Knowledge Drivers of Japanese Foreign Direct Investment Location
Knowledge Drivers of Japanese Foreign Direct Investment Location
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DOI：
10.1007/978-3-030-21451-7_17
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发表时间：
2019-07
期刊：
影响因子：
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通讯作者：
Rémy Magnier-Watanabe
中科院分区：
文献类型：
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作者：
Rémy Magnier-Watanabe
随着全球化程度的提高，一些国家不仅通过贸易，而且通过外国直接投资向境外扩张。在此过程中，为了取得成功，需要跨越知识鸿沟，在不为人知的遥远国家设立子公司。本研究考察了2003年至2017年期间，日本投资者在美国设立子公司时，影响其国家选址的知识相关因素。根据原始数据库构建的结果显示，日本的外国直接投资倾向于靠近日本的国家，这些国家拥有更多的直飞航班，产业集中度更高，并且日本企业已经在这些国家设立了更多的办事处。这些结果表明，除了经济因素之外，日本企业在选择对外国直接投资来说是知识、知识溢出和学习的上级来源地的同时，也选择了对美国的直接投资。这一结果与过去15年日本对美国的投资集中于制造业和IT业的趋势是一致的。
With rising globalization, several countries have been expanding outside their borders through not only trade, but also foreign direct investment. In doing so, they establish subsidiaries in little-known distant countries where they must overcome knowledge gaps to be successful.This research examines some knowledge-related factors that affect the state location choices of Japanese investors when they established affiliates in the United States between 2003 and 2017. The results, constructed from an original database, showed that Japanese foreign direct investment favor states that are closer to Japan and with more direct flight access, which have higher industry concentration, and in which more Japanese firms are already located. These findings suggest that beyond economic considerations, Japanese firms select locations considered to be superior sources of knowledge, knowledge spillovers, and learning for foreign direct investment.These results are specific to Japanese investments in the United States over the past 15 years which tend to be concentrated in manufacturing and IT industries.