Logo - springer
Slogan - springer

Business & Management - Accounting, Auditing & Taxation | Reliance on Foreign Markets: Multinationality and Performance

Reliance on Foreign Markets: Multinationality and Performance

Nakano, Makoto, Purevdorj, Bayanjargal

2014, IX, 35 p. 2 illus.

Available Formats:
eBook
Information

Springer eBooks may be purchased by end-customers only and are sold without copy protection (DRM free). Instead, all eBooks include personalized watermarks. This means you can read the Springer eBooks across numerous devices such as Laptops, eReaders, and tablets.

You can pay for Springer eBooks with Visa, Mastercard, American Express or Paypal.

After the purchase you can directly download the eBook file or read it online in our Springer eBook Reader. Furthermore your eBook will be stored in your MySpringer account. So you can always re-download your eBooks.

 
$39.99

(net) price for USA

ISBN 978-4-431-54562-0

digitally watermarked, no DRM

Included Format: PDF and EPUB

download immediately after purchase


learn more about Springer eBooks

add to marked items

Softcover
Information

Softcover (also known as softback) version.

You can pay for Springer Books with Visa, Mastercard, American Express or Paypal.

Standard shipping is free of charge for individual customers.

 
$54.99

(net) price for USA

ISBN 978-4-431-54561-3

free shipping for individuals worldwide

usually dispatched within 3 to 5 business days


add to marked items

  • Integrates three fields: accounting, corporate finance, and business
  • Investigates multinationality and performance using firm-level geographic segment information
  • Explains the financial performance of Japanese manufacturing firms accelerating overseas operations​
This study examines the relationship between multinationality and the performance of Japanese manufacturing companies during the period 1999–2008 by using geographic segment information. Despite the enormous interest in and importance given to multinationality from the academic and business worlds, prior findings about the multinationality–performance relationship are conflicting and inconsistent. The overall results of the present study show that multinationality has a positive impact both on accounting performance and on market-based performance. In additional tests, Japanese electric and electronic equipment companies’ reliance on the Asian market was found to have a negative impact on profitability and no significant impact on firm value, whereas reliance on other foreign markets such as the Americas and the EU had a positive impact on profitability and firm value. The multinationality–performance relationship cannot be generalized and varies among geographic regions. This book contributes to both the multinationality–performance literature and the geographic segment reporting literature by offering empirical evidence about Japanese manufacturing companies and comparing them with prior findings about American companies. ​

Content Level » Research

Keywords » firm value - multinational corporation - overseas operations - performance

Related subjects » Accounting, Auditing & Taxation - Finance & Banking - International Economics / European Integration - Marketing

Table of contents 

1. Introduction.- 2. Theory and Prior Evidence on Multinationality. 2.1 Benefits and Costs of Multinationality. 2.2 Prior Empirical Evidence on Multinationality and Performance.- 3. Hypotheses.3.1 Multinationality and Profitability. 3.2 Multinationality and Firm Value.- 4. Description of Data and Methodology. 4.1 Description of Data. 4.2Trends in Overseas Operations of Japanese Multinational Companies.4.3 Model.- 5.Empirical Results. 5.1 Descriptive Statistics and Correlations. 5.2 Results and Discussion.- 6. Robustness Check and Additional Tests. 6.1 Alternative Measurement Test. 6.2 Regional Breakdown Test.- 7. Conclusion.

Popular Content within this publication 

 

Articles

Read this Book on Springerlink

Services for this book

New Book Alert

Get alerted on new Springer publications in the subject area of Accounting / Auditing.