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Japanese Investors (japanese + investor)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	80%

Selected Abstracts

Foreign direct investment and exchange rate uncertainty in South-East Asia

INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, Issue 4 2008
Sylvia Gottschalk
Abstract We investigate the relationship between exchange rate volatility, exchange rate risk diversification and the location of foreign direct investment in the manufacturing industries of Indonesia, Malaysia, Philippines and Thailand. We found a strong role for the yen/dollar exchange rate in location decisions of the US and Japanese investors. There is evidence in the literature that Japanese firms invest in Asia to circumvent the appreciation of the yen. Our results show that the volatility of the yen and the correlation between local exchange rates and the yen are significant determinants of the US and Japanese investments in the region. Copyright © 2007 John Wiley & Sons, Ltd. [source]

How do Individual, Institutional, and Foreign Investors Win and Lose in Equity Trades?

INTERNATIONAL REVIEW OF FINANCE, Issue 3-4 2006
Evidence from Japan
ABSTRACT We investigate the gains and losses from equity trades of individual investors, various institutional investors, and foreign investors in the Tokyo Stock Exchange. We develop a trade-weighted performance measure and examine the impact of trading intervals, price spreads, and market timing on performance. We find that different investor types gain or lose from different sources. For example, we discover that individual investors have poor market timing ability but potentially gain during short-run trading intervals as their average sell price is consistently higher than the average purchase price. In contrast, we find that foreign investors consistently generate gains from trade due to good market timing, although their average sell price is lower than the average purchase price. Also, we find that foreign investors extract significant portion of their gains by trading against Japanese institutional investors when Japanese investors trade before their fiscal-year end. [source]

For the Sake of the Team: Unity and Disunity in a Multiparty Major League Baseball Negotiation

NEGOTIATION JOURNAL, Issue 3 2005
Larry Crump
"Divide and conquer" is a well-known expression although the literature on distributive negotiation offers little theory in support of this technique. This article develops theory to explain increases or decreases in unity and disunity among negotiation groups comprising multiple parties in organizational settings. Specifically, this study analyzes the negotiations surrounding the purchase of the Seattle Mariners baseball team in 1992 by a group that included Japanese investors. The study identifies reframing as a technique that can be used strategically to create disunity between cooperating parties on the same side in a negotiation. This article also develops a theory about techniques that can enhance unity between cooperating parties and can protect against disunity that may be generated by the opposition. Dividing and unifying techniques are both components of a larger negotiation theory that seeks to evaluate actions designed to affect the degree of unity between parties working together in distributive settings. [source]

Structure of Firm Location Choices: An Examination of Japanese Greenfield Investment in China,

ASIAN ECONOMIC JOURNAL, Issue 1 2007
Shaoming Cheng
F21; L20; R30 This paper presents an empirical investigation of the location decision structure of Japanese investors in China. In this study, a nested logit model and rich Japanese firm-level greenfield manufacturing foreign direct investment data are calibrated together. This examination is not only driven by the unsatisfactory model specification of the conditional logit model in previous location choice analyses, specifically the violation of the independence from irrelevant alternatives assumption; but is also driven by the urgent need to better understand foreign investors' in general and Japanese investors' in particular location decision structure in China. Two potential hierarchical and sequential location decision-making structures of Japanese investors are then tested, which are respectively in line with the spatial divide of China's FDI preferential policies and with China's six traditional census areas. [source]