Firm capabilities and technology ladders: sequential foreign direct investments of Japanese electronics firms in East Asia
This paper investigates how investments in capabilities offer platforms for the upgrading or downgrading of overseas subsidiaries' activities along a 'technology ladder' in response to macroeconomic changes. By analyzing panel data on Japanese electronic firms in East Asia from 1988 t...
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| Veröffentlicht in: | Strategic management journal 2002-03, Vol.23 (3), p.191-210 |
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| creator | Song, Jaeyong |
| description | This paper investigates how investments in capabilities offer platforms for the upgrading or downgrading of overseas subsidiaries' activities along a 'technology ladder' in response to macroeconomic changes. By analyzing panel data on Japanese electronic firms in East Asia from 1988 to 1994, the empirical results confirm the importance of capabilities at host country, parent company, and local subsidiary levels in sequential foreign investment decisions. The results show that subsidiary capabilities offset macroeconomic factors influencing location decisions of multinational corporations. |
| doi_str_mv | 10.1002/smj.219 |
| format | Article |
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By analyzing panel data on Japanese electronic firms in East Asia from 1988 to 1994, the empirical results confirm the importance of capabilities at host country, parent company, and local subsidiary levels in sequential foreign investment decisions. The results show that subsidiary capabilities offset macroeconomic factors influencing location decisions of multinational corporations.</description><identifier>ISSN: 0143-2095</identifier><identifier>EISSN: 1097-0266</identifier><identifier>DOI: 10.1002/smj.219</identifier><identifier>CODEN: SMAJD8</identifier><language>eng</language><publisher>Chichester, UK: John Wiley & Sons, Ltd</publisher><subject>Applied sciences ; Business structures ; Comparative advantage ; Data analysis ; East Asia ; Electronics ; Electronics industry ; Endowment ; Enterprises ; Exact sciences and technology ; Experiential learning ; firm capabilities ; Firm modelling ; Foreign direct investment ; Foreign direct investments ; Foreign exchange rates ; Foreign investment ; Foreign investments ; Foreign subsidiaries ; Host country ; Influence ; Investment ; Investment decisions ; Japan ; Linear regression ; Location of industry ; Macroeconomics ; Management ; Multinational corporations ; Multinational enterprises ; Operational research and scientific management ; Operational research. 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Mgmt. J</addtitle><description>This paper investigates how investments in capabilities offer platforms for the upgrading or downgrading of overseas subsidiaries' activities along a 'technology ladder' in response to macroeconomic changes. By analyzing panel data on Japanese electronic firms in East Asia from 1988 to 1994, the empirical results confirm the importance of capabilities at host country, parent company, and local subsidiary levels in sequential foreign investment decisions. The results show that subsidiary capabilities offset macroeconomic factors influencing location decisions of multinational corporations.</description><subject>Applied sciences</subject><subject>Business structures</subject><subject>Comparative advantage</subject><subject>Data analysis</subject><subject>East Asia</subject><subject>Electronics</subject><subject>Electronics industry</subject><subject>Endowment</subject><subject>Enterprises</subject><subject>Exact sciences and technology</subject><subject>Experiential learning</subject><subject>firm capabilities</subject><subject>Firm modelling</subject><subject>Foreign direct investment</subject><subject>Foreign direct investments</subject><subject>Foreign exchange rates</subject><subject>Foreign investment</subject><subject>Foreign investments</subject><subject>Foreign subsidiaries</subject><subject>Host country</subject><subject>Influence</subject><subject>Investment</subject><subject>Investment decisions</subject><subject>Japan</subject><subject>Linear regression</subject><subject>Location of industry</subject><subject>Macroeconomics</subject><subject>Management</subject><subject>Multinational corporations</subject><subject>Multinational enterprises</subject><subject>Operational research and scientific management</subject><subject>Operational research. Management science</subject><subject>Portfolio theory</subject><subject>Productivity</subject><subject>sequential foreign direct investments</subject><subject>Studies</subject><subject>Subsidiaries</subject><subject>Subsidiary</subject><subject>Subsidiary companies</subject><subject>Technology</subject><subject>technology ladders</subject><subject>Wage rates</subject><subject>Wages & salaries</subject><issn>0143-2095</issn><issn>1097-0266</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2002</creationdate><recordtype>article</recordtype><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><recordid>eNp1kV1rFDEUhgdRcK3iH_AiCOqFTM3HTGbSu1LaaqkrYqXehWzmpGbNJGvOrO36641OqSB4lZD34cl7OFX1lNF9Ril_g-N6nzN1r1owqrqacinvVwvKGlFzqtqH1SPENaXlqtSi-nni80is2ZiVD37ygMTEgUxgv8YU0tWOBDMMkPGAIHzfQpy8CcSlDP4qksFnsBPx8QfgNJYQSXLkrNgiIBAIJc0peovElX-wkOTY4EQO0ZvH1QNnAsKT23Ov-nxyfHH0tj7_cPru6PC8tm1pWQvmBtM6S0GJninWGAMDSE7LWzuwxjVWULtizEpKew52JaXholdtM3SDk2Kvejl7NzmVCXDSo0cLIZSSaYta9KLnnNECPv8HXKdtjqWb5rx0EZ0QBXo1QzYnxAxOb7IfTd5pRvXvBeiyAF0WUMgXtzqD1gSXTbQe_-KiaRmXrHCvZ-7aB9j9T6c_vT-brc9meo1Tyne0oKoRf2T1HHuc4OYuNvmblp3oWn25PNXLS7r8uGy_6AvxC8RirXo</recordid><startdate>200203</startdate><enddate>200203</enddate><creator>Song, Jaeyong</creator><general>John