International Comparisons on Profitaility among Corporate Joint Ventures, Mergers, and Wholly-owned Subsidiaries

2014 Fiscal Year Final Research Report

• Project/Area Number: 24530500
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Business administration
• Research Institution: Aichi University
• Principal Investigator: HOSHINO Yasuo 愛知大学, その他の研究科, 教授 (00096744)
• Project Period (FY): 2012-04-01 – 2015-03-31
• Keywords: 企業合弁 / 直接投資 / ASEAN / 収益性 / 分散分析 / Orbis データベース

Outline of Final Research Achievements

By using data of Malaysia and Thai provided by the ORBIS database, a multiple regression model has been applied in this research and the results reveal that some parent’s financial ratios have influence on the subsidiaries financial performance. Moreover, the parent company’s ‘R&D per operating value’, ‘profit margin,’ and ‘solvency ratio’ are the best indicators of the performance of the
subsidiaries in the two-host countries.
By analyzing 24 ICT companies in ASEAN counties such as Thailand, Malaysia, and Philippines; and 231 ICT companies in East Asia; Japan, China and South Korea by Our empirical results shows that East Asia shows a good performance in Sales Growth Rate but low performance in Profitability Ratio compare to ASEAN in the ICT industry. By comparing the performance of each country, China shows positive performance in the Sales Growth while Malaysia has the low performance in Profitability Ratio; ROSF, ROCE and Korea with its ROA, Profit Margin and EBITDA.

Free Research Field

国際経営