Effects of Ownership and Internalization Advantages on Performance: The Case of Japanese Subsidiaries in the United States and Latin America

Cristian Vega-Céspedes and Yasuo Hoshino
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Cristian Vega-Céspedes: Doctoral Program in Policy and Planning Sciences, University of Tsukuba, Tsukuba-shi, Ibaraki-ken, Japan
Yasuo Hoshino: Institute of Policy and Planning Sciences, University of Tsukuba, Tsukuba-shi, Ibaraki-ken, Japan

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2001, vol. 04, issue 01, 69-94

Abstract: This paper attempts to prove empirically that ownership and internalization advantages play a more important role than entry mode in explaining the attained performance of subsidiary companies. While a direct effect of ownership and internalization advantages on performance was found, a relation between entry mode and performance is not evident. A logistic regression model is applied to two samples, i.e., two states in the United States and countries of Latin America.

Keywords: Eclectic paradigm (OLI theory); Entry mode; Foreign direct investments (FDI); Subsidiary's performance; Transaction costs theory (search for similar items in EconPapers)
JEL-codes: G1 G2 G3 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (3)

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DOI: 10.1142/S0219091501000346

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