Wiley & Sons, Ltd</general><general>John Wiley and Sons</general><general>Wiley</general><general>Wiley Periodicals Inc</general><scope>BSCLL</scope><scope>IQODW</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>0U~</scope><scope>1-H</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X5</scope><scope>7XB</scope><scope>87Z</scope><scope>88C</scope><scope>88K</scope><scope>8A3</scope><scope>8BJ</scope><scope>8FI</scope><scope>8FJ</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRNLG</scope><scope>FYUFA</scope><scope>F~G</scope><scope>GHDGH</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>L.0</scope><scope>M0C</scope><scope>M0T</scope><scope>M2T</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope></search><sort><creationdate>200203</creationdate><title>Firm capabilities and technology ladders: sequential foreign direct investments of Japanese electronics firms in East Asia</title><author>Song, Jaeyong</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c5009-31fda5fc0e9381914aaede6205fc5d14f4c30cb11c60082ecb66a238954d7df63</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2002</creationdate><topic>Applied sciences</topic><topic>Business structures</topic><topic>Comparative advantage</topic><topic>Data analysis</topic><topic>East Asia</topic><topic>Electronics</topic><topic>Electronics industry</topic><topic>Endowment</topic><topic>Enterprises</topic><topic>Exact sciences and technology</topic><topic>Experiential learning</topic><topic>firm capabilities</topic><topic>Firm modelling</topic><topic>Foreign direct investment</topic><topic>Foreign direct investments</topic><topic>Foreign exchange rates</topic><topic>Foreign investment</topic><topic>Foreign investments</topic><topic>Foreign subsidiaries</topic><topic>Host country</topic><topic>Influence</topic><topic>Investment</topic><topic>Investment decisions</topic><topic>Japan</topic><topic>Linear regression</topic><topic>Location of industry</topic><topic>Macroeconomics</topic><topic>Management</topic><topic>Multinational corporations</topic><topic>Multinational enterprises</topic><topic>Operational research and scientific management</topic><topic>Operational research. Management science</topic><topic>Portfolio theory</topic><topic>Productivity</topic><topic>sequential foreign direct investments</topic><topic>Studies</topic><topic>Subsidiaries</topic><topic>Subsidiary</topic><topic>Subsidiary companies</topic><topic>Technology</topic><topic>technology ladders</topic><topic>Wage rates</topic><topic>Wages & salaries</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Song, Jaeyong</creatorcontrib><collection>Istex</collection><collection>Pascal-Francis</collection><collection>CrossRef</collection><collection>Global News & ABI/Inform Professional</collection><collection>Trade PRO</collection><collection>ProQuest Central (Corporate)</collection><collection>Access via ABI/INFORM (ProQuest)</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>Entrepreneurship Database</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Healthcare Administration Database (Alumni)</collection><collection>Telecommunications (Alumni Edition)</collection><collection>Entrepreneurship Database (Alumni Edition)</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Hospital Premium Collection</collection><collection>Hospital Premium Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Business Premium Collection (Alumni)</collection><collection>Health Research Premium Collection</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>Health Research Premium Collection (Alumni)</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Professional Standard</collection><collection>ABI/INFORM Global</collection><collection>Healthcare Administration Database</collection><collection>Telecommunications Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>Strategic management journal</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Song, Jaeyong</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Firm capabilities and technology ladders: sequential foreign direct investments of Japanese electronics firms in East Asia</atitle><jtitle>Strategic management journal</jtitle><addtitle>Strat. 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| ispartof | Strategic management journal, 2002-03, Vol.23 (3), p.191-210 |
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| subjects | Applied sciences Business structures Comparative advantage Data analysis East Asia Electronics Electronics industry Endowment Enterprises Exact sciences and technology Experiential learning firm capabilities Firm modelling Foreign direct investment Foreign direct investments Foreign exchange rates Foreign investment Foreign investments Foreign subsidiaries Host country Influence Investment Investment decisions Japan Linear regression Location of industry Macroeconomics Management Multinational corporations Multinational enterprises Operational research and scientific management Operational research. Management science Portfolio theory Productivity sequential foreign direct investments Studies Subsidiaries Subsidiary Subsidiary companies Technology technology ladders Wage rates Wages & salaries |
| title | Firm capabilities and technology ladders: sequential foreign direct investments of Japanese electronics firms in East Asia |
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