田村晶子編『国際競争力を高める企業の直接投資戦略と貿易』日本評論社

      Volume: - Pages: 163-179

    • Related Report
      2016 Research-status Report
    • Acknowledgement Compliant
  • [Presentation] The Impacts of Miles and Snow’s Reactor Characteristics on Earnings Management2018

    • Author(s)
      Nobumasa Shimizu, Kazutoshi Yanai, Kohei Arai, and Akiko Tamura
    • Organizer
      European Accounting Association Annual Congress
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] The Impacts of Miles and Snow’s Reactor Characteristics on Earnings Management2018

    • Author(s)
      Nobumasa Shimizu, Kazutoshi Yanai, Kohei Arai, and Akiko Tamura
    • Organizer
      The 6th International Conference of the JIAR
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Impacts of Organizational Dysfunction on Budgeting, Managers’ Forecasts, and Earnings Management2017

    • Author(s)
      Nobumasa Shimizu, Kazutoshi Yanai, Kohei Arai, and Akiko Tamura
    • Organizer
      9th Conference on Performance Measurement and Management Control
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Book] 国際競争力を高める企業の直接投資戦略と貿易2017

    • Author(s)
      田村晶子編著
    • Total Pages
      256
    • Publisher
      日本評論社
    • Related Report
      2016 Research-status Report
  • [Remarks] 法政大学比較経済研究所ホームページ

    • URL

      http://www.hosei.ac.jp/ices/

    • Related Report
      2017 Research-status Report 2016 Research-status Report

URL: 

Published: 2016-04-21   Modified: 2020-03-30  

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