Options for Strategic Change: The Importance of Internal, Debt and Equity Financing for Multinational Corporations

Dennis S. Tachiki

Chapter 10 in Corporate Strategies for South East Asia after the Crisis, 2000, pp 187-198 from Palgrave Macmillan

Abstract: Abstract Although the Asian crisis has brought an abrupt halt to the investment euphoria of the multinational corporations (MNCs) in Southeast Asia, they are cautiously increasing their presence in this region. Among the various flows of international capital, foreign direct investment (FDI) is one of the few categories showing a marginal net increase (IMF 1999). Japanese companies have been primarily taking a larger equity stake in their local joint ventures to consolidate their production networks, whereas European companies are more likely to pursue the merger and acquisition of local companies, particularly in the services sector (UNCTAD 1998). Consequently, the MNCs are continuing to favourably bet on the future of this region.

Keywords: Foreign Direct Investment; Capital Market; Investment Institution; Bond Market; Southeast Asian Country (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28633-7_10

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DOI: 10.1057/9780230286337_10

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