Reliance on Foreign Markets: Multinationality and Performance
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 multination
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Makoto Nakano Bayanjargal Purevdorj
Reliance on Foreign Markets: Multinationality and Performance
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SpringerBriefs in Business
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Makoto Nakano • Bayanjargal Purevdorj
Reliance on Foreign Markets: Multinationality and Performance
Makoto Nakano Graduate School of Commerce & Management Hitotsubashi University Kunitachi, Tokyo, Japan
Bayanjargal Purevdorj Chicago, IL, USA
ISSN 2191-5482 ISSN 2191-5490 (electronic) ISBN 978-4-431-54561-3 ISBN 978-4-431-54562-0 (eBook) DOI 10.1007/978-4-431-54562-0 Springer Tokyo Heidelberg New York Dordrecht London © The Author(s) 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
To our families
Acknowledgments
We thank Yusuke Takasu for his constructive comments and discussion. We have also benefited from discussion with participants at the 24th Asian-Pacific Conference on International Accounting Issues in Maui, Hawaii. Makoto Nakano is grateful for financial support from Hitotsubashi University.
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Contents
Reliance on Foreign Markets: Multinationality and Performance .............. 1 Introduction ................................................................................................... 2 Economic Backgrounds on Overseas Operations of Japanese M
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