Reliance on foreign markets [electronic resource] : multinationality and performance / Makoto Nakano, Bayanjargal Purevdorj.

Reliance on foreign markets [electronic resource] : multinationality and performance / Makoto Nakano, Bayanjargal Purevdorj.

9784431545620 (eBook)
443154562X (eBook)
9784431545613
4431545611

Tokyo : Springer, [2014]

©2014

English

1 online resource (ix, 35 pages) : color illustrations.

10.1007/978-4-431-54562-0 doi

HF1379 .N35 2014eb

382

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.

Includes bibliographical references (pages 33-34) and index.

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Description based on online resource; title from PDF title page (SpringerLink, viewed November 4, 2013).

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